Groww to stop US stock trading services, app hit by technical glitches

Stock broking platform Groww has stopped offering services for US stocks due to a tax collected at source. Around 2,000 users who joined in 2023 were still using Groww for these investments. They now have the option to migrate to other platforms or withdraw their investments. Groww is the largest stock trading platform in India and surpassed Zerodha in terms of active traders. In FY23, Groww reported revenue of Rs 1,294 crore and a net profit of Rs 73 crore.