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Zerodha applies for merchant-banking licence to diversify beyond broking

Zerodha seeks a merchant-banking licence to diversify beyond broking, while IndiaMART posted stronger Q1 FY27 earnings and plans working-capital finance. The roundup also covers Ather’s QIP, travel-tech funding, fintech acquisitions, lending growth and Cent’s diagnostic-centre expansion.

Reported figures

From the report. Source details below

IndiaMART Q1 FY27 net profit: ₹172.2 crore, up 12% YoY
IndiaMART Q1 FY27 operating revenue: ₹414.4 crore, up 11% YoY
IndiaMART generated 26 million business enquiries; supplier storefronts reached 8.8 million and paying suppliers 2.18 lakh
Ather raised about ₹1,300 crore through a QIP and plans a total ₹2,500 crore fundraise
Zaggle will acquire a 20% Unobanc stake for up to ₹7.97 crore
Vartis Platforms FY26 profit: ₹96.2 crore, up 183% YoY; operating revenue: ₹338 crore, up 43% YoY
Cent charges around ₹27,500 for its annual diagnostic protocol and plans 20-25 centres

Also in the report

  • Zerodha has 68 lakh+ users and purportedly accounts for 10% of retail and HNI AUM
  • 30 Sundays raised about $6.7 million (₹61 crore) in Series A funding

The source

Source Read the source at Inc42 Published

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