The markets regulator granted the approval to Mobikwik Securities Broking Pvt Ltd (MSBPL), a subsidiary Mobikwik launched in March to enter the stockbroking business, according to the exchange filing.
Sebi issued the certificate of registration on July 01, 2025, allowing MSBPL to conduct buying, selling, dealing, clearing and settlement of equity trades, Mobikwik said. With this, Mobikwik enters the segment led by Groww, Zerodha, AngelOne, Upstox and ICICI Direct.
“India has witnessed incredible growth in retail investor participation, and we believe our platform can help demystify investing for users taking their first steps into the markets. With this, we move a step closer to our goal of building a full-stack fintech platform that eases the adoption of digital financial services for the untapped populace of Bharat,” said Mobikwik cofounder and CEO Bipin Preet Singh.
The approval for Mobikwik comes as the largest stockbroking platform by active users, Groww, is looking to list on Indian exchanges. The company filed its draft red herring prospectus with the markets regulator in May. It is also planning to apply for an Online Bond Platform Provider (OBPP) licence and expand into offering corporate bond transactions through its mobile app, according to people in the know.
Earlier in April, Zaak ePayment Services Pvt Ltd received a certificate of authorisation from the Reserve Bank of India (RBI) to operate as an online payment aggregator.
