February 24, 2024

Online financial services platform Groww has an important scam alert for its subscribers. In a post from its official account on X, formerly Twitter, the stock broking platform has warned users about an account that is trying to impersonate the company. The account with the username @groww_support_ on X is said to be trying to scam people by claiming to be a support functionary of Groww. The Groww’s post to warn users is also titled ‘Scam Alert’.

The tweet clearly tells users that Groww has only one official account on X and that the same has a verified golden badge. Users have been cautioned against any other account claiming to be of Groww or linked to Groww.

The big ‘Scam Alert’
Here’s what the tweet says. “”Scam Alert: An account with the username @groww_support_ is impersonating us and trying to scam people. Please do not engage with this account. Our ONLY official X (formerly Twitter) account is @_groww with the verified golden badge. We’ve already taken action against the impersonator. Your safety is our top priority. Please stay cautious and report any suspicious activity to us. We’re here to help.”

Groww turned profitable in October 2023. The company registered Rs 1,277 crore in revenue in fiscal year 2023, a 266 per cent surge. The Zerodha rival reported a net profit of Rs 448.7 crore in FY23 against Rs 239 crore in net loss in the previous fiscal year.

The stock broking platform’s operating revenue more than tripled to reach Rs 1,277.8 crore in comparison to…

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