Archive · 17 Nov 2025
India's Retail Investor Boom: FYERS' Tejas Khoday on Next Wave and Startup Profitability
India has seen a big increase in people investing in the stock market since 2020.
Tejas Khoday, the boss of a company called FYERS, talked about how this trend will continue but might change a bit.
He thinks the next big thing in investing will be using computers to give personalized advice.
FYERS has grown a lot by focusing on serious traders and using good technology.
Khoday says to make a profitable startup, you should solve a real problem and be careful with money from the start.
India's retail investor base has deepened significantly since 2020, marking a structural shift in savings and capital market participation.
Tejas Khoday, CEO and Co-Founder of FYERS, expects retail participation to moderate and consolidate in the long run.
Khoday sees the next wave in domestic brokerage as digital advisory, combining AI and human insight for personalized investment guidance.
FYERS has remained bootstrapped and debt-free, attributing its strong growth to a focus on active customers and trading volumes, and a tech-first platform strategy.
Khoday advises startup founders to focus on sustainability and risk awareness, and FYERS competes on value and delivers precision trading tools.
- Who
- Tejas Khoday, CEO and Co-Founder of FYERS
- What
- Discussed the growth of retail investors, FYERS' business strategy, and advice for startup founders
- When
- In an interaction with Business Today
- Where
- Not specified
- Why
- To share insights on the market outlook, FYERS' growth, and entrepreneurial journey
- Company
- FYERS
- Founded
- Not specified
- Funding
- Bootstrapped and debt-free
- Revenue (FY25)
- Rs 300 crore
- Profit (FY24)
- Rs 70.70 crore