Moneycontrol Surpasses 10 Crore Unique Visitors in October, Strengthening Its Lead as India’s Premier Business News Platform
Mumbai, November 5, 2024 – Moneycontrol, India’s foremost digital financial platform, has reached a significant milestone by surpassing 10 crore (100 million) unique visitors in October 2024, according to data from Google. This landmark achievement cements Moneycontrol’s position as the country’s most trusted and comprehensive source for business news, market insights, and investment tools.
Widening the Gap with Competitors
The global digital measurement agency Comscore reports that in September 2024, Moneycontrol’s audience was 31% larger than that of The Economic Times, one of its key competitors in the financial news space. Furthermore, Moneycontrol’s page views in September were nearly 40% higher, while the average time users spent on the platform reached a record 407.48 million minutes. These metrics highlight Moneycontrol’s strong ability to engage audiences and sustain their interest in its authoritative content and tools.
A Winning Combination of Content, Data, and Tools
Moneycontrol’s success stems from its unique blend of real-time stock market data, financial tools, exclusive research, and timely business news that resonates with investors and market participants. This powerful combination is further enhanced by the platform’s seamless integration of transaction capabilities, making it more than just a news source but a comprehensive ecosystem for financial decision-making.
Growth of Moneycontrol Pro and Mobile App
Adding to its rapid growth, Moneycontrol Pro, the platform’s premium subscription service, recently crossed the 1 million subscriber mark. This milestone places Moneycontrol Pro among the world’s top 15 digital news subscriptions and India’s largest in the business and finance category. Its performance rivals international heavyweights like the Financial Times and China’s Caixin.
Since its launch five years ago, Moneycontrol Pro has continuously introduced innovative features aimed at empowering investors with cutting-edge market intelligence and personalized insights. Simultaneously, the Moneycontrol app boasts over 70 lakh (7 million) active users monthly, further reflecting the platform’s expanding footprint in the digital financial services domain.
Industry Recognition and Future Outlook
Adil Zainulbhai, Chairman of Network18, the parent group of Moneycontrol, hailed the milestone as “monumental,” emphasizing that it underscores the high level of consumer trust in Moneycontrol’s market data, tools, and content. “These offerings help our users invest their money more intelligently,” he added.
Nalin Mehta, Managing Editor of Moneycontrol, commented, “The fact that over 10 crore people chose to use Moneycontrol in just one month is a great vote of confidence in the quality of our content and the value it delivers to retail investors seeking to make informed investment decisions.”
Expanding Beyond News
In addition to news and market data, Moneycontrol is broadening its presence in the fintech space. The platform now offers a range of financial products and services, including personal loans, fixed deposits, bank account management tools, and credit scoring facilities. This development positions Moneycontrol as an unparalleled comprehensive financial ecosystem for users across India.
About Moneycontrol
Moneycontrol, part of Network18, has been a pioneer in delivering timely market information and actionable financial content to millions of users since its inception. Its award-winning digital services empower investors, traders, and financial enthusiasts with precise data, analytics, and tools necessary for smart investing.
For more news, market updates, and expert insights, visit Moneycontrol.com or download the Moneycontrol app to stay connected with the latest in the world of finance.
This article is published by Smart Money Mindset, bringing you the latest and most reliable updates from India’s financial markets.