Australian investors can now access India’s stock market through a newly launched investment platform that aims to simplify investing in one of the world’s fastest-growing major economies.
Investment app Indus has launched in Australia, allowing retail investors to invest directly in Indian stocks and mutual funds without requiring an Indian bank account.
The launch marks the company’s expansion into Australia after entering New Zealand last year. Indus recently completed a AUD$2.8 million seed funding round led by Zerodha, one of India’s largest retail brokerage firms.
Founder and chief executive Jai Goradia said Australia presented a strong opportunity due to its established investing culture and large Indian-Australian community.
“Australia has a sophisticated retail investing culture and one of the largest Indian diaspora populations in the world,” says Goradia. “Together they create strong demand – not just from people with personal ties to India, but also investors looking to diversify into rapidly-growing global markets.”
Indus operates under an ASIC-regulated financial services provider and is licensed by the Securities and Exchange Board of India (SEBI). The company says Australians can complete the investment process digitally using local identification.
The platform enters the market as interest in India’s economy continues to grow. India is now the world’s fourth-largest stock market by market capitalisation and is forecast to record economic growth of between 6.8 and 7.2 per cent in the 2027 financial year.
Goradia said early interest from Australian investors exceeded expectations.
“We opened a limited waitlist of 1000 people to gauge interest in Australia, and it filled within 48 hours” says Goradia. “It mirrored the demand we saw in New Zealand – where we grew to 15,000 users in our first year alone – confirming that now really is the time to bring that success across the ditch.”
The idea for Indus emerged from the founders’ own difficulties trying to invest in India while living overseas.
At the time, India’s sharemarket was producing strong returns, but access for offshore investors remained complex and time-consuming.
“The returns were sitting right there, but investing was a bureaucratic nightmare,” says Goradia. “It required travelling to India, endless paperwork, and a 30-plus-day wait just to open a bank account. There was no straightforward way for Indians — or anyone, really — living overseas to invest in India.”
“We opened a limited waitlist of 1000 people to gauge interest in Australia, and it filled within 48 hours”
“If we were struggling with this, there had to be millions of others with emotional, familial, or economic ties to India who were effectively locked out from one of the best wealth-building stories of our generation.”
The company believes growing interest in India among global investors is being driven by the country’s expanding economy, rising consumer market and increasing influence in global financial markets.
India’s mutual fund sector is valued at approximately AUD$1.29 trillion and is forecast to reach AUD$1.8 trillion by 2031.
Goradia said the company’s objective is to make investing in India as straightforward as investing domestically.
“This growing market has been visible to people offshore for a long time, but largely out of reach without institutional-grade infrastructure,” Goradia says. “Our goal at Indus is to remove the barriers and make investing in India as seamless as investing at home.”
He said many Australian investors have watched India’s growth story from a distance but have lacked practical access to the market.
“India’s booming market is currently sitting behind a locked door,” says Goradia, “and we’re about to give Australians the key.”
The launch comes as Australian investors continue seeking international diversification opportunities beyond traditional markets such as the United States, Europe and Australia.
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