Zerodha

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Zerodha Broking Ltd. is an Indian financial services company (member of NSE, BSE, MCX, MCX-SX ), offering institutional and retail brokerage, currency and commodity trading, mutual funds and bonds. Founded in 2010, the company is headquartered in Bengaluru and has a physical presence in many major Indian cities.[1]

Story[edit]

The company was founded in August 2010 by two brothers Nithin and Nikhil Kamath. The name chosen falls on Zerodha, indicating a combination of words for corporate ideals: Zero and "Rodha", the Sanskrit word for "barrier".

As of 2019, Zerodha was the largest retail stock broker in India by active client base and contributes up to 2% of daily retail volumes on Indian stock exchanges.[2]

Zerodha is also an investor in Kofluence, an AI-driven adtech influencer marketing platform. The company had raised pre-series funding of $4 million as of February 8, 2022.[3]

In June 2020, Zerodha joined the "unicorn club" with a self-valuation of approximately $1 billion. This valuation was based on the ESOP buyback exercise that the company undertook by valuing each share at more than four times the book value of ₹700 per share.[4]

Company[edit]

A fixed commission of up to ₹20 is applied to a trade, regardless of its size, and offers its retail clients a host of purpose-built trading applications.

Zerodha has a base of more than 12 lakh (12x10 5 = 1,200,000) of active customers.Ltd. Zerodha Commodities Pvt. The company also offers commodity trading through its wholly owned subsidiary.[5]

Won the "Economic Times Startup Awards 2016" in the "Bootstrap Champ" category. The company also won the award BSE - D&B "Emerging Equity Broking House Award" in 2014 and 2015 and the NSE "Retail Broker of the Year" in 2018.[6]

Rainmatter[edit]

In 2014, Rainmatter was founded as an early-stage fund with a corpus of ₹50 Crore. By keeping the ticket size under $1 million per investment, the fund focused on reducing risk but focused on financing start-ups in new technology and new product development. Some notable investments of Rainmatter are in startups such as Cred, Finception, Smallcase and Sensibull.[7]

True Beacon and AMC mutual fund[edit]

In 2019, Zerodha started True Beacon, the Alternative Investment Fund focused on providing returns in volatile markets through their defensive investment strategy. The $2 million minimum investment fund was able to generate a return of more than 13% in its first year. In 2020, Zerodha applied for a license to set up an AMC mutual fund in India.[8]