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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.<ref> | 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.<ref>https://cio.economictimes.indiatimes.com/news/strategy-and-management/technology-helps-us-unleash-innovation-in-capital-markets-zerodha-cto-kailash-nadh/63589744</ref> | ||
==Story== | ==Story== | ||
Revision as of 16:06, 15 December 2023
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
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
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[13] (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.[17] 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
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
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]
- ↑ https://cio.economictimes.indiatimes.com/news/strategy-and-management/technology-helps-us-unleash-innovation-in-capital-markets-zerodha-cto-kailash-nadh/63589744
- ↑ https://timesofindia.indiatimes.com/business/india-business/zerodha-replaces-biggies-as-largest-broker-in-india/articleshow/67462967.cms
- ↑ https://newsazi.com/zerodhas-kamath-leads-4mn-fundraise-by-marketing-tech-platform-kofluence/
- ↑ https://inc42.com/buzz/zerodha-claims-unicorn-valuation-in-esops-buyback-plan/
- ↑ http://www.forbesindia.com/article/tycoons-of-tomorrow/nithin-and-nikhil-kamath-code-zero/51347/1
- ↑ https://zerodha.com/z-connect/zerodha/bulletin-latest-at-zerodha/zerodha-indias-best-retail-brokerage-for-2018-by-nse
- ↑ https://tech.economictimes.indiatimes.com/news/startups/zerodhas-rainmatter-invests-rs-4-crore-in-finception/71279236
- ↑ https://economictimes.indiatimes.com/markets/stocks/news/zerodha-applies-for-mutual-fund-license/articleshow/74223016.cms