Zerodha

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.

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.

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.

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.

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 (12x10 5 = 1,200,000) of active customers.Ltd. Zerodha Commodities Pvt. The company also offers commodity trading through its wholly owned subsidiary.

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.

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.

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.