Nikhil and Nithin Kamath, co-founders of Zerodha, have paid INR 250 crore to purchase a minority interest in InCred Holdings Limited, which is the parent company of InCred Financial Services Ltd (IFSL).
This is in advance of InCred’s anticipated first public offering later this year. IFSL is a tech-enabled NBFC that specialises in financing for SMEs, consumers, and educational institutions.
Since its establishment in 2016, the business has served clients throughout India by utilising data science, risk analytics, and digital-first operations. According to investor and entrepreneur Nikhil Kamath, the credit ecosystem in India is rapidly evolving, becoming more formal, digitised, and easily accessible.
He went on to say that it appears that InCred Group was aware of this fluctuating pulse rate. They have a solid staff, prioritise technology, and have a clear idea of the market’s future. Supporting them is an investment in that larger change—and the conviction that responsible lending can grow without sacrificing its core values.
InCred’s IPO and Funding Till Now
InCred is reportedly aiming for an IPO valuation between INR 15,000 crore and INR 22,500 crore. Through the IPO, it hopes to raise between INR 4,000 and 5,000 crore.
In 2023, the business joined the unicorn club with a $1.04 billion valuation. Manipal Education and Medical Group, owned by Ranjan Pai, is one of its investors.
An additional INR 1,000 crore was allotted to start-up funding by Rainmatter Capital, an investment arm supported by Zerodha, according to Nithin Kamath’s 2023 announcement.
In order to assist financial startups, Rainmatter was founded in 2016. Nithin Kamath stated, “We have invested INR 400 crore in 80 start-ups so far.”
Yet to Finalise Bank for the IPO
Despite worldwide market turbulence that has affected fundraising plans and caused a media agency to speculate last week that InCred Financial’s IPO may be delayed, the company is still exploring selling its shares.
Despite such market fluctuations, UBS Group AG is becoming more optimistic about Indian stocks, moving the market from underweight to neutral due to its defensive appeal.
In an interview with a media outlet earlier this month, the chief investment officer of InCred Financial’s credit division, InCred Alternative Investments, stated that the company intends to raise 15 billion rupees through a new fund in order to meet the demand for private lending.
Bhupinder Singh launched InCred Financial in 2016, and it specialises in financing for small businesses, retail customers, and educational institutions. In 2022, the company announced a cooperation with KKR India Financial Services Ltd.
The way we save, invest, and exchange money is changing as a result of technological advancements in today’s lightning-fast financial industry. The pioneering force behind this transformation is fintech, an abbreviation for financial technology. When it comes to the stock market and online broking, Zerodha is what comes to the mind of an Indian. Zerodha is the most prominent and the leading discount brokerage company, founded in 2010. The company is the first-ever stock brokerage company that gave rise to discount brokerage options for investors as well as traders.
Today, Zerodha is the biggest brokerage company in India with a client count above 5 million. It is also known as the Robinhood of India.
The company contributes over 15% to every retail order volume in India on a daily basis through trading and investing in various stocks, Commodities, F&O, IPOs, and others. In this article, we have briefly discussed the business model and revenue model of Zerodha. Let’s get started!
About Zerodha
Zerodha is an Indian fintech startup that has been shaking up the conventional brokerage sector since its founding in 2010 by brothers Nithin Kamath and Nikhil Kamath. The company’s name represents its objective to remove hurdles and democratize finance. It is a mix of “Zero” and “Rodha,” the Sanskrit words for obstacles.
The largest online brokerage firm in India, Zerodha is widely famous for its discount brokerage option. Zerodha offers financial services with the main motive of providing low-cost services to customers. Zerodha is a significant member of BSE, MCX-SX, and NSE, which provides broking services to the traders of the stock market.
Zerodha is headquartered in Bengaluru and has a huge customer base. Zerodha is the first discount broker in India because of this, it gained huge support from the audience.
An essential part of Zerodha’s success has been its dedication to offering traders and investors products that are affordable, easy to use, and driven by technology. Belief in creating a world without brokers is Zerodha’s motto. The financial market players will benefit greatly from this ideology. In addition to meeting the unique demands of each client, the organization strives to offer cheap trade services and first-rate customer service. Using cutting-edge innovation, innovative ideas, and unparalleled customer service, Zerodha aims to build a world without brokerages.
Besides, the most intriguing thing about Zerodha is that it always comes up with brilliantly innovative ideas supported by several strategic and definite efforts. Zerodha runs with the tagline of “The Free Trade Zone“.
Moreover, Zerodha offers tons of open online education and community programs that uphold retail traders as well as investors.
Fintech platforms like Smallcase, Streak, Sensibull, Quicko
Technology service providers
Regulatory bodies like SEBI
Key Activities
Running trading platforms (Kite, Console)
Brokerage and margin trading operations
Developing fintech tools and APIs
Educating users through Varsity
Value Propositions
Zero brokerage on equity delivery trades
Flat ₹20 fee for intraday and F&O trades
Transparent and simple pricing
User-friendly tech tools and mobile platforms
Free mutual fund investment via Zerodha Coin
Customer Relationships
Self-service platform with online tutorials and support
Transparent reports and statements
Community building via social media and Varsity
Quick issue resolution through online support
Customer Segments
Young salaried professionals (below 30 years)
First-time investors
Active intraday and F&O traders
Tech-savvy developers and fintech enthusiasts
Key Resources
Trading and account management platforms (Kite, Console)
Kite Connect API
Skilled technology and support teams
Regulatory licenses and compliance systems
Channels
Zerodha website and mobile app
Social media platforms like Instagram, Twitter
Referrals and financial influencers
Educational platform Varsity
Cost Structure
Technology development and maintenance
Employee salaries and operations
Compliance and legal costs
Customer acquisition and marketing
Revenue Streams
Brokerage fees on intraday and F&O trades (up to ₹20/order)
Interest income from margin trading
Demat account DP charges
Subscription fees from partner tools (e.g., Streak, Smallcase)
Float income from idle client funds
Annual account maintenance charges (₹300/year)
Where does Zerodha operate?
Zerodha is a financial service company that offers various retail and institutional-based brokerage, bonds, mutual funds, and currency & commodities trades. Zerodha operates in various states of India, including Hyderabad, Bengaluru, and Pune.
Key Products and Services of Zerodha
The broking limited company, Zerodha, offers tons of key products to its customers. These products include Console for account management, Kite for trading platforms, Varsity for financial education, Quicko for the traders in Tax stems, Coin for Free Mutual Fund, Kite Connect API for the developers, Kill Switch for the risk management for retail traders, and Sentinel for the cloud-based market alert tool.
Zerodha majorly targets its potential audience in Pune, Bengaluru, and Hyderabad based on the average age group of people below 30 years. It focuses on those below 30 people who are new to their jobs and have already started saving from their salaries and are searching for better saving and investing methods to increase their money effectively. With its incredible services and products, it has gained over a million active users.
Zerodha Business Model
The most significant thing about the business model of Zerodha is the success and popularity it gained among the audience. Zerodha offers a very convenient service to its customers, because of which it gained absolute success in the strenuous market as well.
Zero Brokerage Model
When it comes to equity delivery deals, Zerodha stands out due to its zero brokerage strategy. This is a great alternative for long-term investors since it allows investors to purchase and hold equities without paying brokerage fees. They make money from many categories, including intraday trading, futures, and options, and others, by collecting a flat fee on each deal.
Transparent Pricing
Another important part of Zerodha’s business model is transparency. Importantly, being a fintech company they offer a straightforward pricing system. To prevent unpleasant unexpected events, traders can determine their trading costs in advance. Customers trust them more because of this openness, and they distinguish themselves from more conventional brokerages that have convoluted pricing structures.
Zerodha USP
The entire business model of Zerodha is very transparent and has no hidden costs later on. It lets you know all your transactions and also provides a quick tutorial on online trading.
It keeps all the information transparent and open to the customers. These facets help the company more vibrantly and gain more significant clients for trading.
The USP of Zerodha is its zero brokerage concept. Traders don’t need to pay to trade stocks if they plan to keep them for longer than a day. There is no brokerage fee; all the trader has to do is pay their taxes. Brokerage fees from intraday and derivatives trading are Zerodha’s main source of revenue. For FNO trading, Zerodha has a fixed brokerage fee of INR 20 per order.
Zerodha is the biggest trading network with the highest number of active users in India. People across India use Zerodha for investing and trading. Zerodha revenue sources include brokerage fees, interest on margin funding, and income from partner platforms and technology services. The company charges only Rs. 20 (or 0.03%) for every F&O and intraday capital trade.
Although its charge is pretty low, as a huge number of transactions take place, the company gains enough profit. Besides the account maintenance, it charges Rs. 300 annually.
From the records of the past few years, Zerodha experienced rapid growth. This results in the 2% contribution of investors in the stock exchange. This, later on, boosts the revenue of the company. With this revenue source, Zerodha raised its valuation worth $1 billion. The valuation of Zerodha is around $3.6 billion (2023).
Along with stock trading, Zerodha also provides a platform called Zerodha Coin where users may invest in mutual funds without paying a commission. Numerous clients seeking an easy method to put their money into mutual funds have taken advantage of this service. The larger movement towards digital wealth management and the use of the term “hire a fintech developer” to describe the process of creating and managing such systems is congruent with this.
Zerodha Financials
Particulars
FY24
FY23
FY22
FY21
Revenue
INR 9,994.5 Cr
INR 6,877.1 Cr
INR 4,964 Cr
INR 2,729.6 Cr
Expenses
INR 3,119.3 Cr
INR 2,992.7 Cr
INR 2,165.1 Cr
INR 1,260.2 Cr
Profit after Tax
INR 1,122 Cr
INR 2,094 Cr
INR 2,907 Cr
INR 4,700 Cr
Revenue Model of Zerodha
Zerodha has shown consistent growth in revenue and profit over the last few years. In FY24, the company saw significant growth in revenue and profit, continuing its upward trajectory from FY23.
Zerodha Revenue Breakdown:
Particulars
FY24
FY23
Revenue from operations
INR 9,372.2 crore
INR 6,832.8 crore
Other income
INR 622.3 crore
INR 44.3 crore
Total revenue
INR 9,994.5 crore
INR 6,877.1 crore
Zerodha’s revenue has consistently increased over the last few years, with a notable spike in FY24. Revenue from operations saw substantial growth, and other income showed a significant rise in FY24 compared to FY23.
Zerodha SWOT Analysis
Swot Analysis of Zerodha
Zerodha Strengths
Zerodha has shaken up India’s traditional brokerage market with its novel approach to trading, providing clients with commission-free trading.
Customers can rely on quick and dependable trading because of Zerodha’s powerful technological infrastructure.
To meet the demands of traders with varying skill sets, the firm has created several trading platforms and tools.
Thanks to its user-centric strategy and great customer service, Zerodha has a high customer satisfaction rating.
To meet the varied investing needs of its clients, Zerodha provides a comprehensive suite of financial products, including stocks, bonds, mutual funds, and derivatives.
Zerodha Weakness
The potential for growth and expansion is limited for Zerodha because its operations are limited to India.
Zerodha is at risk of cyber threats and system breakdowns because its business model is highly reliant on technology.
Brokerage fees and commissions are Zerodha’s only sources of income, which may lead to difficulties for the company down the road.
Zerodha Opportunities
Zerodha has a great chance for growth due to the continuously expanding population of retail investors and traders in India.
Zerodha has a golden opportunity to grow its business by taking advantage of the growing popularity of online shopping in India.
If Zerodha wants to diversify its revenue streams and access new markets, it might look into foreign expansion prospects.
Zerodha Threats
There is a lot of competition for Zerodha’s products and services from both well-established brokerage businesses and emerging startups.
Business operations and profitability at Zerodha are susceptible to changes in regulatory policies and guidelines.
Investor sentiment and trade volumes are influenced by economic uncertainty and market volatility, which in turn affect Zerodha’s revenue sources.
Even after this huge customer base, Zerodha is still working on expanding the company on a broad scale with a more significant client base. Nithin Kamath, the CEO of Zerodha, mentioned in an interview that he is aiming to take the company to a client base of 5-10 million in the upcoming years.
Zerodha believes in promoting its services, as the company hardly spends any money on advertising channels. The company holds a great reputation in the market because of its incredible services and customer interactions. This has resulted in the comprehensive and impeccable growth of the company.
Within the context of the Indian brokerage industry, Zerodha’s commission-free trading business model is characterized by an effective technological infrastructure, a high level of customer satisfaction, and diversified product offerings that offer significant value. These offerings are relatively uncommon and difficult to imitate, and a robust organizational culture supports them. This helps the company maintain its significant competitive advantage.
In the upcoming years, Zerodha is expected to grow even more and expand more promptly. Stay tuned for more updates!
FAQ
What does Zerodha do?
Zerodha Broking Ltd. is an Indian stock broker and financial services company. The company provides institutional and retail brokerage services, as well as currency and commodity trading. Additionally, Zerodha offers investment options in mutual funds and bonds.
Is Zerodha free?
Traders don’t need to pay to trade stocks if they plan to keep them for longer than a day. There is no brokerage fee; all the trader has to do is pay his taxes. For FNO trading, Zerodha has a fixed brokerage fee of INR 20 per order.
What are the strengths of Zerodha?
The strengths of Zerodha include commission-free trading, its technological infrastructure, versatile trading platform, high customer satisfaction, and its comprehensive financial products.
What is Zerodha business model?
Zerodha follows a discount brokerage business model, offering low-cost trading services in stocks, commodities, and currencies. It charges zero brokerage on equity delivery trades and a flat fee of ₹20 per order for intraday and F&O trades. The company earns revenue from brokerage fees, interest on margin funding, and its tech platforms like Kite and Coin. By focusing on technology and low costs, Zerodha has attracted a large base of retail investors.
How Zerodha earns money?
Zerodha earns money through brokerage fees on intraday and F&O trades, charging up to INR 20 per order. It also makes money from interest on margin funding, DP charges when clients sell shares, and subscription fees for premium tools like smallcase and Streak. Additionally, it earns float income from idle client funds.
The boom of the stock market has been skyrocketing since the 2000s. Imagine a player coming in and letting the traders trade barrier-free. Yes! That has been a reality with Zerodha since 2010 when it was founded by brothers Nithin and Nikhil Kamath.
Headquartered in Bangalore, Zerodha is a financial service company that is registered with the Securities & Exchange Board of India (SEBI) and a member of NSE, BSE, and MCX-SX, built to provide brokerage facilities to the stock market traders. All in all, Zerodha is an online discount broking company that aims to lower the costs for their clients, something that is crucial in deciding the long-term profitability of the trader trading in the stock markets of the country. Zerodha’s journey is a story of revolutionizing India’s stockbroking industry through innovation and accessibility.
Read about Zerodha’s Story, its History, Journey, Business Model, Revenue Model, Founders, Growth, Competitors, and more in the article ahead.
A Bangalore-based fintech/financial services company, Zerodha offers retail stock brokerage facilities at discounted rates along with other opportunities for currency and commodity trading, mutual funds, and bonds.
Zerodha – How it Works?
The company works on the idea of discount broking, which means that it charges a reduced commission or low brokerage on the transactions to ideally attract investors to use this platform. This makes Zerodha famous amongst the traders and is the main reason behind Zerodha having an active client base of 6.3 million.
Zerodha has the first-mover advantage as it was the first discount broker in the country. “Zerodha was incorporated to make trading barrier-free; so is its name, Zerodha, i.e., No Obstructions,” says Nithin Kamath. Another important reason for the highly surging growth of Zerodha is that it puts in constant effort and keeps coming up with innovative ideas and unique strategies, all of which have helped Zerodha get an edge over its rivals.
Zerodha – Founders and Team
The founders of Zerodha are two brothers, namely Nithin Kamath and Nikhil Kamath.
Nithin Kamath
Nithin Kamath Zerodha Founder and CEO
Nithin Kamath, Founder and CEO of Zerodha and Rainmatter Foundation, a non-profit initiative by Zerodha with an aim to improve environmental sustainability, is the older of the two founder brothers of Zerodha. Nithin is an alumnus of the Bangalore Institute of Technology.
After completing his studies, he was initially self-employed as a Proprietary Trader and later served as a Senior Telesales Executive at Manipal Infocom and as a Partner at Kamath Associates. Nithin eventually collaborated with his younger brother, Nikhil Kamath, to find Zerodha.
Nikhil is the younger Kamath brother, who is the Co-Founder of Zerodha along with being the Co-Founder of True Beacon, an asset management firm dedicated to the service of the ultra-rich. Nikhil dropped out of school when he was only 16, after Class 10.
Always keen on trading, Nikhil started with the used cellphone business first when he started selling old cell phones while in the 10th grade. He soon joined a call center after dropping out of school at 17 and started equity trading at the same time in his leisure. Nikhil eventually started managing some money from his friends and colleagues as well, which helped him gain his initial experience in asset management.
He then quit his call center job and started auto trading with his brother, and they eventually founded Zerodha together. Nikhil is known as a brilliant trader. At Zerodha, he manages the prop trading desk, risk management, and everything related to trading.
The company has 501–1,000 employees, as per LinkedIn.
The founder and CEO of Zerodha, Nithin, has been trading in the Indian stock market since the age of 17. Nithin attended an engineering college and then went on to become an entrepreneur. During his college years, he spent considerable time trading in the stock market, and that forced him to take up a job at the call center. Hence, he worked at the call center during the night and saved the daytime for trading.
“I did this, working-trading, for almost 3 years during 2004-5, post which, I quit my job when I got my first client who asked me to manage money for him after looking at the positive returns on my trading account,” says Nithin Kamath.
Though Nithin managed to make quite a fortune by trading in stocks, he lost a significant amount of money in the stock market crash of 2001-02. However, he eventually landed a cheque from a foreign HNI to manage his money, which he did along with landing a job at Reliance Money, where he served as a sub-broker.
Within a very short span, Nitin managed to get many big clients for Reliance Money. At Reliance Money, Nitin was one of the most successful sub-brokers, breaking volumes of more than 1000 sub-brokers at once.
“But as a trader, I was still finding something missing with the way RMoney was working, not really what a trader requires. That is when we decided to start Zerodha,” added Nithin.
Nithin again lost a considerable amount of money in the market crash during the global financial crisis of 2008-09. After this, he decided to change ways and started to develop an idea of building a company that will provide online stockbroking services for all the traders of the country, which will be simple to use and affordable.
Rise of Zerodha
Zerodha – Startup Launch
After the founders, Nikhil and Nitin, founded Zerodha, it took a long time for them to establish a market standing. It was a slow transition that happened over the last decade. Zerodha, in its first year, opened 3,000 accounts. In India, when the cost of any product or service is less, people generally start questioning the quality. And that was the biggest milestone for the Zerodha founders to conquer. As a result of this, they built a community that also helped them in the long run. Even today, Zerodha doesn’t spend any money on advertising.
The focus on building a community for the traders helped Zerodha. This was because the initial doubts of the traders towards Zerodha’s discount broking model stemmed from the fact that retail investors were often clueless about what stocks should be bought or sold and did not ideally offer any research services. To counter this challenge, Zerodha launched Varsity. Varsity is a learning module that has become immensely popular. It ran Trading Q&A, an active forum where traders and investors were able to discuss stock ideas.
Over time, Zerodha used technology heavily to differentiate itself from the rest of the market. Zerodha also went on to launch Coin, which is an online platform to buy mutual funds directly.
Zerodha is firmly committed to working towards the vision of creating a world without any brokers, which will hugely benefit the stakeholders when it comes to the financial markets. Furthermore, the company is equally committed to providing the best possible customer experience with the help of a support and service that can be highly personalized.
Zerodha envisions creating a brokerage-free world.
Zerodha – Name and Logo
“What’s in a name?” William Shakespeare once said, and this is what Zerodha is likely proving with its wide success. Zerodha founder Nithin Kamath indicated the same in a recent post when a LinkedIn user was confused with the naming of the company. Check out the LinkedIn post below to have a quick glimpse into the same.
The name “Zerodha” is an English-Sanskrit portmanteau word consisting of “Zero” in English and “Rodha” (Barriers or Obstructions) in Sanskrit, to sum up as “No Obstructions.” This name of the company directly signifies the birth of the challenge-free online stock-broking platform that Zerodha is!
Zerodha – Products and Features
Zerodha products and features are:
Kite
It’s a modern browser-based trading tool with a wide range of order types, advanced charting, keyboard shortcuts, and streaming quotations that provides a seamless trading experience.
Zerodha has introduced a ‘privacy mode’ on its Kite trading website, allowing users to hide real-time profit and loss (P&L) changes. This feature was launched on 22 August 2024. The feature aims to reduce distractions and the temptation to overtrade. Currently available only on the Kite website, the feature will soon be added to the Kite app as well.
Zerodha Kite Web was launched in November 2015, and the Kite App was launched in November 2019.
Console
The Zerodha console is a dependable back-office platform created for their esteemed clients. It acts as a vital reporting dashboard, allowing users to easily keep track of and manage all of their investments.
Coin
It’s the finest platform for hassle-free and cost-free direct mutual fund investments. Over 40 mutual fund houses’ thousands of equity, debt, hybrid, and ELSS tax-saving schemes are available on the platform. Zerodha Coin Web was launched in April 2017.
Kite Connect API
The Zerodha Kite Connect API offers a number of capabilities for developers to create trade applications and interface them with Zerodha’s trading platform.
Varsity Mobile
Zerodha Varsity Mobile is a free online tool designed to teach people about stock market trading and investments. It is accessible online via a website or a mobile app.
Zerodha – Business Model
The business model of Zerodha works on a ‘low margin and high volume model.’ Zerodha charges a very minimal amount to the traders for transactions, because of which the trading volume is generally high. This fee collection of smaller amounts from a larger number of clients leads to good revenue generation for Zerodha. Also, one more factor aiding high profit margins for the company is operational costs. They are quite low for Zerodha as compared to some of the top brokers because of its online structure, which allows it to maintain low operational costs.
Zerodha has finally gotten approval from the SEBI (Securities and Exchange Board of India) to offer mutual fund services, said Zerodha co-founder Nithin Kamath via his Twitter handle. The company had applied for the license for the same in February 2021. This will help Zerodha launch its asset management company, AMC, and is surely another feather in its cap.
“Passive, simple, cheap index-traded funds will be on offer. Mutual fund products need to be simplified to attract investments from young investors,” said the co-founder and CEO of the brand, Nithin Kamath.
The revenue model of Zerodha can be summed up as follows:
Commission and Fixed Fee Structure: Unlike full-service brokers, who normally charge a percentage of the deal value, Zerodha charges a fixed fee for intraday and futures and options (F&O) trades. Zerodha charges a maximum brokerage of INR 20 for every transaction, regardless of the value of the transaction.
Volume-based Revenue: Drawing a lot of transactions to its platform is Zerodha’s main goal. By providing high-quality goods at a competitive price, their goal is to make money from the sheer number of trades. Despite charging a set fee for each transaction, the daily total money generated by millions of transactions can be rather large.
Startup Incubation: Rainmatter, a subsidiary of Zerodha, acts as a startup incubator for companies in the banking sector. Profitable businesses like CRED, LearnApp, Smallcase, Streak, Tradelab, and CRED all provide revenue to Zerodha in different ways, like equity investments, revenue-sharing contracts, or acquisitions.
Mutual funds and True Beacon: To broaden its portfolio of products, Zerodha introduced True Beacon, an alternative investment fund that targets high-net-worth individuals (HNIs) with a $million minimum investment. Zerodha aims to enter the mutual fund industry and has applied for a mutual fund AMC license as a result of True Beacon’s success.
Zerodha – Shareholding
Zerodha’s shareholding pattern as of March 2023, sourced from Tracxn:
Zerodha Shareholders
Percentage
Nithin Kamath
41.0%
Nikhil Kamath
36.4%
Seema Patil
14.7%
Fund
0.1%
Straddle Capital
0.1%
Rainmatter
–
Austin Global Ventures
–
Other People
0.3%
ESOP Pool
7.5%
Total
100.0%
Zerodha Shareholding
Zerodha – ESOPs
Zerodha created a new ESOP pool for its employees as of November 1, 2021. Under this ESOP Plan 2021, the company has allocated around 7,00,000 options, as per the regulatory filings of the company with the Registrar of Companies (RoC).
The company then issued another ESOP pool that is estimated to be worth around Rs 100 crore at the beginning of Q3 2022.
Zerodha – Challenges Faced
Zerodha, while a prominent player in India’s brokerage landscape, confronts notable challenges, notably technical glitches during periods of heavy trading, and diminishing customer satisfaction. Its customer service system also lags below that of other top brokers.
In contrast to its rivals, Zerodha does not provide important informative resources like news alerts and daily reports, which reduces investor attraction. But Nithin Kamath, the company’s founder, is aggressively resolving these problems. The goal of features such as the nudge feature is to provide traders with well-informed tools for making decisions.
One such tool is the killswitch, which is used to stop losses from occurring continuously. Challenges remain despite efforts; Kamath predicts a possible market correction and an ensuing slowdown in growth in the upcoming months. To preserve its reputation in the brokerage sector, Zerodha is still dedicated to improving the customer experience and overcoming these challenges.
Zerodha – Investments
Zerodha has invested in five companies to date.
Below are the details of the Zerodha investment:
Date
Company Name
Funding Round
Amount
March 27, 2024
Subko Coffee
–
–
Aug 10, 2023
Rainmatter Capital
Venture Round
Rs 1,000 crore
May 10, 2023
Castler
Seed Round
$5 million
Dec 1, 2022
RBL Bank
POST-IPO Equity
–
Apr 26, 2022
Actlogica
Seed Round
–
According to various news reports, Zerodha has exited RBL Bank.
It has 75+ branches and partner offices as of March 2024
Over 1+ crore clients place millions of orders every day as of March 2024
It is trusted by over 1.3 crore customers in the Google Play Store as of March 2024
It has 6.4 million active customers as of October 2023
Zerodha – Financials
Zerodha has shown consistent growth in revenue and profit over the last few years. In FY24, the company saw significant growth in revenue and profit, continuing its upward trajectory from FY23.
Particulars
FY24
FY23
FY22
FY21
Revenue
INR 9,994.5 Cr
INR 6,877.1 Cr
INR 4,964 Cr
INR 2,729.6 Cr
Expenses
INR 3,119.3 Cr
INR 2,992.7 Cr
INR 2,165.1 Cr
INR 1,260.2 Cr
Profit after Tax
INR 1,122 crore
INR 2,094 crore
INR 2,907 crore
INR 4,700 crore
Zerodha Financials
Zerodha has announced revenues higher than INR 8,370 crore and profits of INR 4,700 crore for FY24, as shared in a blog post by co-founder and CEO, Nithin Kamath. This marks a 22% increase in revenue and a 62% rise in post-tax profit compared to the INR 6,875 crore in operational revenue and INR 2,907 crore in profit reported for FY23. The company has yet to file its audited annual report.
In FY23, Zerodha reported a 38.5% increase in revenue, reaching INR 6,875 crore. Profits also grew by 39%, totaling INR 2,907 crore for the year.
Zerodha Revenue:
Zerodha’s revenue has consistently increased over the last few years, with a notable spike in FY24. Revenue from operations saw substantial growth, and other income showed a significant rise in FY24 compared to FY23.
Particulars
FY24
FY23
Revenue from operations
INR 9,372.2 crore
INR 6,832.8 crore
Other income
INR 622.3 crore
INR 44.3 crore
Total revenue
INR 9,994.5 crore
INR 6,877.1 crore
In FY24, Zerodha’s total revenue increased by approximately 45% compared to FY23. The main contributor was the revenue from operations, but other income also saw a significant rise.
Zerodha Expenses:
Zerodha’s expenses grew in FY24 compared to FY23, but the company’s profit still grew substantially. The biggest increase was seen in operational costs, which rose as revenue increased.
Particulars
FY24
FY23
Total expenses
INR 3,119.3 crore
INR 2,992.7 crore
Employee benefit expense
INR 474 crore
INR 623.2 crore
Finance costs
INR 1.9 crore
INR 1.2 crore
Amortization & Depreciation
INR 24.4 crore
INR 20.4 crore
Other expenses
INR 2,619 crore
INR 2,347.9 crore
Zerodha’s expenses increased in FY24, mainly due to higher operational costs, which grew by approximately INR 271.1 Cr compared to FY23.
Zerodha Profit/Loss:
Zerodha’s profit before tax and profit for the year both saw significant growth in FY24. The company’s net profit increased substantially, reflecting the growth in revenue.
Particulars
FY24
FY23
Profit before tax
INR 7,051.7 Cr
INR 3,884.4 Cr
Profit for the year
INR 5,493.4 Cr
INR 2,904.5 Cr
Zerodha’s profit for FY24 saw a notable increase of approximately 89% compared to FY23, reflecting the company’s strong financial performance.
Quick Summary:
Revenue: Significant growth of 45% from FY23 to FY24 (INR 9,994.5 crore in FY24).
Expenses: Operational costs rose with increased revenue, but profit growth outpaced expense increase.
Profit: Net profit increased by 89% in FY24, reaching INR 5,493.4 crore.
Zerodha – Awards
Zerodha won several awards; some of the prominent ones are:
In the second Unicorn Premier League (UPL) tournament, which was played in Bangalore, Zerodha triumphed against Flipkart by a margin of six wickets to win the championship, as per the news report of February 28, 2024.
Nikhil Kamath, the founder of Zerodha, received the 2023 CK Prahalad Next Practice Entrepreneur Award and the Kempegowda 2023 Award.
Nikhil Kamath also won the Entrepreneur of the Year Award at the Economic Times Awards in 2023.
Zerodha – Competitors
Zerodha faces some cutthroat competition in the market. It is competing with other discount brokers like Upstox. Simultaneously, Zerodha also faces serious competition from full-service brokers, which are huge and popular among traders, such as HDFC Securities, Kotak Securities, Motilal Oswal, etc.
Zerodha plans to expand its financial education efforts, with a focus on multilingual tools and resources. The company aims to offer personalized investment solutions using AI, while also broadening its range of ESG and green investment options. Enhancing user experience through improved platform design, exploring blockchain for better transparency and security, and launching initiatives to support underserved communities are key goals for the future.
FAQs
Who are the founders of Zerodha?
The founders of Zerodha are two brothers namely Nithin Kamath and Nikhil Kamath.
What is Zerodha?
Zerodha is a financial service company and a member of NSE, BSE, and MCX providing brokerage facilities to stock market traders. It is an online Discount Broking company.
How Zerodha started?
Zerodha was founded in 2010 by Nithin and Nikhil Kamath. The brothers started the company with the aim of providing low-cost, technology-driven trading solutions. Zerodha’s focus on offering discounted brokerage fees and an easy-to-use platform quickly attracted retail investors, leading to rapid growth in the Indian stock market.
When was Zerodha founded?
Zerodha was launched in 2010.
Who are the Top Competitors of Zerodha?
Zerodha’s top competitors are :
Upstox
SAS Online
IIFL
Finvasia
Angel Broking
Beeline Broking
TradingBells
Karvy Stock Broking
Sharekhan
Motilal Oswal
HDFC Securities
ICICIdirect
How does Zerodha make money, what is Zerodha Revenue Model?
Zerodha generates revenue through its commission and fixed fee structure. Its Rainmatter-led business incubation program also generates revenue through revenue-sharing agreements and equity holdings.
What is Zerodha business model?
Zerodha operates as a low-cost discount brokerage firm, primarily offering online trading services for equities, commodities, and derivatives. It generates revenue through brokerage fees, providing retail investors with access to a wide range of financial instruments via its trading platform, Kite. Zerodha focuses on offering competitive pricing, technology-driven solutions, and educational resources for traders.
What is Discount Broking?
Zerodha works on the idea of discount broking, which means that it charges a reduced commission or low brokerage on the transactions to ideally attract investors to use this platform.
What is Zerodha funding history?
Zerodha has remained bootstrapped since its inception and has not raised any external funding. The company’s growth has been entirely organic, funded by its founders, Nithin and Nikhil Kamath, and its revenue model.
After receiving an overwhelming response from young entrepreneurs across the country, the WTFund unveils its latest cohort of 9 groundbreaking startups, reaffirming its mission to fuel the next generation of risk-takers.
Bengaluru, February 13, 2025: WTFund, India’s pioneering initiative for entrepreneurs under 25, led by investor and entrepreneur Nikhil Kamath, has unveiled its second cohort of 22 trailblazing founders. WTFund provides up to Rs 20 lakh in grant funding, along with mentorship and strategic partnerships, to help startups scale their impact.
By democratizing access to opportunities, WTFund has become a launchpad for first-time founders, fostering a culture of innovation, resilience, and learning. Committed to bridging critical gaps in India’s startup ecosystem, it continues to empower young entrepreneurs to build, grow, and succeed on a global stage.
“Entrepreneurs can build at any age, but there’s something about being young—the audacity, the relentless energy, the willingness to take risks before the world tells you otherwise. WTFund exists to fuel that spirit. More than just capital, founders need a launchpad—access to mentorship, networks, and the freedom to execute big ideas. With Cohort 2, we’re backing founders who aren’t just dreaming of change but are actually building it. The future belongs to those who take the leap, and we’re here to make sure they don’t have to do it alone.” said Nikhil Kamath.
From Vision to Impact: The Founders Leading Cohort 2
WTFund attracted applications from 50+ cities, spanning all tiers and remote areas, reflecting the depth of India’s entrepreneurial talent. The second cohort brings together solutions across Tech/SaaS, D2C, EdTech, FinTech, HealthTech, AgriTech, and CleanTech, driving innovation at scale.
The applications also demonstrated that a clear mobile-first mindset runs across all tiers – Tier 1 startups are pioneering AI/ML-driven B2B solutions, while Tier 2 and 3 founders are building vernacular-first B2C innovations tailored for India’s diverse markets. These entrepreneurs are not just solving local challenges but creating globally scalable solutions, proving that India’s grassroots innovation is ready to make an impact on the world stage.
The second cohort showcases nine exceptional startups, each bringing innovative solutions poised to make a significant impact. They include:
Startup
Description, Founders, SDG Alignment, and Impact
Nasadya (H2ive)
Founded by Chaitanya Gulati, Subhechchha Paul, and Suhani Mohan, Nasadya develops advanced solid-state hydrogen storage solutions for safer, more affordable, and more efficient industrial energy use.
SDG 7: Affordable & Clean Energy – Enabling widespread adoption of hydrogen as a sustainable fuel.
InnerGize
Founded by Shalmali Kadu, Sidharth Bhargava, and Mitansh, InnerGize offers a wearable device that reduces chronic stress and anxiety using non-invasive technology.
SDG 3: Good Health & Well-being – Making mental wellness accessible with a clinically validated, on-demand relaxation tool.
Armatrix
Founded by Vishrant Dave, Prateesh Awasthi, and Ayush Ranjan, Armatrix develops industrial robotics, including flexible robotic arms for hazardous environments.
SDG 9: Industry, Innovation & Infrastructure – Enhancing worker safety and operational efficiency in high-risk industries.
Drnk
Founded by Raj Thakkar and Aryan Gandhi, Drnk provides affordable specialty beverages with a strong community-driven brand experience.
SDG 12: Responsible Consumption & Production – Redefining the beverage industry with sustainable, healthier options for Gen Z and Millennials.
Neoperk
Founded by Satyendra Gupta, Neoperk is an AI-powered soil testing solution that improves agricultural productivity and sustainability.
SDG 2: Zero Hunger – Helping farmers reduce input costs and increase yield quality by 15-20%.
ReferRush
Founded by Vikram Pai and Rohan Verma, ReferRush is a multi-channel referral program platform for eCommerce brands.
SDG 8: Decent Work & Economic Growth – Driving sustainable business growth through AI-powered customer engagement.
Modus AI
Founded by Sunit Gautam and Somesh Lund, Modus AI is an AI-driven fraud detection system for financial institutions.
Founded by Aayush Kumar and Prakhar, Bytes offers an AI-powered Advanced Driver Assistance System (ADAS) for two-wheelers.
SDG 3: Good Health & Well-being – Reducing road accidents by improving two-wheeler safety.
Ai.gnosis
Founded by Raksheet Jain and Divyansh Mangal, Ai.gnosis is an AI-based developmental screening tool for early autism detection.
SDG 4: Quality Education – Enabling early intervention for neurodivergent children, improving long-term outcomes.
About WTFund
WTFund is a fund designed to empower young entrepreneurs under 25 by providing early-stage grants, mentorship, and resources. Led by Nikhil Kamath, WTFund backs founders solving critical real-world problems across sectors like health tech, energy transition, AI, and space tech, helping them scale without immediate dilution pressures. WTFund’s vision is to democratize access to funding and foster a new generation of bold, risk-taking entrepreneurs shaping India’s future.
Is it just me, or is skipping school or the college exit door like a secret handshake to the world of success and stardom? There are so many dropouts-turned-superstars out there that it’s starting to seem like an underground club, where the membership fee is ditching the classroom.
On a lighter note, we usually encounter successful people who don’t hold a proper or suitable college degree. But such people have created a history that stands as a testimony to their intellect for all the future.
In this article, we explore the journey of one such person, who dropped out of school to later found India’s largest stockbroker – Zerodha. We will explore the success story of Nikhil Kamath, early life, his education, personal life, career, investments, and much more.
Nikhil Kamath was born in Karnataka, India, in 1986. Since his dad was a bank employee, he often got transfers. Nikhil was 9 years old when they finally settled in Bangalore.
Though Nikhil displayed a strong aptitude for mathematics and problem-solving from a young age, he hated the traditional way of taking formal school education. In Bangalore, he attended a local school. Since the school didn’t let him appear for the 10th board exams citing his disinterest in studies as a reason, he decided to drop out of school. Thus, Nikhil didn’t have a formal mode of education after that.
Nikhil Kamath – Career
After dropping out of school in 10th grade, which was a huge decision, Nikhil Kamath’s journey to success was a remarkable tale of determination and resourcefulness.
After leaving school without a clear plan, he found himself working at a call center at the age of 17. To make ends meet, he even faked his birth certificate to land the job, which paid him a meager salary of INR 8,000.
During those challenging times, he labored at the call center from 4 PM to 1 AM, and in the mornings, he delved into the world of trading. Nikhil learned the ropes of life outside his family’s protective cocoon, and he discovered that it was in the outside world where the real lessons were learned.
Around the age of 18, Nikhil decided to venture into stock trading more seriously. His father entrusted him with some of his savings. This leap of faith from his father marked the beginning of Nikhil’s journey as a trader. He not only managed his father’s money successfully but also convinced his manager at the call center to invest in stocks.
It turned out to be a fruitful endeavor, and soon, others followed suit, allowing Nikhil to manage their funds. In his final year at the call center, he cleverly managed the entire team’s money, which meant he didn’t have to go to work physically, yet he received incentives.
Zerodha’s Inception
Nikhil’s ambition eventually led him to leave his job and team up with his older brother Nithin Kamath, to launch Kamath Associates in 2010, which later evolved into the highly successful brokerage firm, Zerodha. His journey from a call center employee to a prominent figure in the financial world is a testament to his resourcefulness and dedication.
Nikhil Kamath – Personal life
Nikhil Kamath resides in the city of Bangalore, India. His parents are U.R. Kamath, an employee of Canara Bank, and Revathi Kamath. He was married to Amanda Puravankara who was the director of Provident Housing Ltd., Bangalore. The couple reportedly separated within a year of their marriage. Kamath is an avid reader and a chess player.
Nikhil Kamath also hosts a podcast series “WTF is”, in which he interviews industry leaders and close friends in light-hearted but thought-provoking conversations. The program discusses various subjects including technology, social media, alternative energy, and more.
Prime Minister Narendra Modi made his podcast debut with Nikhil Kamath on 10 January 2025. The two-hour episode, titled “People with The Prime Minister Shri Narendra Modi x Nikhil Kamath,” is part of Kamath’s “WTF is” podcast series.
The conversation explored various topics, including PM Modi’s childhood, similarities between politics and entrepreneurship, essential skills for entering politics, governance, and global affairs.
People with The Prime Minister Shri Narendra Modi x Nikhil Kamath
Nikhil Kamath – Zerodha
Zerodha Website
Zerodha, a game-changing player in India’s trading and investment scene, commenced its operations on August 15, 2010, with a clear-cut mission: to remove the hurdles that traders and investors often faced, especially in terms of cost, support, and technology. The company’s name, “Zerodha,” cleverly combines “Zero” with “Rodha,” a Sanskrit word meaning barrier, to reflect their commitment to this vision.
Today, Zerodha proudly stands as one of India’s largest stockbrokers, thanks to its innovative pricing models and cutting-edge technology developed in-house.
They boast a massive client base of over 1 crore, managing millions of orders daily through their user-friendly investment platforms. Their influence is felt in the trading world, accounting for a significant 15% of all retail trading volumes in India.
Another creation of Kamath, True Beacon is a fee-free investment management company that targets investors with extremely high net worths.
Also, Rainmatter is their venture capital fund and incubator that invests in fintech companies and ventures that promote financial inclusion.
Nikhil Kamath – WTFund
Nikhil Kamath introduced the ‘Innovators Under 25‘ at the most recent WTFund Summit in Mumbai. An inaugural event was held in September 2024, to celebrate the establishment of WTFund, the first non-equity grant fund in India, to support innovation among entrepreneurs under the age of 25. It was a pivotal event for India’s startup ecosystem, showcasing the next generation of innovators ready to shape the country’s future.
The role of young entrepreneurs in creating India’s future was highlighted by Kamath. Anyone, from 25 to 80 years old, may be an entrepreneur and create the next great product. “But, come on, the enthusiasm, determination, and boldness usually come more naturally when you’re younger,” Kamath said.
To support nine startups now and nine thousand young businesses tomorrow, Kamath said, “We’re dedicated to building an India that isn’t afraid to take risks and step outside our comfort zones.” He went on to say that he hopes to aid thousands of startups in the future. Whoever decides to build their own aspirations instead of helping someone else realize theirs will lead India in the coming decade. The diversity of India’s innovation landscape is on full display among the fifteen grantees.
Kamath has recently revealed in his podcast about his investment of INR 400 crore in Radico Khaitan for a 1.6-1.7% stake. Additionally, Nikhil has made some significant personal investments:
Announced Date
Organization Name
Lead Investor
Funding Round
Money Raised
September 11, 2023
Pee Safe
–
Series B
₹250 million
June 26, 2023
Mainstreet
–
Seed Round
₹2 million
January 31, 2023
Nourish You
–
Seed Round
₹163.7 million
July 26, 2022
Nas Company
–
Venture Round
₹12 million
March 15, 2022
Licious
–
Series F
₹11.5 billion
February 8, 2022
Kofluence
Yes
Seed Round
₹4 million
January 27, 2022
Growth School
–
Seed Round
₹375 million
April 1, 2021
Third Wave Coffee
Yes
Seed Round
–
March 17, 2021
Vokal
–
Secondary Market
–
Nikhil Kamath – Partner Investments
In addition to his personal investments, Nikhil has also made investments as a partner:
Announced Date
Organization Name
Investor Name
Lead Investor
Funding Round
Money Raised
October 13, 2023
Emoha Elder Care
Gruhas Proptech
Yes
Series B
$11 million
April 5, 2023
Ossus Biorenewables
Gruhas Proptech
Yes
Seed Round
₹197 million
March 15, 2023
Spirit Media
Gruhas Proptech
Yes
Venture Round
–
February 25, 2022
Licious
Gruhas Proptech
Yes
Series F
₹91.4 million
February 17, 2022
Omnipresent Robot Technologies
Gruhas Proptech
Yes
Venture Round
–
Nikhil Kamath – Philanthropy
Nikhil is also known for his philanthropy:
Nikhil Kamath recently joined the list of wealthy people around the world who have signed the Giving Pledge & pledged to donate 50% of their money to philanthropic causes. Notably, Kamath is the youngest Indian philanthropist to join the Giving Pledge.
Kamath also launched the Young India Philanthropic Pledge (YIPP), which mandates the signatories who are below 45 years of age to donate 25% of their fortune with a minimum spend of ₹1 crore per year.
According to the EdelGive-Hurun India Philanthropy List 2022, Kamath donated ₹100 crore of his wealth in 2022, along with his brother and co-founder of Zerodha, Nithin Kamath.
Nikhil Kamath – Controversies
Nikhil Kamath competed in a charity chess match against Viswanathan Anand, a five-time world chess champion. He won the match, much to the amazement of everyone. However, the multibillionaire eventually apologized for beating the chess champion unfairly and acknowledged doing so.
He tweeted, “I had help from the people analyzing the game, computers, and the graciousness of Anand sir himself to treat the game as a learning experience. This was for fun and charity. In hindsight, it was quite silly as I didn’t realize all the confusion that can get caused due to this. Apologies.”
Nikhil Kamath – Awards & Recognitions
Here are some prominent awards and recognitions for Nikhil Kamath:
He was among the Forbes India ‘30 under 30’ young entrepreneurs, in 2016
He was listed as the richest self-made Indian under 40 by ‘IIFL Wealth Hurun India 40 & Under Self-Made Rich List 2022’
He made it into Forbes’ list of the world’s billionaires in 2023
The Hurun India Report 2024 ranks Nithin and Nikhil Kamath 8th among self-made entrepreneurs for Zerodha, valued at Rs 64,800 crore.
FAQs
Who is Nikhil Kamath?
Nikhil Kamath is the founder and CFO of Zerodha, which is an online trading service provider company.
Where is Nikhil Kamath birthplace?
Nikhil Kamath was born on September 5, 1986, in Shimoga, Karnataka.
Who are Nikhil Kamath parents?
Nithin was born in Shivamogga, Karnataka, India, to a Konkani family. His father, Late U.R. Kamath, was employed as one of the executives of Canara Bank. His mother, Revathi Kamath, taught him to play the musical instrument, the veena.
When was Nikhil Kamath born?
Nikhil Kamath was born on September 5, 1986. His age is 39 years.
Who are the founders of Zerodha?
Nikhil Kamath and Nithin Kamath co-founded Zerodha.
Where did Nikhil Kamath study?
Nikhil Kamath did not follow a traditional education path. He dropped out of school after completing the 10th grade to pursue his interests in chess, stock trading, and entrepreneurship.
What is Nikhil Kamath net worth?
The net worth of Nikhil Kamath is $3 billion (January 2025).
What is Nikhil Kamath education?
Since the school in Bangalore, didn’t let him appear for the 10th board exams citing his disinterest in studies as a reason, he decided to drop out of school.
How Nikhil Kamath became billionaire?
Nikhil Kamath became a billionaire by co-founding Zerodha, India’s largest discount brokerage, which revolutionized stock trading with its low-cost, user-friendly platform. His success was driven by his expertise in stock trading, strategic thinking, and focus on simplifying investments for retail investors.
Nithin Kamath is the Co-founder and Chief Executive Officer (CEO) of Zerodha, the largest stock brokerage firm in India, headquartered in Bangalore, Karnataka. He is an Indian entrepreneur, stockbroker, and columnist for The Financial Express. Nithin gained recognition in the financial industry for his pioneering work in discount broking, which led to Zerodha’s success.
Nithin Kamath has been acknowledged for his achievements and influence in the Indian business landscape. He has received several awards and accolades, including The Economic Times naming him among the Top 10 Businessmen to Watch Out for in India in 2016, specifically highlighting his contributions to discount broking. He also received the Forbes India Leadership Award – Conscious Capitalist of the Year (2019). Additionally, his entrepreneurial endeavors have led to a significant net worth of $1.5 billion.
Zerodha’s success has also been widely recognized. In the IIFL Wealth Hurun India 40 and Under Self-Made Rich List of 2020, Zerodha topped the rankings. This accomplishment further highlights Nithin Kamath’s entrepreneurial prowess and Zerodha’s position as a leading player in the Indian brokerage industry.
Here, in this article, we will learn about Nithin Kamath, his education, personal life, his parents, Zerodha, and more.
Nithin Kamath Biography
Name
Nithin Kamath
Date of Birth
5th October, 1979
Birthplace
Shivamogga, Karnataka, India
Nationality
Indian
Educational Qualification
Bachelor’s in Engineering
Profession
Entrepreneur, Stockbroker, Columnist
Position
Founder & CEO, Zerodha
Net worth
$4.5 billion (January 2025)
Father
Late U.R Kamath
Mother
Revati
Brother
Nikhil Kamath
Spouse
Seema Patil
Son
Kiaan Kamath
Below is Nithin Kamath’s portfolio and his success story.
Nithin was born in Shivamogga, Karnataka, India, to a Konkani family. His father, U.R. Kamath, was employed as one of the executives of Canara Bank. His mother, Revathi Kamath, taught him to play the musical instrument, the veena.
He also has a younger brother, Nikhil Kamath, in his family who is the Co-founder at Zerodha. Nithin Kamath’s wife is Seema Patil; they both got married in 2008. He loves to play basketball. The couple is also blessed with a son named Kiaan.
Nithin Kamath had a mild stroke in January 2024. He shared this news in a LinkedIn post. His story shows how important it is to care for your heart and brain health.
Kamath, known as a fitness lover, said his stroke was caused by stress, lack of sleep, tiredness, and over-exercising. His experience reminds us to keep a balance in life, exercise in moderation, and get enough rest.
Nithin Kamath’s LinkedIn Post
Nithin Kamath – Education
Nithin Kamath’s education journey began during his childhood when he traveled across India while accompanying his father’s profession. Eventually, he settled in Bangalore in 1996, where he completed his secondary education and college studies.
Nithin Kamath’s formal education culminated with his graduation from Bangalore Institute of Technology, where he specialized in Electronics and Telecommunications. His academic background in this field likely contributed to his technical expertise and understanding of the evolving financial technology landscape.
During his early years, Nithin Kamath exhibited a passion for trading and entrepreneurship. Here is a revised overview of his professional journey:
Early Trading Experience: At the age of 17, Nithin began managing his father’s trading account, which allowed him to gain practical experience in the financial markets while still pursuing his studies.
Self-Employment as a Proprietary Trader: While in college, Nithin became a self-employed proprietary trader from January 1997 to January 2004. This period allowed him to further refine his trading skills and gain a deeper understanding of market dynamics.
Work in a Call Center: Due to a lack of trading capital, Nithin worked at a call center for three years. He traded during the day and worked as a Senior Telesales Executive in a call center-focused company from January 2001 to June 2004.
Sub-Broker and Portfolio Advisory Services: Nithin began his professional career as a sub-broker, partnering with Kamath Associates, which operated as a franchisee of Reliance Money. During this time (January 2004 to January 2010), he provided portfolio advisory services and engaged in proprietary trading.
Co-founding Zerodha: In late 2010, Nithin Kamath, together with his younger brother Nikhil, founded their stock brokerage firm, Zerodha. This marked the beginning of their entrepreneurial journey, aimed at revolutionizing the brokerage industry in India through the introduction of discount broking and innovative trading technologies.
Zerodha founder Nithin Kamath’s experiences as a trader, work in a call center, and his tenure as a sub-broker provided him with valuable insights and paved the way for the establishment of Zerodha, which has become one of the largest retail stock brokerage firms in India.
Nithin Kamath’s success story is intricately linked to the founding and growth of Zerodha, which has brought about significant disruption in the brokerage industry. Nithin drew inspiration from NSE’s free trading platform called ‘NOW’ as he observed the need for change in the industry.
Nithin Kamath – Success Story
With a decade of experience in trading the stock markets, Nithin recognized the challenges and limitations faced by traders, which led him to establish Zerodha. He aimed to alleviate the fatigue associated with the pursuit of stock market trading and create a brokerage firm that addressed the barriers traders encountered. The name Zerodha itself is a combination of “Zero” and “Rodha,” the Sanskrit word for barrier.
In 2010, Nithin and his brother, along with a team of five people, embarked on their entrepreneurial journey. Zerodha initially focused on serving day traders, and over time, the venture experienced significant growth. The company’s disruptive pricing models and in-house technology played a pivotal role in propelling Zerodha to become one of the largest stockbrokers in India in terms of active retail clients.
Through their innovative approach, Zerodha has reshaped the brokerage landscape, making trading more accessible, affordable, and efficient for retail investors. Nithin Kamath’s vision and commitment to driving positive change have played a significant role in the success of Zerodha.
Nithin Kamath – Founder & CEO of Zerodha
Nithin Kamath – Zerodha Logo
Nithin founded Zerodha in August 2010 and has a, physical presence across several major cities in India. It is considered India’s one of the largest brokerage firm. Zerodha entered the Unicorn Club in June 2020 with a self-assessed valuation of $1 billion. Today’s online stock brokerage platform has over 22 lakh active users with three million trades daily.
How does Zerodha work?
Zerodha offers trading in equities, currencies, bonds, commodities, and mutual funds. An investor needs to pay Rs.300 to open a Zerodha account. They provide free equity delivery investments.
Equity delivery, equity intraday, futures, and options variably charge Security transaction tax. A flat fee of Rs.20 is asked for every trade, irrespective of its size, without a brokerage fee. Nearly2 lakh Zerodha accounts addup every month. The Zerodha login and interface are also easy to navigate and are designed to help beginners.
Zerodha Kite, a new addition to Zerodha, is an online trading software that allows its users to trade at BSE, NSE, and MCX. It’s a front-end application that is built in-house by Zerodha engineers. Zerodha margin calculator is another popular tool that lets its customers calculate the margin required for futures contracts.
Nithin Kamath shared on 20 January 2025 that Zerodha now has over 1.6 crore users, with 30% of them joining through referrals, all achieved without any advertising.
Over 1.6 crore Indians trade and invest with us. Almost 30% of these investors came to us through referrals by other Zerodha customers. All Zerodha investors today trust us with 6 lakh crores of their assets.
Zerodha is a low-cost trading service; it also has free add-ons that attract millions of customers to trade or invest in the stock market and pay brokerage to Zerodha. Besides that, it is an online platform that helps reduce operational costs and helps them scale up their business. Zerodha also spends money on advertising or marketing.
Number of Active Clients in 2023
New data from NSE says Groww, backed by investors like Sequoia Capital and Tiger Global, is now the top player by active clients. It marked the end of Zerodha’s long streak as India’s biggest brokerage firm with the most active users. In September, Zerodha’s market share stayed at 19.4%, but Groww’s went up to 19.9%.
Nithin, along with his brother, founded True Beacon, an investment management firm. The venture is aimed at ultra-high-net-worth investors and operates on a zero-free model. The Annual Maintenance Contract (AMC) does not charge an account on the grounds of an account opening fee, redemption fee, and maintenance fee. At the end of the financial year, it charges a 10% performance fee on the gains from the investor.
The Zerodha Universe
Nithin Kamath – Rainmatter
Nithin Kamath – Rainmatter Logo
Nithin Kamath’s Rainmatter is a Bengaluru-based financial technology startup fund and incubator founded by Nithin in 2015. The company is an initiative by Zerodha that would ensue funds and incubate innovative startups. Moreover, it has invested in various startups to achieve the goal of growing the Indian capital markets.
Rainmatter Climate works on funding startups and grassroots organizations working on climate change. As per regulatory filings, Nithin, his wife Seema, and his brother Nikhil have been appointed directors of the venture, Rainmatter Land Development. The paid-up capital for this new venture is INR 10 lakh.
Nithin Kamath – Personal Investments
Zerodha CEO Nithin Kamath has made quite a few personal investments and they are mentioned as below:
Nithin Kamath has received several honors and awards throughout his career. Here is a revised list:
Emerging Entrepreneur Award (2014) – Conferred by the Confederation of Indian Industry (CII) in recognition of Nithin Kamath’s entrepreneurial accomplishments.
Emerging Brokerage Firm of the Year (2014) – Awarded by BSE and Dun & Bradstreet, acknowledging Zerodha’s emergence as a prominent brokerage firm.
Emerging Brokerage Firm of the Year (2015) – Recognized by BSE and Dun & Bradstreet, highlighting Zerodha’s continued growth and success in the brokerage industry.
Featured Among Top 10 Indian Businessmen to Watch Out for in 2016 – The Economic Times included Nithin Kamath in this prestigious list during their annual business review, recognizing his influential role in the industry.
Forbes India 30 under 30, Finance (2016) – Ranked by Forbes India in their prestigious list of young achievers, specifically in the finance category.
Startup of the Year (Bootstrap) 2016 – Awarded by The Economic Times, acknowledging Zerodha’s successful establishment and growth as a bootstrapped startup.
IIFL Wealth Hurun India 40 and Under Self-Made Rich List 2020 – Zerodha secured the top position in this list, highlighting the financial success of Nithin Kamath and the company’s achievements.
These honors and awards serve as a testament to Nithin Kamath’s entrepreneurial prowess and Zerodha’s notable contributions to the brokerage industry in India.
Nithin Kamath – Fun Facts
Nithin Kamath’s interests and hobbies add further dimension to his profile. Here’s a revised version:
Collecting Memorabilia: Nithin Kamath is known to have acquired a football jersey signed by the legendary footballer Lionel Messi at an auction, showcasing his appreciation for sports and collectibles.
Active Lifestyle: Nithin enjoys various physical activities, such as running, cycling, and swimming, which contribute to his active and healthy lifestyle. Additionally, he has a penchant for playing the guitar, showcasing his passion for music.
Inspirations: Nithin Kamath has drawn inspiration from notable Indian businessman Azim Premji, appreciating his accomplishments and perhaps incorporating some of his principles into his entrepreneurial journey.
Literary Interests: Nithin Kamath is an avid reader, and one of his favorite books is “Market Wizards” by Jack Schwager, indicating his interest in investment and financial literature.
Musical Preferences: Pink Floyd is Nithin Kamath’s favorite band, showcasing his appreciation for their music and potentially reflecting his taste for classic rock.
Early Trading Experience: Nithin Kamath started his trading journey at the age of 17, demonstrating his early passion for the financial markets.
Other Interests: Nithin Kamath is a martial arts enthusiast and also enjoys playing poker, indicating his diverse range of interests beyond the realm of finance and entrepreneurship.
FAQs
What is Zerodha owner name?
Nithin Kamath and Nikhil Kamath are the owners of Zerodha.
What is Nithin Kamath’s net worth?
Nithin Kamath’s net worth is $4.5 billion (January 2025).
What is Nithin Kamath’s salary?
According to various reports (2023), Nithin Kamath receives a monthly salary of INR 4.16 crore as his basic pay. In addition, he also receives INR 2 crore as a house rent allowance, INR 1.6 crore as other perquisites, and an additional INR 41 lakhs as various allowances.
What is Nithin Kamath date of birth?
Nithin Kamath was born on 5th October 1979. Nithin Kamath age is 45 years.
What is Nithin Kamath education qualification?
Nithin completed his bachelor’s in electronics and telecommunications from the Bangalore Institute of Technology.
Who is Nitin Kamath wife?
Seema Patil is Nithin Kamath’s wife.
Who is Nithin Kamath’s brother?
Nikhil Kamath, a co-founder of Zerodha, is Nithin Kamath’s brother.
Who is in Nithin Kamath family?
Nithin Kamath is married to Seema Patil, who is also actively involved in Zerodha’s operations. They have a son together. Nithin’s brother, Nikhil Kamath, is his co-founder at Zerodha and handles key business areas like trading and investment strategy. The Kamath family is known for their simple lifestyle and focus on fitness and health.
Who are Nithin Kamath children?
Nithin Kamath and his wife Seema Kamath have a son named Kian Kamath.
What is Nithin Kamath’s mother tongue?
The mother tongue of Nithin Kamath is Konkani.
What inspired Nithin Kamath to start Zerodha?
Nithin Kamath drew inspiration from NSE’s free trading platform ‘NOW’ and recognized the need for disruption in the brokerage industry. He aimed to make trading more accessible and affordable for retail investors, which led to the establishment of Zerodha.
Who are Nithin Kamath parents?
Nithin was born in Shivamogga, Karnataka, India, to a Konkani family. His father, Late U.R. Kamath, was employed as one of the executives of Canara Bank. His mother, Revathi Kamath, taught him to play the musical instrument, the veena.
Is Zerodha good for beginners?
The flat fee model of Zerodha is as low as Rs. 20, which is why many beginner-level traders prefer Zerodha.
How can I get started with Zerodha?
To start trading with Zerodha, you can visit their official website and follow the account opening process. It usually involves providing your personal and financial details and completing the necessary documentation. Zerodha offers online account opening and a seamless onboarding experience.
According to reports, Ather Energy, an electric car startup, is aiming for a $2.4 billion value for its impending initial public offering (IPO) this year. The new valuation is more than 80% higher than its previous round of fundraising, according to a media story that cited sources. The firm will submit its final clarifications to the Securities and Exchange Board of India (SEBI), the market watchdog, and submit its revised draft red herring prospectus (DRHP) by the end of January or the first few weeks of the subsequent month, according to the article.
How Company Plans to Utilise Funds?
Ather intended to use INR 750 Cr, or 25% of the fresh issue part of the INR 3,100 Cr IPO, for research and development (R&D) in accordance with its original DRHP, which was submitted in September. Additionally, INR 927 Cr will be set aside for the establishment of a new facility in Maharashtra. According to reports, the unicorn in e-mobility was aiming for an IPO price of about $2.5 billion. It should be noted that this development occurs weeks after SEBI approved Ather’s plans to go public. According to the SEBI website, the markets regulator sent Ather the observation letter on December 23.
Recent Developments at Ather
Ather Energy, which was founded in 2013 by Tarun Mehta and Swapnil Jain, produces battery packs and electric two-wheelers in addition to having its own charging station. The company recently introduced the Rizta family escooter series and ventured into the smart helmet industry after expanding its market with its 450 line of ebikes. After raising INR 600 Cr from its current investor NIIF in August 2024 at a post-money valuation of $1.3 billion, the EV powerhouse became a unicorn. However, the slowdown in the number of EVs sold in the broader market impacted Ather Energy, which experienced a 19% drop in vehicle registrations to 10,429 last month from 12,909 in November.
Good News for Nikhil Kamath!
Nikhil Kamath, a well-known podcaster and cofounder of Zerodha, will also benefit from one of the fastest value increases due to IPO valuation, as his 5% ownership will increase to over $100 million in around six months.
By purchasing Flipkart cofounder Sachin Bansal’s share last year, Kamath made his debut on the Ather cap table. At a value below the unicorn round, Kamath is thought to have paid about $40 million for the Ather stake.
With investments in a number of early-, late-, and IPO-bound firms, Kamath has become a prominent player in India’s digital economy. Among the companies in his portfolio are Bluestone and Subko Coffee.
Hero MotoCorp, the biggest shareholder in Ather with roughly a 37% interest, will be listed as a co-promoter and will not be selling any shares during the offer-for-sale (OFS) window. Another Flipkart cofounder, Binny Bansal, is selling off a portion of his investment in the EV manufacturer as part of the IPO. Other stockholders include GIC and Tiger Global.
On November 15, Nazara Technologies and Zerodha co-founder Nikhil Kamath’s WTFund promised to invest a total of INR 2 crore in two gaming firms, Xigma Games and Norian Games. In order to improve India’s reputation in the international gaming industry, they are investing in the next generation of domestic gaming companies. According to a joint announcement from the companies, Norian Games and Xigma Games will receive financial support as well as access to mentorship and strategic direction as a result of this investment.
According to Kamath, this fund is a first step towards helping businesses that have established themselves with their inventive games, and he said that he is very excited to watch them continue to push their boundaries.
WTFund was Launched to Nurture Young Entrepreneurs
The establishment of the WTFund, a non-dilutive grant-agnostic fund aimed at fostering young entrepreneurs under 25, was announced by Kamath in April. By investing in entrepreneurs in a variety of industries, the fund helps them grow. Nitish Mittersain, the founder of Nazara Technologies, added that the multifaceted gaming and sports media company is dedicated to developing India’s future gaming talent. “Aldian of Ancients,” a dinosaur survival simulation game for PC and console, is being developed by Norian Games, a startup based in Kerala.
In the meantime, the Bengaluru-based game development company Xigma Games has published games like “The Bonfire: Forsaken Lands” and “The Bonfire 2: Uncharted Shores,” which together have received over 10 million downloads. The games are presently accessible on Steam, the Apple App Store, and the Google Play Store. “Metal Haven,” the studio’s most recent release, is a sci-fi action-strategy game that can be played for free.
India’s Gaming Market
According to Niko Partners, a market research and consultancy organisation that focuses on video games, e-sports, and streaming in Asia, India is the fastest-growing gaming market in the region in terms of both revenue and players.
In 2024, it is anticipated that the combined revenue from mobile, PC, and console gaming will reach $943 million, an increase of 13.6% from the year before. According to the report, the market is anticipated to generate more than $1 billion in sales by 2025 and $1.4 billion in 2028, representing a compound annual growth rate of 11.1% over the next five years. These numbers exclude export and real-money gaming income.
The online gaming industry is having problems because of the regulatory ambiguity under the IT Amendment Rules, 2023, according to Aruna Sharma, a Practitioner Development Economist and former secretary, Ministry of Electronics and Information Technology (MeitY). This is because the establishment of self-regulatory bodies (SRB) was only partially completed, and there is no central regulatory authority to address the industry’s concerns. Furthermore, it is challenging for respectable domestic and foreign gaming businesses to run efficiently because of the absence of distinction between games of skill and games of chance.
The industry has been severely impacted financially by the GST hike from 18% to 28% as well as punitive tax applications. Taxation has been a major issue for the sector, according to Parth Chadha, co-founder and CEO of STAN. Owing to this, numerous online gaming businesses were forced to close their doors and lay off employees.
Zerodha co-founder Nikhil Kamath introduced the ‘Innovators Under 25’ at the most recent WTFund Summit in Mumbai. An inaugural event was held to celebrate the establishment of WTFund, the first non-equity grant fund in India, to support innovation among entrepreneurs under the age of 25. Jeet Adani, Kishore Biyani, Nithin Kamath, Jay Kotak, Ananya Birla, and Shashwat Goenka were among the notable individuals who attended the event.
WTFund’s Initial Group of Trailblazers
Kamath introduced the first round of WTFund grantees at the summit; they were fifteen entrepreneurs from fields as diverse as healthcare, artificial intelligence, and sustainable consumer goods with ambitious ideas. To drive innovation and challenge conventional businesses, the program seeks to equip young minds with the resources they need.
The role of young entrepreneurs in creating India’s future was highlighted by Kamath. Anyone, from 25 to 80 years old, may be an entrepreneur and create the next great product. “But, come on, the enthusiasm, determination, and boldness usually come more naturally when you’re younger,” he said.
To support nine startups now and nine thousand young businesses tomorrow, Kamath said, “We’re dedicated to building an India that isn’t afraid to take risks and step outside our comfort zones.” He went on to say that he hopes to aid thousands of startups in the future. Whoever decides to build their own aspirations instead of helping someone else realize theirs will lead India in the coming decade. The diversity of India’s innovation landscape is on full display among the fifteen grantees.
Assistance Extending Beyond Monetary Grants
With non-equity awards of up to INR 20 lakh, WTFund provides more than only financial aid. The young entrepreneurs learn from established professionals in the field while keeping complete control of their companies. This direction, together with access to accounting and legal services, and strategic alliances with industry heavyweights, provides them with the groundwork they need to expand their firms.
Beyond providing financial support, Kamath wants the fund to help young entrepreneurs grow their businesses and have a positive impact on the sector. With the help of WTFund’s resources, these innovators will be able to conquer the obstacles of startup life and set themselves up for sustained success.
The WTFund Summit marks a fresh chapter for India’s startup scene, bringing together influential Indian businesspeople to support the country’s aspiring innovators. The fund paves the way for game-changing innovations in many different fields by providing essential funding to young entrepreneurs.
Our India stands as the second-largest population in the world with a rapidly thriving economy over the past few decades. Before India’s Independence, agriculture played a vital role in developing the economy.
Following the 21st century, we have witnessed numerous entrepreneurs arising in every corner of India with a motive to bring a prosperous future for Indians.
Conscientiously, India became the third-largest in terms of real Gross Domestic Product (GDP) after the United States of America and China. Because of this fact, our entrepreneurs are the sole reason for the success of the Indian Economy, which stated that over 58.5 million entrepreneurs are there in India, of which nearly 13% are women.
Without any background or experience, some self-made business people took the determination to create a miracle in burgeoning the economy and ultimately becoming the richest entrepreneur at a very young age.
Net Worth – $1.5 Billion Founded – Zerodha Education – Graduation in engineering
Nithin Kamath – Youngest Billionaire in India
With an aim of breaking all barriers which are faced by investors and traders in India regarding cost, technology and support. Nithin Kamath, a Chartered Accountant (CA) took part in building a hassle-free online discount brokerage firm- Zerodha. He is the Founder as well as the CEO of Zerodha. He is mostly known for tweeting educational and informative content on social media.
Ultimately, the company became India’s first discount brokerage firm, after it was founded in the year 2010. As of 2021, Zerodha is said to have over 5 million active clients. The net worth of Nithin Kamath is INR 14500 Crores.
Nikhil Kamath
Net Worth – $1.5 Billion Founded – Zerodha Education – School Dropout
Nikhil Kamath – Youngest Billionaire in India
Nikhil Kamath is the Co-founder of India’s biggest trading platform, Zerodha. Although he dropped out of his school at a young age, he hustled and secures a job in a call centre, when he was just 17. Nikhil Kamath, after getting into trading along with his brother founded Zerodha. When he got into stock markets, he decided to start trading.
Zerodha solves all the problems and barriers faced by traders and investors. The current net worth of Nikhil Kamath is INR 11100. Zerodha was founded by Nikhil Kamath and his brother in the year 2010. He is one of the richest self-made billionaires in India at the age of 40.
Divyank Turakhia
Net Worth – $1.76 Billion Founded – Media.net Education – Graduated from Narsee Monjee College of Commerce and Economics
Divyank Turakhia – self made Billionaires in India
Divyank Turakhia being tech-savvy, began his career in coding at the age of 8 and mastered every aspect of computer programming. He was born on 29th January 1982 and did his schooling at Arya Vidya Mandir in Bandra and holds a degree in the field of Commerce and Economics from Narsee Monjee College in Mumbai. He founded media.net and later sold it to Chinese consortium for $900 million.
According to IIFA Wealth, He is the second richest self-made entrepreneur under 40, and his net worth is estimated to be 12,500 crores.
Ankit Bhati
Net Worth – $615 Million Founded – Ola Education – IIT Bombay
Ankit Bhati – Youngest billionaire in India
Ankit Bhati is the Co-founder and was the former CTO of one of India’s most popular and used ridesharing Ola Cabs. Ola Cabs was founded in the year 2010. . Recently, Ankit Bhati has launched a new SaaS startup named Amnic. The net worth of Ankit Bhati is INR 1600 Crores. With the increasing demand for ridesharing systems, Ola Cabs are one of the two ridesharing companies that are dominating the Indian market.
Bhavish Agarwal
Net Worth – $990 Million Founded – Ola Education – IIT Bombay
Bhavish Agarwal – Youngest billionaire in India
In recent times, Ola resulted in a turning point in the development of the Indian economy, where people encountered comfortable rental transport at an affordable rate. Bhavish Aggarwal commenced their idea of innovating technology-based cab services in India and started Ola and became one of the richest entrepreneurs with a net worth of close to INR 7500 Crores.
Net Worth – $1.3 Billion Founded – Paytm Education – Bachelor of Engineering from Delhi College of Engineering
Vijay Shekhar Sharma – Youngest billionaire in India
Vijay Shekhar Sharma is one of those Indian billionaire businessmen who achieved many things at such a young age. He is none other than the founder and chief executive officer of the financial technology firm, Paytm. He sold the website that he created while in college, named indiasite.net for $1 million.
He then started One97 Communications where they provided people with exam results, cricket scores, ringtones and jokes. In 2010 it became the parent organization of Paytm. In 2017, Forbes ranked him as India’s youngest billionaire and in the same year, he was headlined in Time Magazine’s World’s 100 Most Influential People 2017 List.
Berkshire Hathaway’s Warren Buffet subsidized $300 million in the business in 2018. And again in 2020, Forbes featured him as the 62nd richest person in India and his net worth is $2.3 billion.
Binny Bansal
Net Worth – $1.3 Billion Founded – Flipkart Education – Graduate from IIT Delhi
Binny Bansal – Self-made Billionaires in India
Binny Bansal is the founder of the e-commerce platform named Flipkart. He co-founded Flipkart in 2007 and now he has become one of the biggest names in the Indian e-commerce industry. At first, Binny Bansal worked at Sarnoff Corporation, Binny Bansal completed his degree in computer engineering from IIT Delhi. He was the former CEO of Flipkart.
Flipkart was launched in 2007, at first it was more like a small book store, then it become an e-commerce platform. In 2018, Walmart acquired Flipkart. Today the valuation of Flipkart is around $37.8 billion.
Sachin Bansal
Net Worth – $1.3 Billion Founded – Flipkart Education – Graduate from IIT Delhi
Sachin Bansal – Self-made Billionaires in India
Sachin Bansal is an Indian entrepreneur who co-founded one of the most popular Indian e-commerce platforms Flipkart. Flipkart is an e-commerce company that is famous for selling consumer electronics, fashion, groceries and lifestyle-related products. Flipkart was acquired by Walmart in 2018. Sachin Bansal got his degree in Computer Engineering after attending IIT Delhi and founded Flipkart along with Binny Bansal. The net worth of Sachin Bansal is INR 8848 Cores.
Ritesh Agarwal
Net Worth – $1.1 Billion Founded – Oyo Rooms Education – College Dropout
Ritesh Agarwal – Youngest Billionaire in India
This 27-year-old Ritesh Agarwal is one the youngest billionaire in 2021 in India. He is the Founder and CEO of OYO Rooms. He commenced OYO Rooms as a small lodging portal under budget.
In 2012, it was added to the accelerator program by Venture Nursery. In 2013, it won $100,000 in the Thiel Fellowship program and in 2013, he launched OYO Rooms. The company was a success and the stakes tripled when Agarwal purchased $2 billion worth shares in the company.
He is named in the Forbes 30 under 30 list for Asia and also is nominated for the Business World Young Entrepreneur Award. As per reports, Ritesh Agarwal’s net worth is around $1.1 billion.
Net Worth – $650 Million Founded – Zomato Education – Graduate from Indian Institute of Technology, Delhi
Deepinder Goyal – Self made Billionaire in India
Deepinder Goyal is the founder of Zomato, which delivers food from restaurants to every corner of the city. Foodiebay was the name of the firm when they initially started, that is in 2008 and later in 2010, they renamed the company Zomato when the company gained popularity among the people.
It also acquired Cibando, Gastronauci, Poland’s restaurant search assistance in 2014, and Seattle founded Urbanspoon, it turned out to be their massive gain. As per the report, Deepinder Goyal’s current net worth is around Rs 2,200 crore.
Conclusion
Our entrepreneurs are the sole reason for the success of the Indian Economy. Many fresh talents are rising from the corners of the country and are giving a hand in creating a prosperous. As of 2021, there are many such successful entrepreneurs, here we have just mentioned a few.
FAQs
Who is the youngest self-made billionaire in India?
Nikhil Kamath, the co-founder of Zerodha is India’s youngest billionaire at the age of 34.
Who is the youngest self made billionaire entrepreneur in the world?
Austin Russell founder of Luminar Technologies is the world’s youngest self-made billionaire.
Who is India’s youngest millionaire entrepreneur?
Sunil Butolia is India’s youngest millionaire at the age of 18.
Who are self made entrepreneurs?
Self made entrepreneurs are the people who have started with a lack of money, education, or social status and have become both rich and successful through their own efforts.
Who is the world’s youngest billionaire?
The world’s youngest billionaire is German heir Kevin David Lehmann, who is just 19.
How many Indian billionaires are there now?
Currently, there are 215+ Indian billionaires, with 58 new additions, as of March 2022.
