Founded in 2010, the company is headquartered in Bengaluru and has a physical presence in many major Indian cities.[3][4][5][6]
History
The company was founded in August 2010 by two brothers Nithin and Nikhil Kamath. The company's name Zerodha, indicates a combination of words for the company's ideals: Zero and "Rodha", the Sanskrit word for "barrier".[7]
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.[8]
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[9]
In June 2020, Zerodha entered the "unicorn club" with a self-valuation of around $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.[10]
In March 2024, Zerodha reached its fund house to ₹1,000 Crore AUM.[11][12]
Society
A fixed commission of up to ₹20 is applied to a transaction, regardless of its size, and offers its retail clients a host of purpose-built trading applications.[8]
Zerodha has a base of more than 12 lakh[13] (1.2 million) of active customers.[14][15] The company also offers commodity trading through its wholly owned subsidiary, Zerodha Commodities Pvt. Ltd.[16]
It won the "Economic Times Startup Awards 2016" in the "Bootstrap Champ".[17] The company also won the BSE - D&B "Emerging Equity Broking House Award" in 2014 and 2015 and the NSE "Retail Broker of the Year" award in 2018.[18]
Rainmatter
In 2014, Rainmatter was founded as an early-stage fund with a corpus of ₹50 Crore (Rs500 million). 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 by Rainmatter are in startups such as Cred, Finception, Smallcase, and Sensibull.[19][20][21]
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.[19][22][23]
Technical problems and interruptions
There have been multiple reports of technical issues including glitches, system outages and connectivity issues on Zerodha's Kite platform, especially on days with high market volatility and F&O expiry days.[24][25][26][27]
In November 2020, Livemint reported that some Zerodha traders complained of being unable to access its Kite platform due to a technical issue. Several users took to Twitter to report a login issue. Zerodha, in an official statement, admitted the problem.[28]
^Baruah, Ayushman (25 October 2016).
"Zerodha Trade Winds of Change". Business World India. Archived from the original on 27 October 2016. Retrieved 23 March 2024.{{
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