Page 27 - Mann Ki Baat - English May 2022

Zerodha: From bootstrap startup to Unicorn

Zerodha is a fin-tech startup
in India's fast growing startup
ecosystem. It was started by
Nitin Kamath and Nikhil Kamath
in the year 2010, that too without
any outside funding. Zerodha,
a stock broking and trading
company, is today scaling the
heights of success with the help
of technology and empowering
wealth and distribute it among
other entrepreneurs as well. Our
their team and the country as
team from Doordarshan talked
well. This will lead to an inclusive
to Sh. Nitin Kamath, Founder &
development of the country.”
CEO, Zerodha.
Talking about sustaining the
Sh. Nitin Kamath believes that in
progress made in the startup
the last 2-3 years, a large number
sector, he said that course
of the businesses have rapidly
correction was absolutely
adopted digital technology,
required because at the end of
leading to a significant growth
the day, businesses have to be
in the business. There has been
profitable and sustainable.
excess liquidity in the startup
ecosystem. Also, India is one Zerodha is a company which
of the largest democracies in was started without any external
the world, with the maximum funding and today it is a unicorn.
population of young people in Speaking of his work, Sh. Kamath
the age group of 20-30 years. All said, “We don’t spend too much
this makes India a good spot for money on acquiring users. We
business and funding. believe that you do whatever
you can do best.”
“India Stack has been a big
enabler for many unicorns. Talking about mentorship,
Aadhaar for KYC, UPI for he said that his foundation
payments, IPOs, etc. have been ‘RainMatter’ assists startups
very helpful. The regulators in with workspace, mentorship
the country are also adapting and funding. "We have decided
to the new world very rapidly,” to give back the wealth we
Sh. Kamath enthusiastically said. have created to the society. We
are supporting the institutions
Sh. Nitin Kamath believes that
working for climate change,
the younger generation today
creation of livelihood, etc."
has a lot more risk appetite. This
is a positive sign. He says, “The The success story of Zerodha is
country needs entrepreneurs very inspiring for every young
who build businesses, create entrepreneur in the country.
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