Zerodha
| Zerodha Logo | |
Type of site | Private |
|---|---|
| Founded | 2010 August |
| Headquarters | Bangalore, Karnataka , |
| Founder(s) | Nithin Kamath Nikhil Kamath |
| CEO | Nithin Kamath |
| Industry | Stock Broker |
| Products | Kite, Coin, Console, Varsity |
| Services | Equity Trading, Derivatives Trading, Currency Trading, Commodity Trading , Mutual Funds, |
| Employees | 1100+[1] |
| Subsidiaries | Zerodha Commodities Pvt. Ltd. |
| Website | zerodha.com |
| Alexa rank |  260 (Global, September 2020[update]) |
| Users | 9 lakh+[2] |
Zerodha is an Indian financial service company (member of NSE, BSE, MCX, MCX-SX),[3][4] that offers retail and institutional broking, currencies and commodities trading, mutual funds, and bonds. Founded in 2010,[5] the company is headquartered in Bangalore and has physical presence in several major Indian cities.[6][7][8]
As of 2019, Zerodha was the largest retail stock broker in India by active client base, and contributes upwards of 2% of daily retail volumes across Indian stock exchanges.[9]
In June 2020, Zerodha entered the unicorn club with a self-assessed valuation of about $1 Billion. This valuation was based on the ESOP buyback exercise the company undertook valuing each share at more than four times of the book value of INR 700 per share. [10]
Business model[edit]
A flat fee of a maximum of Rs 20 is applied to a trade, irrespective of its size, and it offers an array of purpose built trading applications to its retail customers.[11]
Corporate affairs[edit]
Zerodha has a client base of 12 lakh[12] customers.[13][14] The company offers commodities trading via its wholly owned subsidiary, Zerodha Commodities Pvt. Ltd.[15]
It has won the "Economic Times Startup Awards 2016" in the "Bootstrap Champ" category.[16] 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.[17]
Rainmatter[edit]
Founded in 2014, Rainmatter was founded as an early-stage fund with a corpus of Rs. 50 Crore. By keeping the ticket size lower than $1 Million per investment, the fund has focused on minimizing risk but focus on funding start-ups in the field of new technology and new product development. Some notable investments of Rainmatter are in start-ups like Cred, Finception, Smallcase and Sensibull.[18][19][20]
True Beacon and Mutual Fund AMC[edit]
In 2019, Zerodha started True Beacon, the Alternative Investment Fund focused on giving returns in volatile markets through their defensive investment strategy. The $2 Million minimum investment fund has been able to generate a return in excess of 13% in its first year. In 2020, Zerodha has applied for a license to establish a Mutual Fund AMC in India.[18][21][22]
Technical glitches and outages[edit]
There have been multiple reports of technical issues including glitches, system outages and connectivity problems on Zerodha's Kite platform, especially on days with high market volatility and F&O expiry days.[23][24][25][26]
See also[edit]
Other articles of the topic Companies : Behmor, Warner Music Group Corp., BORG Inc., Emsisoft Anti-Malware, BFL CANADA, NSONE, Inc., Flatiron Music Group
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- List of companies of India
- Robinhood_(company)
References[edit]
- ↑ "30 Under 30: Nikhil Kamath - Chess to derivatives, all in a day's work". Forbes. Retrieved 2016-09-21.
- ↑ "Zerodha faces 2nd snag in 6 months; leaves traders miffed". Retrieved 24 July 2020 – via The Economic Times.
- ↑ Barbora, Lisa Pallavi (12 April 2013). "Advantage customers: providers shift focus". Mint. HT Media. Retrieved 11 April 2015.
- ↑ "Bengaluru broking firm Zerodha scraps fee for cash trades; rivals miffed by move". The Economic Times. 2015-12-02. Retrieved 2015-12-02.
- ↑ Baruah, Ayushman. "Zerodha Trade Winds of Change". BW Businessworld. Retrieved 2017-01-26.
- ↑ "Zerodha opens its Ahmedabad support center". The Economic Times. Retrieved 2013-08-01.
- ↑ Thomas, Tanya (2017-01-04). "Active accounts: discount brokers gain market share". The Hindu Business Line. Retrieved 2017-08-12.
- ↑ "Technology helps us unleash innovation in the capital markets: Zerodha CTO Kailash Nadh". Economic Times. 2018-04-03. Retrieved 2018-08-11.
- ↑ "Zerodha replaces biggies as largest broker in India - Times of India". The Times of India. Retrieved 2019-01-12.
- ↑ "Zerodha Claims Unicorn Valuation In ESOPs Buyback Plan". Inc42 Media (in Latina). 2020-06-22. Retrieved 2020-06-25.
- ↑ "Here's how Zerodha became India's biggest stock brokerage - Times of India". The Times of India. Retrieved 2019-08-24.
- ↑ "Nithin and Nikhil Kamath: Code Zero". Forbes India. 2018-09-21. Retrieved 2018-09-28.
- ↑ "Average daily turnover surges in both F&O and cash segments; HNIs also get into the mix". Economic Times. 2015-03-12. Retrieved 2015-04-09.
- ↑ "Broking startup Zerodha to enter non-banking finance space and expand overseas". The Economic Times. 2015-09-03. Retrieved 2015-09-28.
- ↑ "Zerodha commodities". Retrieved 24 July 2020.
- ↑ "ET Startup Awards 2016: How the Bootstrap Champ Zerodha is taking investment to the masses". The Economic Times. 2016-01-12. Retrieved 2016-01-19.
- ↑ ""Zerodha – India's best retail brokerage for 2018" by NSE". Zerodha blog. 2018-12-04.
- ↑ 18.0 18.1 Kamath, Shashank (2020-06-17). "Zerodha: More than a discount-broking company". A Word To The World. Retrieved 2020-06-22.
- ↑ www.ETtech.com. "Zerodha's Rainmatter invests Rs 4 crore in Finception - ETtech". ETtech.com. Retrieved 2020-06-22.
- ↑ Bhakta, Pratik (2019-11-14). "Zerodha steps up as angel investor". The Economic Times. Retrieved 2020-06-22.
- ↑ "Zerodha applies for mutual fund license". The Economic Times. 2020-02-20. Retrieved 2020-06-22.
- ↑ "Amidst Dismal Market Performance True Beacon's Impressive Debut". The Week. Retrieved 2020-06-22.
- ↑ "Will Zerodha compensate investor losses caused by tech glitch?". Livemint. Retrieved 19 March 2020.
- ↑ "Zerodha server down due to connectivity issue, management clarifies". Moneycontrol. Retrieved 19 March 2020.
- ↑ "Unplugged, Zerodha not to depend on leased lines". Business Line. Retrieved 19 March 2020.
- ↑ "Zerodha's Kite platform faces technical issues". CNBC TV18. Retrieved 19 March 2020.
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