Nikhil Kamath News

Ashneer Grover shared a similar experience of losing his father after Zerodha Co-Founder and CEO Nithin Kamath on Monday disclosed that he suffered a «mild stroke» six weeks ago. «Dude — take care. Most likely you are deeply affected because of passing away of your dad — it got me too after my dad’s demise — I simply collapsed one day. Take a break!» said Shark Tank-famed entrepreneur on X. Read More: Zerodha's Nithin Kamath has big advice for all fitness enthusiasts in his mild stroke announcement

Indian startups dropped about 80% on year this week, totalling $143.9 million across 26 different deals. Companies, across seed, early and late stages, had raised about $722 million in 30 rounds in the period from January 13 to 19 last year, as per data from Tracxn.

ALSO READ: Gujarat, Kerala, Karnataka, TN best performing states in startup promotion He added, "If you don’t know how to do money management/ you are not disciplined, then markets are not for you," and added, "I don’t know how to recover from failure everywhere." On receiving an account closure request, Zerodha mailed Kartik, and said, "This request will be processed at our end within 72 hours. While this request is under processing you will not be able to login to our platforms.

MUMBAI : Clients of India’s largest stock broker Zerodha are one of the driving forces behind BSE’s growing success in the derivatives segment since May 2023, after the exchange’s two decades of attempts to gain market share went in vain, people aware of the matter said. Interestingly, a spurt in Sensex volumes coincided with Zerodha teaming up with two related entities to raise its total shareholding in the exchange. The market share of BSE in the derivatives segment, dominated by National Stock Exchange (NSE), rose from a mere 0.004% in the June quarter to 7.38% in the September quarter and further to 15.8% in the December quarter.

MUMBAI : India-focused venture capital fund Gruhas, backed by Nikhil Kamath, and creator marketplace Collective Artists Network have launched Gruhas Collective Consumer Fund (GCCF) to back emerging consumer-focussed companies. GCCF will raise and deploy ₹150 crore initially, with both Gruhas and Collective Artists contributing an equal amount to the fund, and subsequently securing additional fund from external sources. The fund will seek to sustain an average deal size of about ₹8 crore ($1 million) each.

Nikhil Kamath, Co-Founder at Zerodha,in an interaction with ET NOW said that Indian markets are expensive and hence it is time to be cautious. He advised investors to not buy too much. Where do you forecast the fintech industry to go from here on because it has been one of the great growth drivers for the startup ecosystem? In the long term, it likely has a lot of potential. In the very short term, the cost of capital is quite high today; so things might remain tight. But over a 10 to 20-year period, it looks good for India.

business updates post I shared in August this year, I mentioned how we hadn’t had any large tech issues for a couple of years. Unfortunately, we have had two episodes in quick succession in the last two months, affecting between 5 and 20% of our active customers. As a broker, we have multiple external dependencies.

Zerodha's Nikhil Kamath names three Bengaluru entrepreneurs who inspired him to donate majority of his wealth The young entrepreneur shared the achievement of his podcast on social media platforms. He wrote, "Change is the only constant in life. Adapt first, don't fight, all of life is transient, including your belief systems, and our authentic self today.

Forbes Asia list acknowledges individuals who donate from personal funds, showcasing their commitment to various causes, and three Indians – DLF's KP Singh, Infosys' Nandan Nilekani, and Zerodha's Nikhil Kamat have made the list this year. KP Singh: The chairman emeritus of DLF, made headlines after selling his remaining direct stake in the Delhi-based property developer, raising $89 million. The proceeds will fund philanthropic causes, supporting the KP Singh Foundation established in 2020, as per Forbes.

Bengaluru Tech Summit 2023’, said Priyank Kharge, Karnataka’s minister for information technology, on Saturday. The summit, with the theme 'Breaking Boundaries’, will have more than 75 sessions, more than 400 speakers, 350 startups, 600 exhibitors, and 20,000 business attendees.

₹2,042 crore during the fiscal year 2022-23, as per EdelGive Hurun India Philanthropy List 2023. The report notes that Shiv Nadar donated an average of ₹5.6 crore per day. The list includes the names of 119 Indians including Wipro's Azim Premji, Zerodha co-founder Nikhil Kamath, etc.

Zerodha cofounder Nikhil Kamath took to LinkedIn on Wednesday to announce the ‘WTF Fund’ to back student entrepreneurs under the age of 22 looking to build startups in the home, beauty, fashion and lifestyle sectors. Through this initiative, Kamath aims to support students with entrepreneurial ambitions through funding and mentorship. Ananth Narayanan, former chief executive of fashion etailer Myntra and founder of Mensa Brands, Raj Shamani, founder of tech platform House of X and Future Group chairman Kishore Biyani will also provide support to the students, he added.

“Technology to me is very valuable. I’d get anxious without the Internet. Having said that, although I use technology practically all day, I’d describe my relationship with it as moderate. “At work, I typically have four computers set up on my desk – one is a Bloomberg terminal, one is a chat box that’s always open to coordinate with my team, one is reserved for media stuff and the last is to look at charts.” Eye On Design “I personally like Samsung phones because I feel it is one company that’s going a little beyond the others whe

₹2900 crore from ₹2094 crore in the fiscal before, it said in a blog. Its revenue, on the other hand, grew by 35.5% to ₹6875 crore in FY23 from ₹4694 crore in the financial year ended March 2022. The major sources of its income are stock brokerages, onboarding fees, commissions from selling mutual funds via Zerodha Coin and the sale of APIs.

Zerodha cofounder Nikhil Kamath is investing Rs 100 crore, or around $12 million, in omnichannel jewellery retailer Bluestone in a round where Zomato founder and chief executive Deepinder Goyal, CarDekho founder and CEO Amit Jain, and financial service firm IIFL are also participating.Bluestone founder and CEO Gaurav Singh Kushwaha confirmed the development to ET in an exclusive interaction, saying the Bengaluru-based company is closing a

Pee Safe, a hygiene and wellness brand has raised $3 million in a Series B funding round led by Natco Pharma Limited, and Rainmatter Health. Nithin Kamath and Nikhil Kamath, founders of Zerodha. Alkemi Growth Capital, an existing investor, also participated in the round. «This funding will accelerate our expansion efforts and establish us as the leading brand in the rapidly growing intimate wellness sector, which boasts a remarkable CAGR of 16%,” Vikas Bagaria, founder and CEO of Pee Safe adding that over the past five years, the brand has achieved a growth rate of 100% CAGR, surpassing market expectations.

Old Bridge Capital Management (OBCM) has received the Securities and Exchange Board of India’s (Sebi’s) approval to start its mutual fund operations under Old Bridge Mutual Fund. Kenneth Andrade, Founder of OBCM, said, “We are delighted to receive this licence to commence operations for Old Bridge Mutual Fund and will be launching our maiden actively managed equity scheme. As we move forward with our newly acquired licence, we remain committed to providing investors with long-term investment solutions on its mutual funds platform as well.” Old Bridge Capital Management was incorporated in December 2015 and the company is registered with Sebi as a portfolio manager. OBCM’s media release on Wednesday claimed that the company was also an investment manager and sponsor to a Sebi-registered Category III Alternative Investment Fund named Old Bridge Capital AIF. The company website claims that Andrade has managed a portfolio of over a billion dollars with a track record of beating the benchmark every year since 2006. OBCM manages equity portfolios through two structures — Portfolio Management Services and Category III Alternative Investment Funds — the release said. Earlier, Reliance Industries Ltd’s financial services arm Jio Financial Services (JFS) and BlackRock have signed an agreement to form a 50:50 joint venture to offer investment solutions.

Nazara Technologies share price jumped over 12% to hit a 52-week high on Monday after the company’s board approved to issue shares worth ₹100 crore to Zerodha’s founders Nikhil Kamath and Nithin Kamath. Nazara Technologies shares rallied as much as 12.46% to ₹853.80 apiece on the BSE.

Nikhil Kamath, cofounder and CEO of leading stock broker Zerodha, is reportedly acquiring more stake in homegrown gaming platform Nazara Technologies. According to CNBC-TV18, citing sources, Kamath is aiming to acquire a total of 3.5% stake in the firm «in his personal capacity».

₹400 crore alternate investment fund (AIF) to acquire commercial real estate. BHIVE launched its new co-working-focused ₹400 crore CAT-2 AIF, the firm said in a statement. The newly launched fund will acquire commercial real estate properties at prime locations with clear titles and occupancy certificates.

GST on online games during the 50th Council meeting held in July. However, according to Zerodha co-founder Nikhil Kamath, the gaming industry is going to be the 'next big thing' for India. Backing his viewpoint about the online gaming industry, Kamath said wrote on X platform (formerly known as Twitter) that the gaming industry is doubled ($159.3 billion) the size of movie and music industries ($41.7 billion + 19.1 billion) combined.