Zerodha’s Rainmatter invests Rs 275 crore in 2024 with major focus on climate, health
Rainmatter invested around Rs 275 crore in 47 startups last year, with climate and health startups receiving the largest share of investments in terms of volume, according to a blog post.
The firm has earmarked an additional Rs 1,000 crore for investments over the next few years, the blog stated.
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Among Rainmatter’s total investments, the fintech sector leads in the number of funded startups overall, followed by climate and health. However, in 2024, the firm backed 15 climate startups and 16 health-focused startups, compared to 8 in the fintech space.
“We may be early, but our thesis right now is that climate and health will be megatrends of the future. Considering that we think of Rainmatter as one way of giving forward, we want to back founders working on helping Indians be healthier and making the planet more livable,” Zerodha founder Nithin Kamath said in a post on X (formerly Twitter).
Since its inception, the Bengaluru-based fund has invested in over 100 startups, including 32 fintech companies, 27 climate-tech firms, and 24 health-tech ventures. It has deployed approximately Rs 700 crore in total since 2016.
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