Criticism Technical glitches and outages Two years later, Zerodha won Startup of the Year at the 2020 Economic Times Startup Awards. Zerodha won the Bootstrap Champ award at the 2016 Economic Times Startup Awards, and the NSE Retail Broker of the Year in 2018. Zerodha won the BSE- Dun & Bradstreet Emerging Equity Broking House award in 20.
Some notable investments include Smallcase and ERPNext.
Zerodha backs Rainmatter, an early-stage venture fund, which typically invests in technology-focused product companies. A separate but wholly-owned entity, Zerodha Commodities, facilitates commodity trading for registered customers. Services ĭelivery trades in equity are free of cost however, for intraday trades of any size, a flat fee of ₹20 or 0.03% (whichever is lower) per executed order is charged across all segments (i.e., across NSE, BSE, MCX, NCDEX and currency). With an active client base of 5 million users, Zerodha is the largest retail stockbroker in India, contributing more than 15% of daily retail volumes across all Indian stock exchanges. In June 2020, Zerodha attained a self-assessed valuation of over $1 billion based on ESOP buyback at more than four times the book value of ₹700 per share.
The name Zerodha is a portmanteau of words Zero and Rodha (Sanskrit word for barrier). Zerodha was founded in 2010 by Nithin Kamath and Nikhil Kamath.
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