Zerodha co-founder Nithin Kamath bid farewell to the country’s most popular derivatives contract, the Bank Nifty weekly options. In a post on microblogging site X (formerly Twitter), Kamath shared an ‘obituary’ to Bank Nifty Weekly. The post is captioned “An old trader friend of mine shared this 😬”. For those unaware, Securities and Exchange Board…
Azim Premji and his family claimed the 9th spot in the top 10 richest Indians list with a wealth of Rs 1,90,700 crore. India’s billionaire population has surged, adding one every five days in the last year, according to the Hurun India Rich List 2024. The country now boasts a total of 334 billionaires. The…
Zerodha co-founder and CEO Nithin Kamath, his brother and Zerodha co-founder Nikhil Kamath and CTO Kailash Nadh were recently at the company’s Bangalore office for a podcast. Speaking at the special for CNBC-TV18’s Young Turks Reloaded podcast, the trio discussed the challenges they face as their company continues to grow.Nikhil Kamath highlighted the fear and…
Nithin Kamath and Harsh Goenka in file photos Nithin Kamath, CEO of Zerodha, faced a question about the public’s perception of the wealthy at a recent event in Bangalore. Shradha Sharma, founder of YourStory, posed the question. “Why do Indians hate rich people?” However, it appears that Kamath’s answer didn’t go down well with billionaire…
Zerodha’s founder & CEO Nithin Kamath has said that investors on the platform have booked profits worth a whopping Rs 50,000 crore in over four years. The Indian equity markets have witnessed a significant surge in investor participation, especially in the post-Covid pandemic period, resulting in a substantial increase in the number of investors entering…
Omnichannel jewellery retailer Bluestone is in talks to raise around $100 million in a pre-IPO round at a likely valuation of more than $1 billion, catapulting the startup to the unicorn club, three people aware of the matter said. This would be more than double its previous valuation of around $450 million in September 2023,…
Manish Poddar, founder, Rare Rabbit New-age men’s apparel and fashion brand Rare Rabbit is closing its maiden institutional funding round of Rs 500 crore led by investment fund A91 Partners, multiple people in the know said. The fundraise will see participation from the family office of Ravi Modi, founder of Vedant Fashions that runs ethnic…
Ather Energy, an electric two-wheeler manufacturer, is currently in discussions to secure a substantial funding round through a combination of primary and secondary share sales, according to individuals familiar with the matter.Sources have revealed to ET that Sachin Bansal, a cofounder of Flipkart and an existing investor in Ather Energy, has sold a significant portion…
Nikhil Kamath, India’s youngest billionaire and Zerodha co-founder, recently spoke to young entrepreneurs about his life philosophy. Despite dropping out of school, Kamath’s rise to success, with a net worth of $3.1 billion, is remarkable. According to ET, Kamath has stressed on the need to lighten up in life, drawing from his own school days…
