RAINMATTER TO INVEST RS 1,000 CR IN INDIAN STARTUPS: NITHIN KAMATH

Rainmatter Capital, Zerodha’s investment and philanthropy arm, will be investing Rs 1,000 crore in Indian startups, its CEO Nithin Kamath said on Thursday. Since 2016, the fund has invested approximately Rs 400 crore into 80 startups, Kamath said in a post on X (formerly Twitter). “We realised that having patient Indian investors backing Indian founders is helpful.” “Good businesses cannot be built overnight, something we learned in our journey. So we are perennial investors and stick with the founders for as long as it takes the founders to build a sustainable business,” he added. All the upside generated through the investment will be put back into the fund to support other entrepreneurs. “We are now increasing our commitment by increasing the allocation by an additional Rs 1,000 crore in a perennial structure or with the ability to stay invested forever,” Kamath said in a blog post on Zerodha