The boom of the stock market has been skyrocketing since the 2000s. Imagine a player coming in and letting the traders trade barrier-free. Yes! That has been a reality with Zerodha since 2010 when it was founded by brothers Nithin and Nikhil Kamath.
Headquartered in Bengaluru, Zerodha is a financial service company that is registered with the Securities & Exchange Board of India (SEBI) and a member of NSE, BSE, and MCX-SX, built to provide brokerage facilities to the stock market traders. All in all, Zerodha is an online discount broking company that aims to lower the costs for their clients, something that is crucial in deciding the long-term profitability of the trader trading in the stock markets of the country.
Zerodha has achieved numerous feats since it was founded in 2010. The company boasts of being a unicorn back in June 2020 without even raising funds from any of the investors, thereby purely relying on bootstrapping. Along with this, Zerodha is also credited with buying ESOPs at nearly 4X times their book value, which was almost around the time when the stockbroking startup valued itself as a unicorn. The company is currently valued at over $2 billion, as of November 2021