By Ettech Last Updated
Copyright indiatimes
Zerodha co-founder Nithin Kamath said the online stockbroking platform was developed with an investment of Rs 10 lakh, and that is all the money that has gone into the business till date.”Rs 2.5 lakh for our website, Rs 5 lakh for our office interiors, and Rs 2.5 lakh for miscellaneous,” Kamath said in a post on X.The entrepreneur was responding to a question online about how Zerodha is profitable without any venture money and nor has it opted for a public listing yet. He explained that when they started out, access to the then free NSE Now trading platform and a near-zero-cost back-office vendor arrangement helped make the venture possible.Kamath said that without the pressure to give exits to investors, the company is free to do what is right for the customer, sometimes “at the cost of the business”, citing the platform’s no spam and no tracking policy.In an interview in June, Kamath had ruled out any plans for an initial public offering (IPO). “We continue to believe there’s no reason to (go for an) IPO. Being listed on exchanges is tough for a company like us,” he said, making it clear that the firm will remain privately held for the foreseeable future.Zerodha crossed Rs 8,370 crore in revenue and around Rs 4,700 crore in profits in FY24, Kamath had announced in a blog post in September last year. In May, ET reported that Zerodha Capital, the non-banking finance arm of the stockbroking major, reported a net profit of Rs 12.5 crore and revenues of Rs 36 crore in FY25. While its revenues have more than doubled from around Rs 17 crore in FY24, its net profit grew 74% from Rs 7.2 crore last year.
