Zerodha's Nithin Kamath and his team were on a trekking trip to mark 12 years of the stock broking company when he tweeted about businesses wanting to create health and fitness awareness within their companies.
Inspired by the query posted on the Zerodha site, many social media users came up with their own versions of it.
Zerodha began to take action to protect clients from cyberattacks after reports revealed how demat accounts of some of the company's customers, among others, were compromised.
Zerodha CEO Nithin Kamath added that out of a 100 new businesses that sprout in India, only about 1 per cent of it become sustainable and are able to survive.
Taking to Twitter, Kamath shared a piece of advice for stock market traders, "For most traders living in the social media bubble, it must seem like everyone except you is killing it trading the markets...
"The reason why we do what we do is that we believe that more Indians should back entrepreneurs by taking some risks," Zerodha co-founder Nithin Kamath said.
Startups that spent the most in acquiring customers or on employee costs may find it difficult to weather a funding slowdown, according to Kamath.
According to Kamath, it will get tough for companies that spent a lot on customer acquisition and on employee costs amid the tech hiring boom over the past year.
Core team will work on a hybrid model
Coinbase, in its latest filing, said that - in the event of bankruptcy - crypto assets held by the exchange could be considered property of the bankruptcy proceedings.
Nikhil Kamath asked on Twitter. "What happens when inflation eventually and inevitably leads to higher unaffordable prices...
Zerodha has recorded more than a 50 percent jump in both profits and revenues for 2021-22, revealed CEO Nithin Kamath on Twitter.
In a LinkedIn post, Nithin Kamath said the number of phishing frauds had shot up. “The only way to protect yourself is to not trust anybody asking for money or offering something that seems too good to be true,” he added.
The founder narrates the story of how a conversation in a gym led to the setting up of India’s largest stock broker for retail investors – without any business experience and without outside funding
Nithin Kamath said that as a company it is their onus to push everyone to think about their health and added that due to the pandemic and WFH, health levels have dipped in the last two years.
Zerodha employees with a BMI of less than 25 will get half a month's salary as bonus, CEO Nithin Kamath said on World Health Day.
In conversation with Moneycontrol, Zoho CEO Sridhar Vembu revealed that he does not have a brokerage account. Nithin Kamath was asked if he would make a pitch to add Vembu on Zerodha.
Zoho CEO Sridhar Vembu said, "Nobody in the family assumes that they have some wealth that they can draw from. They all want to work for their living."
Zoho's Sridhar Vembu and Zerodha's Nithin Kamath, who run bootstrapped ventures, spoke to Moneycontrol on the 25th episode of the show, Moneycontrol Masterclass.
Join our most popular guests as Moneycontrol Masterclass marks its 25th episode. Zoho's Sridhar Vembu and Zerodha's Nithin Kamath return to our Masterclass as we shine the spotlight on these two outliers in the Indian startup ecosystem. Nithin bootstrapped Zerodha in 2010, growing it to become the largest retail brokerage in India today. Sridhar has grown Zoho into one of the biggest cloud-based business software providers in the world.
Nithin Kamath's wife Seema was diagnosed with breast cancer in November last year and has had two chemotherapy session already.
Nithin Kamath's tweet touched a chord with several Twitter users. Many pointed out how the financial year follows traditional practices across cultures and even crop cycles.
The startup also saw a year-on-year rise in expenses of 2.4 times from Rs 517.7 crore in FY20 to Rs 1,260.2 crore in FY21.
Razorpay founder Harshil Mathur added that LIC's recent tie up with Policybazaar may signal more insurtech collaborations if the IPO goes well.
CRED boss Kunal Shah is one of India’s best-known new-age entrepreneurs. Zerodha's Nithin Kamath and his older brother Nikhil were ranked 86th on the Forbes list of India’s richest in 2021.