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‘Running a broking firm is a tough job,’ Zerodha founders Nithin, Nikhil Kamath express concerns over regulatory laws | Mint

LivemintLivemint · 11m ago
‘Running a broking firm is a tough job,’ Zerodha founders Nithin, Nikhil Kamath express concerns over regulatory laws | Mint
Medial

Nithin and Nikhil Kamath from Zerodha have emphasized the importance of collaboration between startups, regulators, and the government to encourage innovation. While acknowledging positive regulatory changes in India, they cautioned that excessive regulations could impede growth and discourage entrepreneurship. The Kamath brothers expressed concerns about uncertainties within the startup ecosystem and the need for a more supportive environment. They also pointed out specific regulatory changes, such as the Securities & Exchange Board of India's "true-to-label" circular, which could impact their business and revenue growth. Despite the challenges, they remain optimistic about India's startup scene.

Nikhil Kamath announces second cohort of WTFund

EntrackrEntrackr · 7m ago
Nikhil Kamath announces second cohort of WTFund
Medial

Snippets Nikhil Kamath announces second cohort of WTFund WTFund, an initiative for entrepreneurs under 25, led by investor and entrepreneur Nikhil Kamath, has unveiled its second cohort, featuring 22 founders. WTFund provides up to Rs 20 lakh in grant funding, along with mentorship and strategic partnerships, to help startups scale their impact. By democratizing access to opportunities, WTFund has positioned itself as a launchpad for first-time founders, fostering a culture of innovation, resilience, and learning. It aims to bridge critical gaps in India’s startup ecosystem while empowering young entrepreneurs to build and grow. According to WTFund, it received applications from over 50 cities, including those from all tiers and remote areas. The second cohort features solutions spanning tech/SaaS, D2C, edtech, fintech, healthtech, agritech, and cleantech, driving innovation at scale. The applications also reflected a strong mobile-first mindset across all tiers. Tier 1 startups are pioneering AI/ML-driven B2B solutions, while Tier 2 and 3 founders are building vernacular-first B2C innovations tailored for India's diverse markets. These entrepreneurs are addressing local challenges while creating globally scalable solutions. The second cohort highlights nine startups, each bringing innovative solutions with the potential for significant impact. These include Nasadya, InnerGize, Armatrix, Drnk, Neoperk, ReferRush, Modus AI, Bytes, and Ai.gnosis. WTFund is designed to empower young entrepreneurs under 25 by providing early-stage grants, mentorship, and resources. Led by Nikhil Kamath, it backs founders solving critical real-world problems across sectors like healthtech, energy transition, AI, and space tech, enabling them to scale without immediate dilution pressures. The fund aspires to democratize access to capital and nurture a new generation of bold, risk-taking entrepreneurs shaping India’s future.

Nikhil Kamath invests Rs 137.5 Cr in Goldi Solar

EntrackrEntrackr · 23d ago
Nikhil Kamath invests Rs 137.5 Cr in Goldi Solar
Medial

Nikhil Kamath invests Rs 137.5 Cr in Goldi Solar Goldi Solar, a solar photovoltaic (PV) module manufacturer, has raised Rs 137.5 crore from Zerodha co-founder Nikhil Kamath. The proceeds will be used for its expansion into solar cell production, Goldi Solar said in a press release. Established in 2011 by Ishverbhai Dholakia, Goldi Solar manufactures solar PV modules, with a significant presence in India and global exports to over 20 countries. The company has a large module manufacturing capacity, currently at 14.7 GW, and is expanding its cell manufacturing capabilities as well. Besides module manufacturing, the Surat-based company also offers Engineering, Procurement, and Construction (EPC) services for solar projects. It is involved in Corporate Social Responsibility (CSR) initiatives, including supporting educational institutions and providing mid-day meals for students. Goldi Solar claims to have increased its module manufacturing capacity from 3 GW to 14.7 GW in the last 12 months. The company is also focused on backward integration with plans to establish a large-scale cell manufacturing facility by 2026. It aims to achieve a 1 GW Solar Park (IPP) by FY 2025-26. According to the company, it will focus on introducing high-efficiency modules and advanced cell technologies, targeting both domestic and export markets. For the fiscal year ending in March 2024, Goldi Solar reported Rs 1756.36 crore in revenue with a profit of Rs 59.38 Cr. The company has yet to file its annual report for FY25. “Renewable energy in India is a massive sector, and there is an equally massive opportunity to build global-scale companies right here on our home ground. It is imperative that we back these companies to accelerate the country’s clean energy transition,” said Nikhil Kamath, co-founder of Zerodha.

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