Latest news with #Rainmatter
NDTV
3 days ago
- Business
- NDTV
Watch: Zerodha's Nithin Kamath Defeats Fellow Founders In Intense Push-Up Challenge
Nithin Kamath, Founder and CEO of Zerodha, is a well-known fitness enthusiast. He recently collaborated with entrepreneur Dilip Kumar and showcased his impressive physical strength and endurance, outperforming fellow entrepreneurs in a push-up challenge. The light-hearted competition, shared on Instagram, featured Mr Kamath and other prominent business leaders, including Shiva Subramanian, founder of Biopeak, who came close but ultimately lost to Mr Kamath's remarkable fitness prowess. The challenge began with a 30-push-up round, where all participants held strong, but as it progressed to 40 push-ups, some competitors started dropping out, including Dilip Kumar himself, Swetha Subbiah, co-founder of Sisters in Sweat, and Adnan Adeeb of Spectacom. In the final 50-push-up round, only Mr Kamath and Mr Subramanian remained, with the former emerging victorious. "There is only one way to challenge Nithin Kamath. Some folks tried it. This is what happened," the video was captioned. Watch the video here: View this post on Instagram A post shared by Dilip Kumar (@kmr_dilip) The video of the billionaire joining his fellow entrepreneurs for the workout session attracted various comments from social media users. One user wrote, "This is what reaching your peak looks like." Another user commented, "Nitin and mentally strong." This isn't the first time the Zeodha CEO has demonstrated his commitment to fitness. Earlier this year, he shared a video of himself doing push-ups with his colleagues at Rainmatter, as part of a collaboration with Sisters In Sweat, a sports and wellness community for women. Mr Kamath's dedication to fitness is particularly notable given his recent health challenges, including a mild stroke in February. He said, although he does not know what exactly caused it, he thinks that a combination of factors, including his father's death, poor sleep, exhaustion and overworking, could be the reasons. Notably, Nithin Kamath is the co-founder of Zerodha. He founded the brokerage company in 2010 along with his brother Nikhil Kamath. Their venture capital fund and incubator, Rainmatter, invests in fintech firms and ventures that promote financial inclusion.
Entrepreneur
07-08-2025
- Business
- Entrepreneur
Capitalmind Receives Strategic Investment from Rainmatter Following Mutual Fund Launch
The investment, part of a Series-A round, comes on the heels of Capitalmind's entry into the mutual fund space through its newly launched Capitalmind Mutual Fund. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. Capitalmind Financial Services Private Limited has secured its first institutional funding with an investment from Rainmatter, the fintech initiative of Zerodha Broking Limited. The investment, part of a Series-A round, comes on the heels of Capitalmind's entry into the mutual fund space through its newly launched Capitalmind Mutual Fund. The announcement coincides with the reopening of the Capitalmind Flexi Cap Fund for subscriptions on August 6. The fund's recent New Fund Offer (NFO) raised INR 45 crore, with an impressive 75 percent of the inflow coming through direct plans. Nearly half of these direct investments were made via Zerodha's Coin platform, underlining the alignment between the two companies. The remaining 25 percent of assets were invested through regular plans, showing early acceptance by the distribution community. This marks a shift for Capitalmind, whose Portfolio Management Services (PMS) business previously saw limited distributor participation. The firm's flat-fee brokerage structure for mutual funds has been well-received by advisors and distributors alike. Nithin Kamath, Founder and CEO of Zerodha and Rainmatter, said, "We want to back innovative companies that share our mission of helping Indians do better with their money. My conversations with Deepak about finance and technology started back in 2009, and I've always been impressed by Capitalmind's data-driven, transparent approach." He added that the investment is purely financial, with no board seat and a capped stake at 10 percent in accordance with SEBI norms. Deepak Shenoy, Managing Director and CEO of Capitalmind Asset Management, expressed, "Nithin's early work sparked my interest in quantitative trading. Having Rainmatter invest in our vision validates our evolution from a blog to a full-stack asset manager. The capital will help us address a gap left by the slow growth of the fee-only advisory ecosystem by offering simple, solution-oriented products to retail investors." Capitalmind plans to drive growth through two distinct business arms. The mutual fund division will aim to scale accessible investment products for retail investors, while the PMS arm will focus on high-net-worth clients with curated mutual fund portfolios offering tax-efficient asset allocation. Capitalmind currently manages over INR 450 crore in such portfolios. While its PMS business accounts for just 0.5 percent of industry assets, the company sees greater promise in the mutual fund sector. Shenoy believes capturing even a small share of the projected INR 200 lakh crore mutual fund market in seven years could result in a transformative INR 1 lakh crore in AUM.
Hindustan Times
07-08-2025
- Business
- Hindustan Times
Nithin Kamath invests in company whose CEO helped Zerodha in early days
Nithin Kamath's Zerodha has invested in Capitalmind Financial Services, a SEBI registered portfolio management service led by Deepak Shenoy. The investment was made through Rainmatter, which is Zerodha's long‑term investment initiative. Zerodha CEO Nithin Kamath (L) with Deepak Shenoy (C)(X/@Nithin0dha) In a post shared on social media, Nithin Kamath reflected on how life sometimes comes a full circle as he revealed that Deepak Shenoy was one of the first people to lend his name and credibility to Zerodha. Life comes a full circle for Nithin Kamath 'It is sometimes surreal how life comes full circle,' wrote the CEO of Zerodha on X. 'Deepak Shenoy was among the first people I spoke to about the idea of Zerodha. When we started, he agreed to lend his credibility by having his name on our website as an advisor,' he revealed. Kamath announced that he was happy to back Shenoy's Capitalmind with an investment through Rainmatter. According to a Moneycontrol report, Capitalmind recently received a mutual fund license. This investment from Rainmatter is its first external institutional funding. Early days of Zerodha Zerodha was founded in August 2010 by brothers Nithin and Nikhil Kamath. It began as a bootstrapped startup with the aim of democratising stock trading in India by reducing costs and improving transparency. The rest, as they say, is history. Zerodha is today widely recognised as India's largest stockbroker and has turned the Kamath brothers into billionaires. Responding to Nithin Kamath's post, Bengaluru-based Deepak Shenoy reminisced about the early days of Zerodha. 'Many thanks Nithin! I can't even believe that at one time, I had credibility to give to Zerodha!' he wrote. 'I remember carrying the early Zerodha forms in my Hyundai Accent in Gurgaon - telling people how much brokerage they would save'. 'We have been in discussion regarding the businesses for a long time and have known each other for years now. Rainmatter's investment philosophy has been non-interfering and there is a lot of synergy with Zerodha. We have spoken with Zerodha Fund House as well,' Shenoy told Moneycontrol.
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Business Standard
06-08-2025
- Business
- Business Standard
Capitalmind gets Zerodha's Rainmatter backing after MF debut success
Capitalmind Financial Services Pvt Ltd (CFSPL), a Sebi-registered portfolio manager known for its quantitative investment strategies, has received its first institutional funding through a Series-A investment from Rainmatter, the fintech-focused initiative of Zerodha Broking Ltd. The funding comes on the heels of Capitalmind's mutual fund debut, as its Flexi Cap Fund reopens for subscriptions today after raising ₹45 crore during its New Fund Offer (NFO). Of this, around 75 per cent came through direct plans -- nearly half routed via Zerodha's Coin platform, according to a Capitalmind statement. Direct plans dominate fund inflows The high share of direct inflows reflects investor trust, and also marks a shift in Capitalmind's distribution approach. The remaining 25 per cent of the NFO corpus was raised through regular plans, suggesting early traction among distributors. This is a notable change from Capitalmind's portfolio management services (PMS) business, where distributors account for under 3 per cent of the clientele. The company's flat-fee structure for brokerages is being seen as a step towards making distribution more equitable and transparent. A long-standing relationship The investment formalises a long-standing association between Zerodha founder Nithin Kamath and Capitalmind founder Deepak Shenoy. Shenoy was an early advisor to Zerodha in 2010, and both companies have since shared a focus on investor education. Zerodha's outreach platforms -- including the Varsity education portal, TradingQnA forum, and Zero1 YouTube channel -- have grown in parallel with Capitalmind's content-driven model of blogs, podcasts, and research. Kamath said, "We want to back innovative companies that share our mission of helping Indians do better with their money. My conversations with Deepak about finance and technology started back in 2009, and I've always been impressed by Capitalmind's data-driven, transparent approach. This is a financial investment to support them as they build out their asset management company. In line with Sebi regulations, our stake is capped at 10 per cent, and we will not have a board seat, ensuring their independence." Capitalmind eyes broader retail base Capitalmind's founder Deepak Shenoy sees the Rainmatter investment as a validation of the company's evolution from a financial blog into a full-stack asset management firm. "Nithin's work in sparking my interest in quantitative trading years ago was a pivotal moment for me," Shenoy said. "Having Rainmatter invest in our vision is a powerful validation of our journey. This capital allows us to accelerate our mission of filling a crucial market gap. The professional fee-only advisory ecosystem hasn't scaled as hoped, leaving investors to navigate a complex landscape. We aim to bridge that gap through accessible, solution-oriented products, much like the target-date funds discussed in Sebi's recent consultation paper." Distinct strategies for mutual fund and PMS businesses Capitalmind plans to operate its mutual fund and PMS businesses on separate tracks. The mutual fund arm will focus on scalable retail products, while the PMS division will continue targeting HNIs and ultra-HNIs with customised asset allocation strategies that emphasise tax efficiency. The PMS segment currently manages over ₹450 crore, largely through baskets of mutual funds. Though Capitalmind accounts for just 0.5 per cent of the PMS industry's discretionary AUM, Shenoy sees far more scope in the retail mutual fund space. With industry projections estimating a 15 per cent CAGR, taking total AUM to ₹200 trillion over the next seven years, Shenoy believes capturing even 0.5 per cent of that future market could translate to ₹1 trillion in assets -- a significant milestone for the firm.
The Hindu
11-06-2025
- Sport
- The Hindu
Indian sports wrap, June 11: Bhambri-Galloway pair exits Boss Open
TENNIS Bhambri-Galloway pair exits Boss Open India's number one doubles player Yuki Bhambri and his American partner Robert Galloway fought their hearts out before losing the BOSS Open pre-quarterfinals, here. In a match where both sets were decided by tie-breakers, the Indo-American combine lost 6-7 (5) 6-7 (5) to Santiago Gonzalez from Mexico and Austin Krajicek from the USA in one hour and 34 minutes. India's challenge is still alive in the tournament, with veteran Rohan Bopanna and N Sriram Balaji competing with their respective partners. Balaji and and his Mexican partner Miguel Reyes-Varela are up against the second-seeded French pair of Sadio Doumbia and Fabien Reboul. The 45-year-old Bopanna has teamed up with Belgium's Sander Gille and they will take on the local combination of Jakob Schnaitter and Mark Wallner. -PTI BADMINTON Machaxi Raises $1.5M from Prakash Padukone, Rainmatter and Others to Expand AI-Based Grassroots Badminton Training Machaxi, a sports-tech company focused on grassroots coaching and digital sports infrastructure, has raised $1.5 million in a round led by Rainmatter, the investment initiative of Zerodha. The round also saw participation from Indian badminton legend Prakash Padukone and existing investors. The funding will help Machaxi scale its operations beyond Bengaluru into three new cities-Hyderabad, Pune, and Chennai—while also building a nationwide framework for AI-powered badminton coaching. As part of the expansion, Machaxi is collaborating with the Padukone School of Badminton to launch the 'Machaxi x Padukone School of Badminton' program. The initiative aims to establish over 1,000 coaching centres across India within the next four years. Prakash Padukone, Ace Indian Badminton player, said: 'I've always believed that the future of Indian badminton lies in structured grassroots development. Machaxi's vision to scale coaching while maintaining quality through AI is forward-thinking and impactful. I'm thrilled to partner with them in shaping the next generation of champions.' Related Topics Tennis / Badminton
