Zerodha

Indian Fintech FinTechFounded 2010

Market Data Current As Of: September 12, 2026

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Zerodha

Indian Fintech FinTechFounded 2010

Reviewed by Swet Parvadiya

Last reviewed: September 12, 2026

Market Data Current As Of: September 12, 2026

Acquisitions

Zerodha Acquisitions

Total Acquisitions

$73M

Disclosed Deal Value

smallcase (Strategic Minority Stake & Joint Venture)

2021

$50M

Why

Deepened strategic investment and partnered to create Zerodha Fund House, a 50:50 joint venture asset management company dedicated to building low-cost passive index funds and ETFs for Indian retail investors.

Impact

Secured direct entry into the Indian mutual fund industry without the legacy distribution fees or active fund manager overhead of traditional AMCs.

Outcome

Formed Zerodha Fund House, which rapidly crossed ₹1,500 crore in AUM within its first year.

Ditto Insurance (Finshots Parent Investment)

2021

$8M

Why

Incubated and capitalized Ditto Insurance via Rainmatter to build a zero-spam, advisory-first term life and health insurance consultation platform.

Impact

Provided Zerodha's 10+ million client base with transparent insurance consultations without pushy agent spam, expanding Zerodha's holistic wealth management ecosystem.

Outcome

Ditto emerged as one of India's fastest-growing advisory-first insurance platforms.

Sensibull (Majority Strategic Investment)

2020

$15M

Why

Financed and integrated Sensibull, India's largest options trading platform, providing retail derivatives traders with visual options payoff graphs, Greeks calculators, and automated risk management.

Impact

Strengthened Zerodha's dominance among active retail derivatives traders while promoting disciplined hedging over speculative gambling.

Outcome

Significantly increased retail options trading retention on Kite.

How Zerodha Makes Money

Zerodha operates a high-operating-leverage financial technology and brokerage transaction model. Its revenue streams comprise: First, F&O and Intraday Trading Brokerage (~68% of revenue), charging a flat ₹20 or 0.03% (whichever is lower) per executed order across equity intraday, currency, commodity, and equity derivatives contracts. Second, Net Interest Income on Client Cash & Exchange Float (~20% of revenue), earning safe yields on client margin balances held with clearing corporations and overnight treasury repo deposits. Third, Account Maintenance & Onboarding Fees (~6% of revenue), charging nominal annual maintenance fees (AMC) for demat depository accounts managed via CDSL. Fourth, Technology APIs & Developer Platform (Kite Connect, ~6% of revenue), licensing high-speed algorithmic trading APIs and historical market data feeds to quantitative hedge funds and independent developers.

Zerodha Acquisitions FAQ

How many acquisitions has Zerodha completed over its history?

Zerodha has completed approximately 3 corporate acquisitions on record.

What is Zerodha's strategic acquisition criteria?

When evaluating M&A targets, Zerodha prioritizes complementary technology, specialized engineering talent, and immediate synergies that support workflow automation.

How does M&A contribute to Zerodha's competitive moat?

Acquisitions enable Zerodha to absorb critical capabilities faster than building in-house, accelerating its time-to-market across FinTech, Retail Stock Broking, Wealth Management & Capital Markets.

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Explore Zerodha

Core profile pages, annual revenue records, and related research hubs for this company.

How Zerodha Makes Money

Zerodha Acquisitions FAQ

How many acquisitions has Zerodha completed over its history?

Zerodha has completed approximately 3 corporate acquisitions on record.

What is Zerodha's strategic acquisition criteria?

When evaluating M&A targets, Zerodha prioritizes complementary technology, specialized engineering talent, and immediate synergies that support workflow automation.

How does M&A contribute to Zerodha's competitive moat?

Acquisitions enable Zerodha to absorb critical capabilities faster than building in-house, accelerating its time-to-market across FinTech, Retail Stock Broking, Wealth Management & Capital Markets.