Zerodha, a well-known stock trading platform in India, has invested in Deepak Shenoy’s company, Capitalmind, through its investment arm Rainmatter. This is Capitalmind’s first major institutional funding and marks an important step in their journey. The move comes shortly after Capitalmind launched its new Flexi Cap mutual fund, which has already raised ₹45 crore. Interestingly, more than half of this amount came through Zerodha’s own platform, Coin.
A Trusted Relationship
The founders of both companies—Nithin Kamath from Zerodha and Deepak Shenoy from Capitalmind—have worked together for over 15 years. Their long-term trust has now turned into a business partnership. Even though Zerodha has its own Asset Management Company (AMC), it made sure this investment does not interfere with Capitalmind’s freedom. Zerodha stayed within the SEBI rule that prevents any company from owning more than 10% in an AMC, and it has not taken any board seat in Capitalmind.
Why This Investment Matters
This investment is not just about money—it’s about building trust in India’s growing fintech space. Capitalmind now has a SEBI-approved AMC license and is looking to expand its product line. With Zerodha’s support and reach, it can now grow faster and serve more investors. The move also shows that Zerodha believes in supporting the larger financial ecosystem, not just growing its own business.
Competitors in the Race
India’s mutual fund and fintech market is getting crowded. Platforms like Groww, Upstox, and Paytm Money are also making big moves in the investment world. But while many are competing for market share, Zerodha’s move to support another AMC is unique. It reflects a long-term vision to build trust and innovation, rather than just compete head-to-head.
What’s New and What’s Next
Capitalmind’s Flexi Cap mutual fund is just the beginning. With fresh funds, the company is expected to roll out more mutual fund products tailored for modern investors. These products will focus on transparency, low costs, and smart investing, something Zerodha has always supported. The Indian mutual fund space is growing quickly, and this partnership is expected to bring fresh energy and smarter choices for investors.
A Fresh Approach to Investing
This partnership sends a strong message: Indian investors are looking for simple, honest, and effective investment tools. With Capitalmind’s research strength and Zerodha’s distribution power, the duo aims to offer clear, trustworthy, and easy-to-use mutual fund options.
This is more than just a funding deal—it’s a big step toward building a better, more investor-friendly fintech world in India. With Capitalmind and Zerodha teaming up, investors can expect innovative products, clear strategies, and a smarter way to invest in the coming months.
