Rainmatter by Zerodha

On the sidelines of #GFF2024, we met some of the Founders attending GFF from the Rainmatter Fintech portfolio, all building some great products and helping Indians save and invest better. This dinner was long overdue though. All of us on Rainmatter came out a bit more knowledgeable about the sector, and will probably end up hanging out as a large team more often. ❤️ Here's a short video of what they had to say. Dinesh Pai Hansi Mehrotra Abhinav Parashar (Co-Founder and CEO, Digio) Atik Shah (Co-Founder and Chief Business Officer, MProfit) Priyank Shah (Co-Founder and CEO, The Financialist) Vishranth Suresh (Co-Founder and CEO, AssetPlus) Parag Kasliwal (Co-Founder and CEO, Beyond IRR) Ashutosh Datar (Co-Founder, IndiaDataHub) Satprem Mohanty (Co-Founder, ValuEnable) Ameet Ayare (CEO, Actlogica) Vineet Singh (Founder and CEO, Castler) Kuldeep Parashar (Founder and CEO, PensionBox)

Solar panels only perform well with proper maintenance, but consumers often aren't told this. On The Climate Conversations, Shreya Mishra, co-founder of Solar Square, talks about the benefits, challenges, and future of household solar panels in India. Full episode link in the comments.

We’re excited to announce our investment in StepOut, a football analytics company dedicated to enhancing football performance data in India. Their platform allows teams, coaches, and players to upload match videos and quickly receive data-driven insights to improve performance. StepOut’s technology is accessible and easy to use, enabling players at all levels to track their progress and helping scouts efficiently evaluate talent. Tools like these were previously available only to elite teams. StepOut is opening up opportunities for players across India, breaking down barriers to entry in the sport, and fostering a more inclusive football ecosystem at the grassroots level. We’re thrilled to be a part of their journey as they lead the way in sports analytics. Read more👇

We are pleased to announce our investment in Ai Health Highway, a company focused on improving healthcare accessibility through their innovative smart stethoscope, AiSteth. Non-communicable diseases (NCDs) are the leading cause of death worldwide, claiming over 41 million lives annually. Timely diagnosis of NCDs is crucial, and this is the problem AI Health Highway aims to address. AiSteth integrates advanced signal processing and AI with traditional stethoscope technology, enabling non-specialists to conduct comprehensive examinations by automatically detecting abnormal heart and lung patterns. In regions with limited access to healthcare, AiSteth can truly be a game-changer in bridging gaps and providing essential screening services to remote populations. Their mission aligns with the public health focus we’re trying to develop at Rainmatter Health, and we’re happy to support them in their journey as they enhance healthcare delivery in India and beyond. Here's a note from the founders of AI Health Highway:

A few highlights from FY2023/24 Zerodha. For years now, I'd been talking about regulatory risk in running a brokerage, and this was the year when all the risks materialized at the same time. We had plenty of positives. Content Today, we have some of the best content on all things stock market with Zerodha Varsity videos, Varsity Live, Zero1, Markets by Zerodha and more. All this is not just in English but also Hindi. We are working on more languages. Customer trust Our customers hold over Rs 5.66 lakh crores with us (in their demats) and are sitting on over Rs 1 lakh crore of unrealized gains. Financials Rs 4700 crore of profits. Our networth is over 40% of customer funds, which makes us among the safest brokers, not just in India but in the world. Risks As I alluded to in the beginning, many of the regulatory changes we were anticipating have come to pass. The True to Label circular, SEBI consultation paper on index derivatives, STT going up, annual maintenance charges impacted due to increased BSDA limits, and hit to our partner/referral business. Along with this, there's never been more competition in the broking space. Then there's the ever-present threat of markets going down. This perfect storm means big hits to the business. The best for the Indian broking industry may well be behind us. Pivot The goal now is to pivot and reduce the reliance on F&O for revenue. So we will be launching margin trade funding (MTF), public market investments, private market investments through Rainmatter by Zerodha, loans against security with Zerodha Capital, Zerodha Fund House JV with smallcase, Ditto Insurance JV with @finshots and more. Check out the full post in the comments.

Indians often monitor multiple portfolios within the family. There are various cultural and structural reasons for this, but the need has been recognized and is being addressed, say the founders of MProfit. Check out the link in the comments to watch the full conversation.

HDFC Capital Advisors Limited has launched the third edition of its flagship startup awards program - HDFC Tech Innovators 2024. We are excited to partner with HDFC Bank and invite startups to apply for this challenge. If your startup has a disruptive product or solution, seize the opportunity to be recognized by experts. Apply at: https://lnkd.in/eErdN5CJ

Running is one of the simplest ways to stay fit—you just need a pair of shoes and some determination to step out. It's great for cardiovascular health, fitness, stress relief, and building community, and it also brings people of all ages and genders together. But running in India is still far behind, say, the U.S., where 5cr+ or upwards of 15% of the population runs regularly, whereas in India, it is just 30lk runners or <0.3%. The number of women runners is even lower, in the US, it is ~50%, whereas in India, it is <10%. But things are changing. Rainmatter by Zerodha Health recently partnered with Vikas Singh, founder of fitpage, which educates, coaches, and creates opportunities for runners. Hopefully, many more initiatives like this will mean a lot more Indians will be running in the future and, in the process, also getting fitter. By the way, you might be surprised to know that every year dozens of men and women lose their lives trying to meet the physical qualifications of the armed forces. To help address this issue, Fitpage has launched a vernacular app to focus on training and educating the aspirants using their Bharti forces app to train systematically for physical tests offered for free. A few of us ran a 5 km, marking the start of the partnership. 😀 Link to the announcement post in the comments.

A centralised system which not only helps your financial planner track your investments better but also lets your CA file your taxes with ease is the phenomenal solution MProfit has been building. Catch the conversation with the founders of MProfit on the Rainmatter YouTube channel. Check out the link in comments.

We’re pleased to announce our investment in Health on Plants Private Limited, a company working on the plant-based foods and tofu space. Founded in 2020 by endurance athletes Sweta Khandelwal & Vijay P, Health on Plants began from the founders' search for nutritious vegan recovery foods catering to an Indian palette. Their flagship tofu and other plant-based products are known for the best quality ingredients and no harmful preservatives. What further stands out is their zero-chemical factory and commitment to sustainability, including repurposing byproducts and returning clean water to the fields. At Rainmatter, we’re excited to support Health on Plants in their mission for healthier, all-natural food options. Here’s a note from Vijay Pandey, the co-founder of the company👇