TLDR:
- Zerodha’s Rainmatter venture arm has been instrumental in seeding Indian startups
- Rainmatter is now poised for further growth as India’s startup ecosystem evolves
In 2016, Zerodha, one of India’s largest stockbrokers, launched Rainmatter, a corporate venture capital arm, with the goal of supporting Indian startups. Initially focused on fintech, Rainmatter has since broadened its investment scope to include sectors like health, climate, and education. Over the years, Rainmatter has partnered with over 90 startups and invested close to $60m, benefiting from Zerodha’s profitability.
With a new government promising economic growth, Rainmatter sees potential for further expansion and growth in the Indian startup space. The landscape for startup funding has evolved with an increasing number of deals involving corporate venture capital. Rainmatter aims to provide patient capital to startups at all stages of growth, focusing on sectors crucial for India’s economic prosperity.
India’s startup ecosystem has gained momentum, attracting professional venture capitalists and CVC investors. Rainmatter seeks to offer more than just financial support, providing mentorship, resources, and expertise to guide startups through challenges and growth. As India’s startup scene matures, Rainmatter looks towards a future of continued evolution and value creation for its portfolio companies.
