Zerodha’s early-stage investment group, Rainmatter, put about Rs 275 crore into 47 startups last year. Most of this money went to companies focused on climate and health. Rainmatter plans to invest another Rs 1,000 crore over the next few years.
While fintech startups received the most funding overall from Rainmatter, in 2024, they chose 15 startups focused on climate and 16 on health, but only 8 in fintech. Zerodha’s founder, Nithin Kamath, said, “We believe climate and health will be important trends in the future. By supporting these startups, we aim to help people live healthier lives and make our planet better.”
Since starting, Rainmatter has backed over 100 startups, investing in 32 fintech companies, 27 that help the environment, and 24 that focus on health. They have spent about Rs 700 crore since 2016. Recently, they invested Rs 10 crore in water recycling company Boson Whitewater and nutrition brand TruNativ.
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