- Rainmatter acquired about a 5% stake in Capitalmind Financial Services Ltd
- This is Capitalmind's first institutional funding round since launching its fund business
- Nithin Kamath said the investment supports companies helping Indians manage money better
Rainmatter, the investment arm of Zerodha Broking Ltd. has acquired an approximately 5% stake in Capitalmind Financial Services Ltd. This marks Capitalmind's first institutional funding round, following the successful launch of its fund business.
“Very happy to announce their investment into our company with approximately 5 per cent stake,” said Deepak Shenoy, MD & CEO, Capitalmind Asset Management, in an “X” post.
Honoured to announce that Rainmatter has invested in Capitalmind Financial Services Pvt Ltd., the sponsor and parent of Capitalmind Mutual Fund.
August 6, 2025
Nearly two decades back, in a cafe on Dickenson Road, @Nithin0dha told me about moving averages and algorithmic trading strategies.… pic.twitter.com/ijhABhBXcENithin Kamath, founder and CEO of Zerodha and Rainmatter, said his company wants to back innovative companies that share its mission of helping Indians do better with their money, reported the Business Line.
Advertisement“In line with SEBI regulations, our stake is capped at 10%, and we will not have a board seat, ensuring their independence,” Kamath said, as per BL.
Kamath, in a post on X, also stated, It is sometimes surreal how life comes full circle. "Deepak Shenoy was among the first people I spoke to about the idea of Zerodha. When we started, he agreed to lend his credibility by having his name on our website as an advisor. We're happy to be backing him through Rainmatter as Capital Mind continues its journey of now being an AMC."
AdvertisementIt is sometimes surreal how life comes full circle.@deepakshenoy was among the first people I spoke to about the idea of Zerodha. When we started, he agreed to lend his credibility by having his name on our website as an advisor. 😬
August 6, 2025
We're happy to be backing him through… pic.twitter.com/EaaULNT0MmEssential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.