‘What’s the Use of Money If Planet Is Destroyed’: Nithin Kamath Says Zerodha’s Rainmatter Invested ₹ 275 Cr in Climate, Health Startups

In a recent LinkedIn post, cofounder of India's leading online brokerage platform, Nithin Kamath asked a thought-provoking question, "What is the use of money if the planet we live on is destroyed and our health is ruined?"

Nithin Kamath says climate and health will be 'megatrends'

He shared that at Rainmatter Capital, an initiative by Zerodha they invested about Rs 275 crores in 47 startups last year. “It may seem like we're investing in too many startups, but we aren't a typical VC and don't function like one,” the entrepreneur shared. “We don't take board seats, have no exit clauses, and have a perennial structure (patient capital)—that is, we are in it for the long term,” he added.

Kamath explained they could be “early” but their company believes that climate and health will be megatrends of the future. 

He further shared that he thinks Rainmatter is one way of giving forward. The Zerodha boss also said, “We want to back founders working on helping Indians be healthier and making the planet more livable.”

You can read Nithin Kamath's LinkedIn post here.

What is Rainmatter?

Founded in 2016, Rainmatter has invested approximately Rs 700 crore into over 100 startups to date. Marking its ninth anniversary, the fund disclosed plans to make an additional Rs 1,000 crore for investments over the next few years.

Rainmatter’s fintech portfolio has remarkable startups like Cred, investment platform Smallcase and insurtech platform Ditto. Moreover, it has supported ventures such as The Whole Truth, Ultrahuman, and Fittr in the health and fitness sector. In the climate sector, its investments include sustainable initiatives like Akshayakalpa and Solarsquare.

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