India's largest retail stockbroker — bootstrapped, profitable, never raised outside capital
Bengaluru-based discount brokerage that pioneered flat-fee equity trading in India and became the country's largest retail broker by active clients. Runs the Kite trading platform, Console reporting, Coin for direct mutual funds, and the Varsity investor-education library. Notable for having taken no outside investment in fifteen years of operation, which is also why it carries no priced valuation.
Fintech📍 Bengaluru, IndiaFounded 2010
Current Valuation
$8.0B
as of 2026-Q1
UNICORN
QL Price
$8.0B
0% vs last round
QuantLogix's current estimate for Zerodha, published 2026-10-01 — in line with the last disclosed round of $8.0B (2026-Q1).
Confidence
low
Basis
round anchored
What backs this price
Last disclosed round
$8.0B
2026-Q1
weight 0.71
How this price has held up
No round has priced for Zerodha since QuantLogix began publishing a price for it, so there is nothing to grade yet. The claim above is on the record from 2026-10-01 and will be graded against the next priced round. See the full accuracy record →
Which publicly-traded funds already hold it, what $10,000 buys, and whether any route is open to you.
Cite this price as QuantLogix QL Price, Zerodha, 2026-10-01 (5f9e8650bbc04693).
The id pins this exact claim, so a citation stays checkable after the price moves.
Model estimate for research — not a quote, target price, or investment advice.
IPO Outlookprivate
Is Zerodha going public?
No. Zerodha is private and has not filed to go public. There is no S-1 on file.
What is Zerodha's valuation in 2026?
Zerodha is valued at $8.0B as of 2026-Q1. That is the last confirmed mark, not a live price — private shares do not trade continuously.
Has Zerodha filed an S-1?
No public S-1 is on file for Zerodha.
Is Zerodha publicly traded — can you buy Zerodha stock?
No. Zerodha is a private company — its shares are not listed on any exchange and there is no ticker. The routes to exposure are pre-IPO secondary marketplaces and funds (accredited investors), employee tender offers when the company runs one, and public companies with read-through exposure. QuantLogix maps every route it can verify for Zerodha on its Pre-IPO Access Desk.
Answers are derived from the roster record shown on this page — filing status, last round and confirmed marks. Where the record is silent, the answer says so rather than guessing.
Company Profile
CEO
Nithin Kamath
Founded
2010
HQ
Bengaluru, India
Employees
~1200
IPO Status
private
Fundraising Status
private
Talent Signal
No public careers page or job board could be found for Zerodha as of 2026-09-15. That itself is a datapoint: no open external hiring surface.
Checked the company site and major hosted job boards. Re-checked monthly.
Founders & Key People
Nithin KamathNikhil Kamath
Products
Kite
Console
Coin
Varsity
Streak
Competitors
Groww · Upstox · Angel One · Dhan
FintechBrokerageIndiaBootstrappedRetail Investing
Private-company numbers are not real-time. Reflects publicly disclosed valuations from press releases, news reports, and tender offers as of 2026-Q1. Refreshed quarterly.