According to reports, the Ministry of Corporate Affairs has levied individual penalties on Zerodha’s key personnel. Founder and Director Nithin Kamath, director Rajanna Bhuvanesh, and CEO Vishal Virendra Jain were fined Rs 4.08 lakh, Rs 5 lakh, and Rs 3.45 lakh, respectively
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SEBI has mandated Market Infrastructure Institutions (MIIs) to implement uniform charges for the benefit of end clients, effective October 1, 2024. This move seeks to harmonise fees across market participants, affecting both brokers and investors
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This funding follows the last fund raise Rs 14.5 crore pre-series A round in April 2023, which included Bollywood actor Akshay Kumar and cricketer Virender Sehwag as key investors
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