Zerodha’s Founders Praise-Worthy for Building Business Without VC Funding, Says Capitalmind’s Deepak Shenoy

Deepak Shenoy, the CEO of financial advisory firm Capitalmind, has recently commended the founders of online stock trading platform Zerodha, Nikhil Kamath and Nithin Kamath, for their business approach that didn’t rely on venture capital funding.

Expressing his admiration, Shenoy mentioned that he hoped Zerodha would eventually go public to allow stock market investors like himself to be part of the business venture.

Shenoy underlined his respect for the Kamath brothers for their independence in building Zerodha without external capital, emphasizing his desire for the company to go public someday to give investors a chance to participate.

In a podcast called The Neon Show, Shenoy connected Zerodha’s story to the trading strategy of the late stock market icon Rakesh Jhunjhunwala, noting Jhunjhunwala’s preference for not using borrowed funds in trading.

Shenoy debunked the misconception that Jhunjhunwala solely accumulated wealth through long-term investments, citing Jhunjhunwala’s active trading and short positions as crucial aspects of his success, similar to Warren Buffett‘s strategy.

Highlighting Jhunjhunwala’s self-reliance in creating wealth without external funding, Shenoy underscored the importance of individual capital building, acknowledging Jhunjhunwala’s prudent financial decisions over time.