Rainmatter Capital

Rainmatter Capital, an initiative by India's largest stockbroker Zerodha, is a Bengaluru-based venture capital arm launched in 2019. It operates with a unique model, investing from Zerodha's balance sheet rather than a traditional fund, which allows for a more patient and founder-friendly approach. The firm is known for not seeking board seats, granting founders significant autonomy and fostering an environment conducive to innovation within their portfolio companies.

Initially established with a strong focus on the Indian fintech ecosystem, Rainmatter Capital has strategically expanded its investment mandate. It now actively supports early-stage startups across three key sectors: fintech, health, and climate technology. The firm seeks out capital-light businesses that are building impactful solutions for India's unique challenges and opportunities, reflecting a commitment to leveraging technology for broader societal benefit beyond just financial services.

Rainmatter typically provides first cheques ranging from $100,000 to $1 million, targeting early-stage companies with promising ideas and initial traction. This flexible investment range allows them to support a diverse set of ventures. As of early 2023, Rainmatter Capital had built a robust portfolio of over 40 startups, demonstrating its significant presence and commitment to the Indian startup landscape. Their portfolio includes well-known names like Smallcase, Sensibull, and Ditto Insurance in fintech, alongside emerging players in health and climate tech, showcasing their diversified yet strategic investment philosophy.