We are happy to announce our investment in Minimac Systems, a Pune-based company that is building the circular economy for India’s industrial lubricants, one machine and one factory at a time. The oil nobody talks about When we talk about India’s oil problem, we often mean fuel. But there is a second, quieter oil economy […]
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India has made remarkable progress in making financial transactions easier over the last decade. We can move money instantly, invest, access credit and buy all kinds of financial products digitally. But as access has increased, understanding our own financial lives has somehow become more complicated. For most of us, our lives are spread across multiple […]
Rainmatter is Zerodha’s fund for fintech, health, climate and deep tech. This is how we think about the climate and deep tech side of it. A note on what this is, before we get into it. Venture funds write investment theses because they have Limited Partners (LPs) (the institutions and individuals whose money a fund […]
All investing and trading platforms kind of look the same now, don’t they? I’m talking about Indian platforms, and sure, we can quibble about some features and some of the bells and whistles, but they seem to have converged into a broad sameness. Don’t get me wrong, I’m not saying they’re bad. I’m just saying […]
Every conversation about India’s manufacturing moment is about the factory. The machines, the assembly lines, the Production Linked Incentive (PLI) schemes. Almost nobody talks about what happens after the product rolls off the line, when it has to survive a truck to a port, a month at sea, and a forklift at the other end. […]
More recently, a consistent theme across all of our investments at Rainmatter has been a serious intent to back startups operating at the intersection of structural change and genuine commercial viability. Energy transition in India offers both. And finding teams that have worked answers for a tough sector like power is tough. VoltSeal is one […]
India sold 2.3 million electric vehicles in 2025. Electric two-wheelers and three-wheelers accounted for over 90% of that volume, with 1.28 million e-scooters and roughly 800,000 electric three-wheelers finding buyers. In FY26, the momentum has only accelerated. E-2W registrations crossed 1.4 million, up 22% year-on-year, and electric three-wheelers continued their steady march toward becoming the […]
Over the last decade, India has built an efficient system for road compliance. FASTag made tolls frictionless. Vahaan and Sarathi brought vehicle and licence records into one place. Challans are now issued in real time, often without any human interaction. The system works fast, is connected, and is increasingly difficult to bypass. But there’s another […]
Since inception, a consistent thread across our investments at Rainmatter has been a focus on backing businesses that are built not just for long-term success, but for meaningful, enduring impact. We look for teams that are deeply aligned with this philosophy, solving real problems while building with intent and integrity. Sukino stood out to us […]
Back in 2021, when we started backing startups in the climate and sustainability, we knew we were out of our depth. Let me qualify that statement. For the longest time before 2020, Zerodha was very keen to give back and help with community projects through CSR or otherwise. But we were all conscious of the […]
The world is entering a new phase of uncertainty. Rising geopolitical tensions, contested maritime zones, fragile supply chains, and climate-driven stress on coastal regions are reshaping how nations think about security, trade, and infrastructure. In this new reality, what lies beneath the water matters as much as what happens on land or in the air. […]
Here in Bengaluru, like much of the country, the past few weeks have been a reminder of how fragile import-dependent energy supply chains can be. The Bangalore Hotels Association warned of citywide kitchen shutdowns, PG accommodations changed their menus, and iconic restaurants publicly flagged uncertainty around supply. The commercial LPG shortage has been real and […]
The Storage Gap India has made remarkable strides in renewable energy. With over 250 GW of renewable capacity now installed and total generation crossing 500 GW, the country has emerged as one of the world’s largest clean energy markets. In 2025 alone, India added a record 44.5 GW of renewable capacity, nearly double the previous […]
The Plastic Recycling Gap Globally, less than 10% of plastic waste is recycled today. Mechanical recycling, which dominates current practices, depends on relatively clean and well-sorted streams such as PET or HDPE bottles and converts them into secondary recyclates. While effective for select applications, these recyclates are generally lower in performance and purity than virgin […]
Sanitary waste is a large, invisible problem. Over 12 crore women in India use sanitary pads. This results in billions of pads being generated every year, most of which end up in landfills or are burned. The bulk of used sanitary waste is disposed of in an unsafe and unscientific manner. This has an impact […]
Last month, we had dinner with some of the founders we have backed through Rainmatter. This was in the backdrop of GFF, so the meetup was largely with founders from the fintech ecosystem who were in Mumbai then. Btw, if you’ve not been tracking, we have over 130 startup investments of which a third are […]
The last few years have made something clear: climate volatility is no longer an exception; it’s the new operating environment for our cities. Flooding after routine rainfall, heatwaves that push public systems to their limits, and air quality that shifts dangerously within hours have exposed a simple truth: urban resilience is now a real-time challenge. […]
Most Indians will live 10–15 years beyond the traditional retirement age. Yet a large share of the workforce has no structured pension or long-term retirement plan. Over the next 25 years, nearly 20 crore people will reach retirement without adequate savings. The National Pension System (NPS) is one of the strongest retirement products available. It’s […]
Booking an FD with a bank where you don’t already have a savings account is still much harder than it needs to be. Every bank has its own onboarding and KYC flow, most of which are not designed for someone who only wants to open an FD. This friction keeps most people tied to their […]
At Rainmatter, we’ve often talked about how it’s increasingly difficult to eat healthy, especially for younger people living away from their families. Cooking regularly is tough, and the traditional dabba services rarely deliver food that’s nutritious and appetising. Ordering out every day isn’t a long-term solution either. That’s where The Kenko Life comes in. Kenko […]
Our planet was once alive with abundance. Herds of herbivores thundered across vast grasslands, swamps echoed with the croaks of amphibians, and forests rang with the calls of primates swinging freely through the trees. Today, that richness is fading. We are living through the sixth mass extinction, a crisis unlike any before. Extinction itself is […]
Every year, the world consumes 111 trillion tonnes of textile fibers. Over half of this comes from polyester, essentially plastic – that pollutes our oceans and soils with microplastics. Around a quarter is conventional cotton, which is notorious for its massive pesticide use and water consumption. Another 6.5% are man-made cellulosic fibers (MMCs), created through […]
Many of us in India have grown up without having open conversations about sex, seeing it as taboo or sometimes even feeling guilty about the little that’s spoken. Hence, sexual health challenges are far more widespread than most people realize. Male infertility now accounts for 50% of infertility cases in India, which is a significant […]
India is a water stressed country, inching towards becoming a water scarce one. While forming only 8 percent of current water demand, ‘industry’ is probably the most able to achieve water efficiency. Industry probably has the most incentive to optimise water use because it is aware of the risks it faces, in terms of business […]
Any building we walk into, be it apartment blocks, office buildings, shopping malls, hospitals, movie halls, etc., all use water for air-conditioning, kitchens, washrooms, and landscaping. Currently, this operational aspect of buildings is highly inefficient. In some cases, such inefficiency can even lead to public health issues. Some buildings can improve efficiency by becoming “water […]
