Zerodha CEO credits Indian startups’ success to investor support

Zerodha CEO Nithin Kamath attributes Indian startups’ success to investors outside India, emphasizing the necessity of creating wealth locally for inclusive growth. 

He stated, “I’ve said this earlier: for India to grow inclusively, wealth has to be created locally. Today, much of the success of homegrown startups goes to investors outside India. 

Staying in India and incorporating at home also saves the future hassle of paying huge taxes to flip back.” Kamath highlighted the importance of tapping into domestic capital, urging India to reduce reliance on foreign investment to encourage local support for startups. 

He remarked, “More Indians today than ever before are aspiring to be entrepreneurs thanks to government initiatives and messaging, the media coverage of the startup ecosystem, founder success stories, and more. 

The one thing we need to work on as a nation is to unlock domestic capital for startups/MSMEs. Reduce the dependence on foreign capital and get Indians to back Indian startups.” Kamath further noted the growing attractiveness of India as a destination for investment, citing local pools of capital, regulatory improvements, and the expanding IPO markets.