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Nikhil and Nithin Kamath are the Next Ambani’s This is the story of how two brothers with no external funding built Zerodha, which is India’s most profitable stock brokerage, reshaped retail investing, and created one of the strongest fintech businesses in the country. Zerodha’s rise wasn’t sudden or accidental it was the result of years of quiet, disciplined decisions that completely changed how Indians invest. From charging an account opening fee when everyone else was free… to rejecting venture capital when funding was easily available… to educating millions without running a single traditional ad… This is not just a startup story this is a long-term business playbook. In this deep-dive case study, we break down: • How Zerodha actually started and the problems Nithin & Nikhil faced as traders • The flat-fee brokerage model that disrupted the entire industry • How Zerodha gained customers without ads, discounts, or influencers • Why they never raised VC money and how that became their biggest advantage • How Varsity quietly became one of India’s smartest marketing tools • The 3 strategic decisions that triggered Zerodha’s explosive growth • Their subtle but powerful content & creator-led marketing strategy • The thinking behind Rainmatter’s investments across fintech, health, and climate • Why the Kamath brothers could become India’s next Ambanis • And finally, what both investors and founders can learn from the way Zerodha thinks about long-term growth and capital If you want to understand how a bootstrapped Indian company scaled to 1 crore+ users, stayed profitable from Day 1, and built trust instead of hype, this story is for you. Timestamps: 00:00 – Teaser 01:21 – How Zerodha Started (Nithin & Nikhil Kamath Story) 09:15 – Zerodha’s Growth Journey 15:06 – Why They Could Become India’s Next Ambanis 18:02 – Key Takeaways