'We're not in a hurry to grow by acquiring legacy firms': Zerodha founder

In a Q&A, Nithin Kamath explains why the company doesn't take the risky road of acquiring businesses for proxy licences

One consequence of the funding rush in the past year has been that fintech start-ups are acquiring licensed financial services companies -- BharatPe, along with Centrum, bought PMC bank, Groww acquired Indiabulls’ MF business and Cred has acquired NBFC Parfait Finance. But fintech unicorn Zerodha, which saw its best month yet in November as close to 4 lakh customer additions took its total user base to 7.6 million, does not plan to acquire any legacy business although it is planning to come up with mutual fund and NPS products. Nithin Kamath, founder and CEO of Zerodha, spoke to Deepsekhar Choudhury