2/13/2023 0 Comments Zerodha pi buy at market![]() Even if there was a mini bear market, our business could drop by 40% in a heartbeat,” Nithin Kamath said.Įarlier last year, Zerodha had bought back shares from early employees. A broking business is an extremely high beta – highly correlated with the market conditions. “While our growth is exciting, we know that this isn’t sustainable. Oyo, Zomato, Swiggy, Cred, Paytm are some of the domestic startups that are valued at over $2 billion dollars. The $2 billion valuation would help Zerodha join an elite club of Indian startups that have reached such high valuations. ![]() He added that their business has risks and hence the “ conservative valuations”. We ran a buyback last year at $1 billion valuations & we will this year at $2 billion,” Nithin Kamath tweeted. “Everyone holds ESOPs & continuously get new options too. The buyback would value the discount brokerage firm at double what it was valued at the time of the previous buyback last year 2020. India’s largest brokerage firm Zerodha online is planning a buyback of shares from employees this year, valuing the firm at $2 billion, Founder and CEO Nithin Kamath said on Twitter today.
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