Bangalore-based online broking firm Zerodha is in talks with US-based brokerages to raise about $1 million. The firm is looking for a strategic investor who would double up as a technology partner. Zerodha’s daily business is about Rs 2,500 crore in equities, out of which about 95% is in F&O segment and rest in cash. Besides, the daily turnover in commodities is about Rs 500 crore. A zero-debt firm, Zerodha’s capital base is Rs 15 crore, all from promoters.
Source: Deccan Herald
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