Zerodha founder Nithin Kamath is championing long-term impact through Rainmatter, his investment fund focused on climate tech, healthcare, and sustainability. In the past year alone, Rainmatter has backed 47 startups, prioritizing initiatives that make the planet more livable and people healthier.
“What is the use of money if the planet we live on is destroyed and our health is ruined?” Kamath shared in a LinkedIn post.
Rainmatter, which does not impose exit mandates or demand board seats, offers “patient capital” alongside mentorship, access to industry networks, and tools like financial APIs to help startups validate and grow their business models.
Leading Rainmatter’s investment portfolio is climate tech, with Rs 120 crore invested in 15 deals. Healthcare follows closely with 16 investments, albeit at smaller ticket sizes. Meanwhile, fintech has secured Rs 70 crore across eight deals, with the highest average deal size of Rs 8.75 crore.
Since its inception in 2016, Rainmatter has deployed approximately Rs 700 crore into over 100 startups, with nearly Rs 500 crore invested in 2023 and 2024 alone. Marking its ninth anniversary, the fund revealed plans to carve out an additional Rs 1,000 crore for investments over the next few years.
Rainmatter’s fintech portfolio features notable startups like Cred, insurtech platform Ditto, and investment platform Smallcase. In the health and fitness sector, it has supported ventures such as The Whole Truth, Ultrahuman, and Fittr. On the climate front, its investments include sustainable initiatives like Akshayakalpa and Solarsquare.