Zerodha

“Yeah, they followed them.”

“We as a broker end up making lesser revenue as a typical user might pay in security transaction tax, plus the transaction charge that an exchange charges, plus SEBI says, education says, all of that put together.”

“Settling amongst each other, or they're betting against a local broker who's not going to the formal exchanges. It's the biggest hindrance to our business.”

“The interface in businesses like us, I agree with you a hundred percent will become irrelevant. If I could use the analogy of say cryptocurrency and the blockchain, I think where people like us come in is we're essentially not a company of interface, but a com…”

“Like us, inherently, we, we've never done ads, and I don't mean in like one, two years, but I'm talking about like, 1516 years.”

“We've never raised any capital in anything.”

“NSE decided to take Omnisis and make it free for all brokers. So for the first four years, Zerodha did not need to build front-end software at all, because they got it free from the exchange, not four years, maybe three years.”

“Like all of us, I think would be sub-fifteen million.”

“So 2010, we started Zarodha, you know, and, ah it started off as I mean, it was not meant to be what it is today, you know, like, I still remember the first email I had sent, I said, if we can get to 10,000 customers, we have arrived in life, you know, so, we …”

“You know, like, since the day I started trading, I'm talking like, 17, 18 years. I think I was sick once. Sick enough not to trade. And I was in the hospital for 10 days or something. I'm talking, what was that, 1213 years ago? Something like that. 1213 years …”

“I know a little bit about neural networks because we use it in trading, right? Like we dump in volume, price, time, data, and we wait for the network to throw out patterns that it could recognize in the past.”