eStock broking company Zerodha’s Varsity opens on mobile

BENGALURU: Online stock broking startup Zerodha has launched its learning programme ‘Varsity’ in a separate mobile application format. Varsity, which was placed in the app store for a limited audience in March, has a 4.7 star rating and has been downloaded 20,000 times so far. ET had reported in its January 30 edition that Zerodha was working on a separate application for Varsity. Nithin Kamath, chief executive officer of Zerodha, said the company is betting on Varsity to attract millennials, among others, on to its platform.

“Over the next six months we will be majorly working on Varsity to make the application better and more powerful. Since it is mainly targeted at the millennial crowd, we want to get to a million users on the application as soon as possible,” said Karthik Rangappa, who leads the Varsity programme at Zerodha.

Kamath said the company is working on introducing vernacular languages as well, starting with Hindi and Gujarati.


Zerodha has also been pushing alternate investment options. ‘Coin’, the mutual funds offering from Zerodha, has about 200,000 users and assets under management of ₹2,700 crore, Kamath said. The product competes with players like Paytm Money and ET Money.

ET Money, which is offered by Times Internet—part of the BCCL group that publishes The Economic Times newspaper—is said to have an AUM of ₹2,000 crore.