Overview

• This marks Rainmatter’s first institutional investment as the fintech arm takes a 10% equity position in Capitalmind.
• Zerodha’s fund refrains from seeking board seats to preserve Capitalmind’s operational independence under SEBI regulations.
• Capitalmind’s Flexi Cap Fund reopened on August 6 after raising ₹45 crore in its initial offer mostly through direct plans.
• About half of the direct-flow assets were invested via Zerodha’s Coin platform, highlighting the strength of digital distribution.
• Capitalmind will leverage the backing to pursue a Series A round and accelerate growth in both its retail mutual fund vertical and focused PMS arm.