Why Nithin Kamath's Rainmatter decided to set up a $100 million foundation

Thursday, 14 Jan, 6.30 am

Building a playbook for climate change solutions and livelihoods, taking risks with potentially scalable experiments and lessening the concentration of wealth in the hands of a few to create an equitable society-these are the goals Nithin Kamath, Co-founder and CEO of online brokerage Zerodha, has set for his $100 million Rainmatter Foundation.

Launched earlier this month, the foundation will work to support grassroots individuals and organisations, and companies working on solutions for climate change. Special focus will be on afforestation, ecological restoration and livelihoods.