Business case Study: Zerodha Case Study: Bootstrapped to Billion dollar valuation startup without advertisements!

For those of you who do not know what Zerodha does, it is basically a stockbroker that offers the cheapest brokerage rates for futures and options, commodity trading, equity, and mutual funds. To understand how well they are doing let us take a look at their numbers for FY 2020:
Total net revenue: 2776 Cr
Total operating revenue: 1034 Cr
Total expenses: 500 Cr
Profit: 443 Cr
Here is the biggest reason why it’s mindblowing
Total money raised : 0
Valuation : 1B USD +
Okay, so was this made possible for a bootstrapped startup? Bootstrapped startups are startups that do not raise money, just like my company Think School is. To understand how Zerodha did this watch this video till the end. Credits: CNN-News 18, WION, NBC News, Money control pro, Business standard, TV18,Business Today, ABC news, CNBC, ET now ,Bloomberg originals, Financial Times, DW documentary, AL Jazeera English, BBC news, Firstpost. Fair use – This video is for educational purposes only. All materials used in this video, including images, audio, and video clips, are the property of their respective owners and are used here under the doctrine of fair use. This video is intended to provide commentary, criticism, research, and education on the subject matter. We believe this constitutes a fair use of any such copyrighted material as provided for in Section 107 of the US Copyright Law.

https://www.youtube.com/watch?v=vguLPoLiFNg