Nikhil Kamath & Kiran Mazumdar Shaw together pledge Rs 50 lakhs to charity

Shaw was the guest on Kamath's podcast show

by exchange4media Staff
Published: Aug 3, 2023 2:06 PM | 1 min read

Zerodha's Nikhil Kamath along with Kiran Mazumdar Shaw has pledged ₹50 lakh to charity and asked the listeners and viewers of his podcast ‘WTF is’ to vote on which charity gets the funds.

In conversation with Zerodha co-founder Nikhil Kamath on his podcast, ‘WTF is with Nikhil Kamath’ Shaw shared how being a woman with no business experience made bankers see her as high-risk.

“I was 25 years old, I was a young woman, I had no business experience, I had Rs 10,000 in my bank and I was trying to start a strange business called biotech which nobody understood. And I was high-risk in the eyes of everyone that I had to meet, starting with bankers," she said. "Bankers didn’t want to touch me. I just wanted a credit line and in those days, there was no venture funding… it was debt finance. I wanted a loan and I wanted a credit line. I found it impossible because of all the reasons I just mentioned.

Nikhil’s inclination towards philanthropy is not new. He has been deeply invested in charitable efforts, as evident from his own pledge, YIPP (Your Investment, Partnering Philanthropy), and his generous contribution to the Bill Gates Foundation for India, as the youngest Indian to have pledged majority of his wealth with the Gates foundation for charitable causes in India.