Zerodha has no institutional financing round in the reviewed public ledger. The company says it has been bootstrapped and profitable from its early days, with no external investor pressure.
That means Captables is not manufacturing a “latest round” to make this profile resemble venture-backed peers. A blank financing ledger is the substantive finding for this company, not a missing-data placeholder.
Zerodha still appears in the Private 100 source universe at number 77, with a third-party estimated value of $3.60B. That estimated company value is not a financing valuation, current executable price or evidence that outside investors own shares.
This conclusion is bounded by the company's own public statement and the reviewed sources available as of 2026-09-03. A private issuance not made public could be absent, and any later financing should be added only with attributable evidence.