Zerodha’s Nikhil Kamath set to join Ather’s cap table
Nikhil Kamath, cofounder of Zerodha, India’s largest stock brokerage firm, is set to join Tiger Global-backed Ather Energy’s cap table with a fresh investment into the Bengaluru-based electric scooter maker, several people in the know told ET.
It isn’t clear how much Kamath would invest in Ather but one of the persons said the transaction would be made through a secondary share sale. In a secondary share sale, existing investors sell their entire holdings to new investors, but the money doesn’t go to the company coffers.
