Nithin Kamath says business with Kolkata green startup boosted profits, rural income: 'Need more...'

Zerodha CEO and billionaire Nithin Kamath recently highlighted a successful partnership with Kolkata-based green startup Amwoodo, attributing a significant boost in profits and rural income to their collaboration. Amwoodo, known for its sustainable business model, focuses on transforming agricultural waste into eco-friendly products. Kamath emphasized that this venture not only aligns with Zerodha's commitment to sustainability but also taps into the growing demand for green alternatives. The collaboration has reportedly led to a notable increase in income for rural communities involved in the supply chain. Farmers benefit from additional revenue streams by providing raw materials, which are typically considered waste. Kamath praised Amwoodo's innovative approach, which creates a symbiotic relationship between urban businesses and rural economies, fostering economic growth and environmental responsibility. Kamath expressed the need for more such collaborations, urging other businesses to adopt similar models that support sustainability and rural development. He believes that partnerships like these can drive significant change, encouraging industries to rethink their impact on the environment and society. By investing in green startups, companies can not only enhance their profitability but also contribute to a more sustainable future.

— Authored by Next24 Live