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![Inc42 Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::605783487.png) Inc42 [@Inc42](/creator/twitter/Inc42) on x 51.1K followers
Created: 2025-07-03 07:34:50 UTC

.@zerodhaonline cofounder and CEO @Nithin0dha  Nithin Kamath believes that Jio Financial Services’ (JFS) entry into the stockbroking space doesn’t pose as much threat to the company as first-time founders. 👇

“I still feel our real competition is going to be more from first-generation founders who are running, breathing, and always thinking about broking,” Kamath said in a post on X. “I somehow don’t feel it (the competition) is really going to be from incumbents.”

Kamath was expressing his views on the JFS-BlackRock joint venture getting a broking licence from SEBI.

Calling the entity’s entry a “great news”, Kamath said that Jio “probably” has the “distribution might” to further expand the participation in Indian retail investor market beyond the current “top XX Cr Indians”.

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#news #Inc42 #Zerodha #Jio #Blackrock #stockbroking #JFS #JointVenture #growth #NithinKamath #NikhilKamath #growth

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**Related Topics**
[stocks financial services](/topic/stocks-financial-services)
[jio financial](/topic/jio-financial)
[$jiofinbo](/topic/$jiofinbo)

[Post Link](https://x.com/Inc42/status/1940675588286828630)