Do You Agree With Nikhil Kamath of Zerodha That People in Bengaluru Are “Nice”?
Nikhil Kamath, a co-founder of Zerodha, acknowledged the difficulties Bengaluru faced as the nation’s startup hub but yet voiced his appreciation for the city, naming it his favorite. In his podcast, WTF, Nikhil Kamath emphasized Bengaluru’s distinct features in contrast to other big cities, highlighting its superiority in spite of problems like bad roads and traffic.
“The big, big differentiator at the end of the day—scr** all the roads, the traffic… those things don’t matter—the people of Bengaluru are second to none because of the love they have for the city and how nice they are as people,” the speaker said, praising the citizens of the city.
He said that Delhi is known for “people who have a lot of money and they know it,” Mumbai for “good-looking people,” and Hyderabad for “Biryani.” On the other hand, Bengaluru is renowned for its friendly citizens.
Bengaluru people are “welcoming, normal, understated, and subtle,” according to Nikhil Kamath.
He said that Bengaluru offers entrepreneurs, in particular, unrivalled access to talent. He said that the skill available in Bengaluru at the prices it gives is unmatched if one needs to construct anything or launch a business, and he doesn’t believe that this kind of access is accessible anywhere else on the globe.
The co-founder of Zerodha also said that he often gets up with other prominent business figures in Bengaluru, such as billionaire Kiran Mazumdar-Shaw, executive chairman of Biocon, to discuss ideas for improving the city’s attraction.
He said that they are always working on projects to enhance people’s perceptions and experiences of Bangalore. Ten thousand cherry blossom trees are to be planted in the city’s center as part of their initiative.
Nikhil Kamath spoke about Bengaluru in an interview with The Print in March, emphasizing a notion he refers to as “paper wealth” that he thinks is common in the city. He called this a façade of wealth that stems mostly from people’s relationships with IT corporations.
Kamath claims that this wealth is immaterial and connected to stock-based pay in the IT sector. He emphasized that this kind of wealth merely creates the appearance of wealth and is not liquid.
Present property values are viewed with skepticism by Kamath, who called them “ridiculous and retarded.”
He highlighted the current state of interest rates and the difference between capital investment and rental income as justifications for his choice not to buy real estate.
Kamath expressed a preference for renting despite his financial success, emphasizing his sentimental tie to his parents’ house as his own piece of real estate.
