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Zerodha establishes $1-million annual open source software fund

  • Zerodha, a stockbroking platform, has established a $1 million annual fund for Free/Libre and Open Source Software (FOSS/FLOSS) organizations.
  • The fund aims to provide financial assistance to FOSS projects globally, with an initial commitment of $1 million.
  • Zerodha has been utilizing FOSS stack for a long time to develop financial technology products and services.
  • The company plans to allocate $10,000 to $100,000 to various projects and may increase the funding in the future.

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