Is GoldenPi or Wint Wealth part of Zerodha?

No. GoldenPi, Wint Wealth and Zerodha are 3 separate SEBI registered stock brokers. The link is investment: Zerodha's Rainmatter has put money into both platforms, and Zerodha staff have pointed users to them while Zerodha had no corporate bond product of its own.

Fact	GoldenPi	Wint Wealth	Zerodha
Legal entity	GoldenPi Securities Pvt Ltd, a subsidiary of GoldenPi Technologies	Wint Securities Pvt Ltd, formerly Fourdegreewater Services	Zerodha Broking Ltd
SEBI registration	INZ000310732	INZ000313632	INZ000031633
NSE OBPP status	Enabled, 31st Dec 2025	Enabled, 16th Aug 2023	Not enabled
BSE OBPP status	Active, 19th Apr 2023	Not listed	Not listed
Zerodha tie	Rainmatter investor; called a strategic business partner	Rainmatter joined the ₹250 crore Series B; Nithin Kamath named as an angel backer	Not applicable
Where your bonds sit	Your own demat	A demat with Wint's own DP (IN304633)	Your Zerodha demat
SEBI penalty	₹4.5 lakh including directors, Jul or Aug 2025	₹1 lakh, 21st Nov 2025	Not covered here

Sources: NSE OBPP list, BSE OBPP list, GoldenPi llms.txt, GoldenPi FAQ, GoldenPi FAQ on shutdown, Wint about page, Entrackr, Moneylife, SEBI order on Wint. All read 17th Oct 2026.

What does Rainmatter's investment mean for me?

Less than people assume. GoldenPi's FAQ says "Zerodha and GoldenPi are strategic business partners" (GoldenPi), and Rainmatter took part in Wint's ₹250 crore Series B on 14th Jan 2026, led by Vertex Ventures (Entrackr). A minority investment does not make Zerodha responsible for either platform's bonds, prices or compliance; each answers to SEBI under its own registration. SEBI fined both platforms for settling trades off the exchange RFQ platform (Moneylife, SEBI order).

The confusion is common. On TradingQnA users ask whether both are backed by Zerodha or separate entities (TradingQnA), and one user reports that Zerodha support confirmed GoldenPi is separate (TradingQnA).

What is happening between GoldenPi and Oxyzo?

Oxyzo Financial Services, the lending arm of OfBusiness, announced on 19th May 2026 that it would acquire GoldenPi Technologies and its subsidiary GoldenPi Securities (Entrackr). Inc42 reports a share swap of about ₹42.4 crore, with Oxyzo shares going to the founders and Rainmatter (Inc42); Oxyzo's own post is dated 22nd May 2026 (Oxyzo). Completion had not been confirmed by 17th Oct 2026, and GoldenPi's llms.txt, updated 2nd Oct 2026, does not mention Oxyzo. GoldenPi Technologies also built and licensed the bond platform that IIFL Capital Services ran, which SEBI fined ₹2 lakh in Oct 2026 (Punjab Kesari).

Why did Zerodha send users to them?

Zerodha stopped corporate bonds on Coin in 2021, and on 11th Oct 2024 its staff pointed users to GoldenPi or Wint Wealth while it worked on bonds for Kite (TradingQnA). Wint once let users link a Zerodha demat; users report that from Oct 2024 it required its own demat instead (TradingQnA). See How do I buy corporate bonds on Zerodha? and the GoldenPi vs Wint Wealth comparison.