Nikhil Kamath’s Next Big Bet Is Makhana: Zerodha Founder Believes Bihar Superfood Can Power a Billion-Dollar Industry
Makhana, also known as foxnut, is rapidly gaining global recognition as a powerhouse superfood with immense commercial potential. Deeply rooted in Indian traditions, this nutrient-dense crop is primarily cultivated in Bihar, which contributes an astonishing 90% of the world’s total production.
As Makhana transcends its cultural origins and gains popularity abroad, it’s being hailed as the foundation for a booming industry with billion-dollar prospects.
Nikhil Kamath Backs Makhana’s Global Rise
Zerodha co-founder Nikhil Kamath is among those who see big potential in this humble superfood. In a recent post on X (formerly Twitter), Kamath remarked:
His endorsement reflects a growing trend among entrepreneurs and investors who are looking to turn traditional Indian crops into globally competitive products.“Maybe room here to build a really large brand — an Indian brand that sells to the world. Personally, I’m hooked on Makhana.”
Bihar’s Unique Role in the Makhana Economy
The flood-prone wetlands of Bihar, once seen as a farming challenge, have become an ideal environment for cultivating Makhana. The crop thrives naturally in water bodies, and many farmers are now earning three times more from Makhana than from traditional staples like rice.
Scientific innovations have also helped boost productivity. The introduction of 'Sabour Makhana-1', a high-yield variety developed by agricultural researchers, has doubled seed yields and increased the edible seed ratio from 40% to 60% — significantly improving profitability for local farmers.
Industry Growth and Challenges
Over the last decade, India’s Makhana industry has seen remarkable growth, with production tripling during this period. However, the sector isn’t without its challenges: Labor-intensive harvesting Stringent export quality standards Low global-grade yield (currently only 2% of seeds meet international benchmarks) Still, a combination of government subsidies and technological innovations has helped reduce these barriers, attracting new entrants to the market and supporting continued expansion.
The Health Halo: Why Makhana Is Going Global
A major reason for Makhana’s rise is its impressive nutritional profile. Rich in: Carbohydrates Protein Phosphorus and calcium It is also low in fat and calories, making it a favorite among health-conscious consumers worldwide. Makhana has been linked to benefits such as: Improved heart health Better blood sugar control Support for weight management These health claims have fueled demand across global markets, with prices reaching up to ₹13,000 per kilogram in some international outlets.
