Bengaluru-headquartered stock brokerage company Zerodha, which in June announced to spend ₹60-65 crore to buyback ESOPs valuing the company at $1 billion, has been valued at $3 billion by Hurun Global Unicorn List of 2020. "Valuation really matters only if you intend to sell a portion of your company, otherwise it's just a vanity metric," Zerodha Co-founder Nithin Kamath said.