Zerodha, a popular Indian investment platform, suffered an outage on April 27, 2023. Users reported difficulties in accessing their accounts and executing trades during the trading hours. The company acknowledged the issue on its social media handles and stated that it was working to resolve the problem. The exact cause of the outage has not been disclosed by the company. Zerodha is one of the largest discount brokers in India, with over 5 million clients. The outage resulted in significant losses for many traders who were unable to execute trades during the period of disruption. Zerodha is a popular Indian investment platform that allows users to invest in stocks, mutual funds, and other financial instruments. On April 26, 2023, Zerodha suffered a major outage that left many users unable to access their accounts and carry out transactions. The company acknowledged the issue and posted regular updates on its social media channels, stating that it was working to resolve the issue as quickly as possible.
The outage was caused by a technical glitch, and the company’s engineering team was working to fix the problem. Zerodha also assured users that their funds and investments were safe and secure, and that it would provide updates as soon as the issue was resolved.
The outage caused frustration among many Zerodha users, who took to social media to express their disappointment with the platform’s reliability. Some users criticized the company for not having sufficient backup systems in place to prevent such outages, while others expressed concern about the impact on their investments.
Zerodha has been a popular investment platform in India, known for its low fees and user-friendly interface. The outage has raised questions about the platform’s reliability and ability to handle high volumes of traffic, and may prompt some users to explore other investment options.