New Delhi, Oct. 29 -- Zerodha is set to roll out a fixed deposit (FD) product on its Coin platform within the next two weeks, reported Moneycontrol.The move marks Zerodha's latest effort to expand beyond mutual funds and government securities into low-risk fixed-income offerings for long-term investors.

The FD product will be launched in collaboration with Blostem, a New Delhi-based fintech startup that has raised close to $1 million so far. Alongside the product launch, Zerodha's investment arm Rainmatter Capital is expected to lead a fresh funding round in Blostem, sources said. The funding amount, however, has not yet been disclosed.

Blostem already counts AC Ventures, Mobikwik, and Delhivery founder Kapil Bharti among its investors....