About Upstox
Upstox is a company based in Mumbai (India) founded in 2009 by Kavitha Subramanian, Ravi Kumar, and Shrinivas Viswanath. Upstox has raised $219.86 million across 6 funding rounds from investors including BlackSoil, InnoVen Capital and Shikhar Dhawan. The company has 2 employees as of March 29, 2024. Upstox offers products and services including Upstox App, Mutual Funds Service, and IPO Service. Upstox operates in a competitive market with competitors including Groww, Angel One, Interactive Brokers, Tiger Brokers and Kotak Securities, among others.
- Headquarter Mumbai, India
- Employees 2 as on 29 Mar, 2024
- Founders Kavitha Subramanian, Ravi Kumar, Shrinivas Viswanath
- Stage Unicorn
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Upstox Securities Pvt. Ltd.
- Jurisdiction Delhi, Delhi, India
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Annual Revenue
$10.6 M (USD)108.16as on Mar 31, 2023
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Net Profit
$794.76 K (USD)102.77as on Mar 31, 2023
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EBITDA
-$1.72 M (USD)94.26as on Mar 31, 2023
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Total Equity Funding
$219.86 M (USD)
in 6 rounds
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Latest Funding Round
Not available
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Investors
BlackSoil
& 14 more
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Employee Count
2
as on Mar 29, 2024
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Products & Services of Upstox
Upstox offers a comprehensive portfolio of products and services, including Upstox App, Mutual Funds Service, and IPO Service.
Mobile app for trading stocks, mutual funds, and IPOs online.
Platform for buying and managing mutual fund investments digitally.
Service for subscribing to and tracking initial public offerings.
People of Upstox
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Funding Insights of Upstox
Upstox has successfully raised a total of $219.86M across 6 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in Upstox
Upstox has secured backing from 15 investors, including angel, institutional, and venture fund investors. Prominent investors backing the company include BlackSoil, InnoVen Capital and Shikhar Dhawan.
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Venture and private equity investments are managed with global diversification.
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Venture debt financing is extended to companies across multiple sectors.
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Investor details for Upstox
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Investments & Acquisitions by Upstox
Investment portfolio details for Upstox
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Financial Statements - Upstox
Detailed financials for Upstox
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Upstox Comparisons
Peer comparison for Upstox
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Competitors of Upstox
Upstox operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Groww, Angel One, Interactive Brokers, Tiger Brokers and Kotak Securities, among others.
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An online platform for investments and trading services is offered.
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App-based brokerage stock trading platform
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Provider of online brokerage services and trading platforms
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Online trading of stocks, securities, and options is enabled.
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Online platform for stock trading, mutual funds, and investment tools.
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Detailed competitors of Upstox
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Latest news on Upstox
Complete news archive for Upstox
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Frequently Asked Questions about Upstox
Upstox was founded in 2009 and raised its 1st funding round 7 years after it was founded.
Upstox is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Ravi Kumar is the current CEO of Upstox. They have also founded this company.
Upstox is a funded company, having raised a total of $219.86M across 6 funding rounds to date.
As of Mar 29, 2024, the latest employee count at Upstox is 2.
Annual revenue of Upstox is $10.6M as on Mar 31, 2023.
Developer of tech driven trading platform offering low cost brokerage. The platform provides seamless access to equity, commodity, and currency trading with commission-free delivery trades and competitive pricing for active traders. It integrates real-time market data, advanced charting, and efficient order execution. Revenue streams include brokerage fees on non-free trades, margin funding services, and value-added financial products. Designed for beginners and experienced investors alike, the system is engineered for accessibility and cost efficiency in capital markets.
Upstox offers Upstox App, Mutual Funds Service, and IPO Service.
Upstox has 15 investors. Key investors include BlackSoil, InnoVen Capital, Shikhar Dhawan, Larry Fitzgerald, and Kal Somani.
The valuation of Upstox is $3.42B as of May 2022.