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
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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. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
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.
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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.
- Total Funding Total Funding
- Total Rounds 6
- Last Round Last Round
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First Round
First Round
(21 Jan 2016)
- Investors Count 15
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Series C - Upstox | Valuation |
investors |
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| Aug, 2022 | Amount | Debt – Conventional - Upstox | Valuation |
investors |
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| May, 2022 | Amount | Series C - Upstox | Valuation | Xceed , Stride Ventures |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture debt is provided to growth-stage companies for business scaling.
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Founded Year | Domain | Location | |
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Venture and private equity investments are managed with global diversification.
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Founded Year | Domain | Location | |
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Venture debt financing is extended to companies across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Upstox
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Upstox
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Upstox Comparisons
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. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
An online platform for investments and trading services is offered.
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| domain | founded_year | HQ Location |
App-based brokerage stock trading platform
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| domain | founded_year | HQ Location |
Provider of online brokerage services and trading platforms
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| domain | founded_year | HQ Location |
Online trading of stocks, securities, and options is enabled.
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| domain | founded_year | HQ Location |
Online platform for stock trading, mutual funds, and investment tools.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Upstox
Frequently Asked Questions about Upstox
When was Upstox founded?
Upstox was founded in 2009 and raised its 1st funding round 7 years after it was founded.
Where is Upstox located?
Upstox is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Who is the current CEO of Upstox?
Ravi Kumar is the current CEO of Upstox. They have also founded this company.
Is Upstox a funded company?
Upstox is a funded company, having raised a total of $219.86M across 6 funding rounds to date. The company's 1st funding round was a Series C of $6.3M, raised on Jan 21, 2016.
How many employees does Upstox have?
As of Mar 29, 2024, the latest employee count at Upstox is 2.
What is the annual revenue of Upstox?
Annual revenue of Upstox is $10.6M as on Mar 31, 2023.
What does Upstox do?
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.
Who are the top competitors of Upstox?
What products or services does Upstox offer?
Upstox offers Upstox App, Mutual Funds Service, and IPO Service.
Who are Upstox's investors?
Upstox has 15 investors. Key investors include BlackSoil, InnoVen Capital, Shikhar Dhawan, Larry Fitzgerald, and Kal Somani.
What is Upstox's valuation?
The valuation of Upstox is $3.42B as of May 2022.
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