About Upwardly
Upwardly is a Technology company based in Bengaluru (India) founded in 2016 by Priyanka Gupta and Prateek Mehta, and was acquired by Scripbox in August 2019. Online platform focused on mutual fund investments. Upwardly has raised $462.49 thousand across 1 funding round from investors including Scripbox, Sreeram Iyer and Kushal Shah. Its chief executive, as recorded, is Atul Shinghal. The company was acqui-hired. Its focus areas include FinTech, Investment Tech, Online Trading Platforms and Public Market Funds. Its legal entity in India is TRISKAIDEKAPHILLIA SOLUTIONS PRIVATE LIMITED (U93000KA2016PTC086022). Its competitors include Scripbox, FundsIndia and Kuvera; 3 of its 3 listed competitors have raised funding.
Company details
Upwardly was established in 2016 in Bengaluru, India, as an online platform specializing in mutual fund investments within the fintech sector. Social and financial graphs are provided to consumers for creating and managing financial goals. Rankings for various mutual fund categories are offered, along with alerts, analytical tools, and algorithms to support decisions in buying and selling public market securities.
- Headquarters Bengaluru, India
- Founders Priyanka Gupta, Prateek Mehta
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website upwardly.in
- Acquired by Scripbox (Aug 2019)
- Legal Name Triskaidekaphillia Solutions Private Limited
- Date of Incorporation 11 Feb, 2016
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Upwardly
Upwardly operates through Triskaidekaphillia Solutions Private Limited (strike off). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2021) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Triskaidekaphillia Solutions Private Limited CIN U93000KA2016PTC086022 | Strike Off | 11 Feb 2016 | Bangalore, Karnataka | ₹0.0 Cr | 2 | View details |
Funding Insights of Upwardly
Upwardly has successfully raised a total of $462.49K through 1 strategic funding round. The most recent funding activity was a Seed round of $462.49 thousand completed in July 2017. 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 $462,492
- Total Rounds 1
- Last Round Seed — $462,492
- First Round $462,492
(Jul 2017)
- Investors Count 23
All 1 funding rounds of Upwardly with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2017 | $462,492 | Seed | – | Sreeram Iyer, Kushal Shah |
24 investors in total: 1 institutional and 23 angel.
Investors in Upwardly
Upwardly has secured backing from 24 investors, including angel investors. Prominent investors backing the company include Scripbox, Sreeram Iyer and Kushal Shah.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
SI Sreeram Iyer | unknown_e2f58aeecbe54945b | |||
KS Kushal Shah | unknown_6de81b4d1f24456e9 | |||
IB Inder Bhushan | unknown_77be3e30ab37426ea | |||
NS Namit Sureka | unknown_9b88a59289fd4ee8b | |||
AR Ankor Rai | unknown_c0e989e0754c4f7f9 | |||
JB Jaideep Billa | unknown_4357a510abef46b3b | |||
CP Chiranth Patil | Angel investor and entrepreneur, co-founder of Riskcovry, focused on insurtech | unknown_e5659642564e40548 | ||
GB Gaurav Bhalotia | unknown_bb9e2b670e4147989 | |||
RV Ramaswamy Venkatachalam | unknown_3de96a5892c044f7b | |||
MM Manish Maheshwari | Former Twitter India MD, angel investor, and edtech entrepreneur | unknown_033e36f8f37844c88 |
Investor details for Upwardly
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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Verified entity values are shown only after access is granted.
Board of directors of Triskaidekaphillia Solutions Private Limited (Upwardly)
Triskaidekaphillia Solutions Private Limited is the primary company behind Upwardly. The board of Triskaidekaphillia Solutions Private Limited currently have 2 directors; the longest-serving is Sanjiv Singhal, appointed in 2020. 8 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Sanjiv Singhal DIN 02082783 | Director | 31 Jan 2020 | 6 yrs 9 mo | Triskaidekaphillia Solutions Private Limited |
| Atul Vimal Shinghal DIN 02298681 | Director | 31 Jan 2020 | 6 yrs 9 mo | Triskaidekaphillia Solutions Private Limited |
People of Upwardly
3 people are tracked at Upwardly (3 in leadership).
| Name | Role | Group |
|---|---|---|
Priyanka Gupta | Co-Founder | Leadership |
Prateek Mehta | ex-Co-Founder | Leadership |
| CEO | Leadership |
Complete people profiles for Upwardly
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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- Team structure
- Board tenure
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Verified entity values are shown only after access is granted.
Financials of Upwardly
Figures of Triskaidekaphillia Solutions Private Limited, the primary company behind Upwardly, for FY 2021. Revenue was ₹46,929 (-100% year on year). Net loss was -₹63.5 Lakh (-13534% margin). EBITDA was -₹63.5 Lakh (-13534% margin). Revenue has grown at a compounded annual rate of -80% over three years.
- ₹46,929Revenue · FY 2021 · -100% YoY
- -₹63.5 LakhNet loss · -13534% margin
- -₹63.5 LakhEBITDA · -13534% margin
- ₹6.08 CrPaid-up capital
- -80%Revenue CAGR, 3 years
Balance sheet, profit and loss, cash flow and ratios of Triskaidekaphillia Solutions Private Limited are on its company page.
Detailed financial statements for Upwardly
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Verified entity values are shown only after access is granted.
Timeline of Upwardly
3 dated milestones of Upwardly across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Upwardly is founded.
- Funding First funding round of $462K.
- Exit Acquired by Scripbox.
Competitors of Upwardly
Upwardly has 3 listed competitors in our database, 3 of them funded. They include Scripbox, FundsIndia and Kuvera.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| scripbox.com | 2012 | Bengaluru, India | $83.98M | 398 | Platform offering mutual fund investments, financial planning, and wealth growth services | |
| fundsindia.com | 2008 | Chennai, India | $16.64M | 881 | Online investment platform for mutual funds and other financial products | |
| kuvera.in | 2016 | Bengaluru, India | $10.11M | 82 | Mutual fund portfolios are created via an app-based investment platform. |
Detailed competitors of Upwardly
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
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Verified entity values are shown only after access is granted.
Top companies in Investment & Financial Technology
2 companies that operate in the same segment as Upwardly (Investment & Financial Technology) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 |
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Related news about Upwardly
Complete news archive for Upwardly
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Frequently Asked Questions about Upwardly
Upwardly was founded in 2016 and raised its 1st funding round 1 year after it was founded.
Upwardly is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Atul Shinghal is the CEO of Upwardly, as recorded in our data.
Upwardly is a funded company, having raised a total of $462.49K across 1 funding round to date. The company's 1st funding round was a Seed of $462.49K, raised on Jul 2017.
The primary company behind Upwardly, Triskaidekaphillia Solutions Private Limited, reported revenue of ₹46,929 for FY 2021, down 100% year on year.
Upwardly was established in 2016 in Bengaluru, India, as an online platform specializing in mutual fund investments within the fintech sector. Social and financial graphs are provided to consumers for creating and managing financial goals. Rankings for various mutual fund categories are offered, along with alerts, analytical tools, and algorithms to support decisions in buying and selling public market securities.
Upwardly's top competitors include Scripbox, FundsIndia and Kuvera.
Upwardly has 24 investors. Key investors include Scripbox, Sreeram Iyer, Kushal Shah, Inder Bhushan, and Namit Sureka.
Upwardly operates through Triskaidekaphillia Solutions Private Limited.
Yes. Upwardly was acquired by Scripbox in August 2019.
The legal entities of Upwardly currently have 2 directors, including Sanjiv Singhal, Atul Vimal Shinghal.