Upstox Success Story-  Investments With Zero Brokerage And Tech-Driven Solutions

Upstox is a Financial Software company located in India which provides consumers new ways to invest their wealth.

Upstox Success – About

The success of Upstox can be attributed to its founding team’s diverse expertise and shared vision: Ravi Kumar, Raghu Kumar, Shrini Viswanath, Kavitha Subramanian

The Founders

Upstox has an extensive coverage of financial instruments which include; trading in equities, IPOs, mutual funds, futures and options trading, commodities, and currencies.

Upstox Business Model

Series A (2016): which raised $4 million by Kalaari Capital • Series B (2019): of $25 million which was led by Tiger Global Management

Funding Rounds

2014: This company has touched its important trading turnover of Rs 4000 crore plus. • 2020: First Stock Broker hit a figure of 10 Lakh users (Achievement appreciated by CDSL).

Growth Milestones

FY23 Operating Revenue: It involved reaching a sales turnover of Rs 1,000 crore. • FY23 Profit: Rs 25 crore (Was in the red in FY22, turning into a profitable company)

Financial Performance