An online trading platform Upstox raises funds from famous cricketer Shikhar Dhawan footballer Larry Fitzgerald

The Mumbai-based company known as RKSV Securities was founded in 2009 by Shrini Viswanath, Raghu Kumar, Kavitha Subramanian, and Ravi Kumar. The company entered the retail brokerage market for the first time in 2011, and it relaunched as Upstox in 2016.

Zerodha, Groww, Paytm Money, and Angel One are its rivals. Upstox stated in May 2022 that it has surpassed Zerodha in terms of users with 10 million, as of that time. However, Upstox now had 5 million active users compared to 6,2 million for Zerodha. Nithin Kamath, the CEO and co-founder of Zerodha, tweeted in August 2022 that the business now has more than 10 million customers.

Vishwanath noted the company had grown at a speed of three times annually over the past three years and anticipated the growth rate to continue in an interview with Moneycontrol in May.

“Our greater objective is to be more than just a broker investor platform,” Vishwanath added. We wish to be a reliable platform for wealth management. We want to be in a position where people come to Upstox for loans, credit cards, fixed deposits, or savings accounts.

About Upstox

Upstox is an online investment brand of RKSV Securities. Incorporated in 2009, RKSV is a Mumbai, India based SEBI registered financial service provider. RKSV offers online stock trading, commodity trading, currency derivatives trading, mutual funds, and demat account. RKSV Sec is a member of NSE, BSE, MCX, NCDEX, NSDL, and CDSL. Upstox offers a fast, reliable & easy-to-use trading platform for traders in Indian stock market. Upstox offers low-cost trading services. The equity delivery (cash & carry) trading is offered for free to the customer. No brokerage is charge for orders placed in this segment. For all other trading segments across exchange, upstox charge flat Rs 20 per trade brokerage. Upstox is a company that has significantly invested in technology. It provides excellent trading platform and tools to its customers. This includes Upstox Pro Web, Upstox MF, Upstox Pro Mobile, and Algo Lab etc.

When was Upstox founded?

Upstox was founded in 2009.

Who is the founder of Upstox?

Upstox is now being led by Ravi Kumar (Co-founder & CEO), Kavitha Subramanian (Co-founder) and Shrini Viswanath (Co-founder).

Is Upstox hiring?

Upstox is hiring for multiple positions like Specialist / Lead – Content Writer, Copywriter (For ORM), Sr. Content Manager (Anchor Analyst), Copywriter etc.

What is the team size of Upstox?

As per the popular social media site LinkedIn, Upstox has 1,547 employees.

Where is the head office of Upstox?

Upstox’s headquarters is located at 30th Floor, Sunshine tower, Mumbai.

How much is the revenue of Upstox?

While the startup hasn’t filed its financials for FY22 yet, its business promotion expenses in FY21 stood at Rs 113.47 crore, a 5x jump from FY20. Its revenue in FY21 nearly tripled to Rs 429.12 crore but its net loss widened 89 percent to Rs 71.68 crore.

Upstox seems to be a fascinating startup with a motivating turn of events on the financial services platform. Best wishes for the new startup business venture. I wish them great success in the future!

Shishir Gupta, Founder and CEO, StartupLanes

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