One of the fastest-growing stockbroking companies and first brokers in India to introduce commission-free trading for investors. Our customers enjoy zero brokerage on equity delivery trades and a flat Rs. 20 per order pricing model on all other segments.
We are on our way to becoming the leader in low-cost brokerage and the No.1 stockbroker in the country. We scaled from a customer database of 25k customers in 2017 to 2 Lakh customers in 2019 to 5 million customers now in April 2021. The company will continue to be driven by its guiding principle of making trading in stock markets simple and affordable for all. The company’s focus on high-design and leading-edge technology seeks to revolutionize the online trading industry in India, all at disruptive price points. Backed by Ratan Tata, Upstox had raised $4 million in Series A funding in early 2016 that was led by Kalaari Capital. The round also saw participation from health care tech firm GVK Davix Technologies Pvt Ltd. US-based investment firm Tiger Global Management invested $25 million in the company in September 2019 in a Series B funding round.
We have a team of highly skilled technology and finance professionals and are currently looking for highly motivated field experts to be part of our high-energy team.
Our journey started in 2010, when Raghu Kumar (RK), Ravi Kumar (RK), and Shrinivas Viswanath (SV) founded RKSV Securities India Pvt. Ltd., a proprietary trading firm. In 2012, we opened up to the general public by entering the retail brokerage space as a discount-broking firm. The dream was to make stock-market investing affordable and easy for all Indians while ensuring that we also made profits from the venture. In 2016, we rebranded ourselves as Upstox. Kavitha Subramanian (KS) has now joined the founding team and is propelling Upstox to its new heights. The uniquely global-Indian model of Upstox is strongly reflective of the Indian-American antecedents of its co-founders, who bring their knowledge and experience of working in both the Indian and US financial markets.