Upstox
Founded Year
2009Stage
Series C | AliveTotal Raised
$54MValuation
$0000Last Raised
$25M | 4 yrs agoMosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
-37 points in the past 30 days
About Upstox
Upstox is an online trading platform that specializes in stock market trading and investment services. The company offers a range of financial products, including demat and trading accounts, mutual funds, IPO applications, and tools for tax planning and investment calculations. Upstox provides a technology-driven trading experience with access to various markets such as equities, futures and options, commodities, and currencies. It was founded in 2009 and is based in Mumbai, India.
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Research containing Upstox
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Upstox in 2 CB Insights research briefs, most recently on Jun 14, 2023.
Expert Collections containing Upstox
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Upstox is included in 3 Expert Collections, including Unicorns- Billion Dollar Startups.
Unicorns- Billion Dollar Startups
1,276 items
Wealth Tech
2,424 items
Companies and startups in this collection digitize & streamline the delivery of wealth management. Included: Startups that offer technology-enabled tools for active and passive wealth management for retail investors and advisors.
Fintech
13,978 items
Excludes US-based companies
Latest Upstox News
Jun 28, 2025
28 Jun 2025, 11:33 AM IST 28 Jun 2025, 11:33 AM IST Save Groww has crossed 100 million app downloads, becoming the first Indian investment platform to achieve this milestone. (Photo: Groww YouTube) Groww has become the first investment app in India to cross 10 crore downloads on Google's playstore, as the Zerodha rival readies for an initial public offering. Groww, having solidified its position as the largest trading platform in terms of user base, has 1.28 crore active clients, and commands a dominant 27.3% share of the market. According to the NSE data, Groww facilitated more than one-third of all new demat accounts opened in fiscal 2025. Its active client base rose to 1.29 crore by March 2025 from 95 lakh a year earlier, marking a growth of 36%. Zerodha, one of the most popular names in the industry, trails Groww with 77.6 lakh users, capturing a 16.5% share of the market. Angel One, another leading platform, ranks third with 74.5 lakh active clients, equating to 15.9% of the market. Other notable players include Upstox with 26.6 lakh users or 5.7% market share, and ICICI Securities, which rounds out the top five with 19.5 lakh users or a 4.1% market share. The total number of active users across India's trading platforms still below the five crore milestone, at 4.7 crore, as per unique client code data from the National Stock Exchange from May-end. Notably, this is lower than the total number of active clients registered in December last year, which came up to 4.9 crore. ALSO READ
Upstox Frequently Asked Questions (FAQ)
When was Upstox founded?
Upstox was founded in 2009.
Where is Upstox's headquarters?
Upstox's headquarters is located at Senapati Bapat Marg, Dadar (West), Mumbai.
What is Upstox's latest funding round?
Upstox's latest funding round is Series C.
How much did Upstox raise?
Upstox raised a total of $54M.
Who are the investors of Upstox?
Investors of Upstox include Tiger Global Management, Kalaari Capital, Aragen, Ratan Tata and Reddy Ventures.
Who are Upstox's competitors?
Competitors of Upstox include Sharekhan, Nuvama Wealth Management, Anand Rathi Wealth Services, Paytm, 5paisa and 7 more.
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Compare Upstox to Competitors
HDFC Securities is a financial services provider that offers various investment products and services. The company provides online trading in equities, mutual funds, derivatives, currencies, and commodities, along with investment advisory and financial planning tools. HDFC Securities serves retail and institutional investors through its digital trading platforms. It was founded in 2000 and is based in Mumbai, India.
Zerodha is a financial services company specializing in discount broking and online stock trading. The company offers a platform for investing in stocks, derivatives, mutual funds, ETFs, and bonds with a transparent flat fee pricing model. Zerodha provides educational resources and a community for traders and investors. It was founded in 2010 and is based in Bengaluru, India.
Kotak Securities is a financial services company that focuses on online stock trading and investment across various asset classes. The company offers products including equities, mutual funds, futures and options, IPOs, and others, for individual and institutional clients. Kotak Securities serves retail investors and traders who manage their investments and trading activities through digital platforms. It was founded in 1994 and is based in Mumbai, India.
Ventura operates as a brokerage firm. The company provides a complete array of financial products and services, as well as facilitates clients to trade in equity online. Ventura serves clients in India. It is based in Thane, India.
Groww is a financial services company specializing in investment and trading platforms. The company offers a range of services, including equity trading, direct mutual funds, and investment in US stocks, all through an online platform. Groww provides tools for both systematic investment plans (SIPs) and lumpsum investments, as well as educational resources to empower investors. It was founded in 2016 and is based in Bengaluru, India.
Banco Mercantil del Norte is a merchant bank, operating as a subsidiary of Grupo Financiero Banorte. It offers a wide range of banking products and services to individuals, businesses, and government entities. Banco Mercantil del Norte was formerly known as Banco Mercantil de Monterrey. It was founded in 1899 and is based in Monterrey, Mexico.
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