Verified employee & interview reviews

Upstox Reviews

Mumbai, Maharashtra

4.3/ 5

3 reviews

Upstox, legally known as RKSV Securities India Private Limited, is a leading Indian fintech company and a prominent digital investment platform. Founded in 2009 by Raghu Kumar, Ravi Kumar, and Shrinivas Viswanath, the company is headquartered in Mumbai, Maharashtra. It was established with a mission to make financial investing simple, fair, and affordable for retail investors across India by leveraging cutting-edge technology to dismantle traditional barriers to entry in the stock market. The platform offers a comprehensive suite of financial products and services, including equity trading, commodities, currencies, futures and options, mutual funds, IPOs, and fixed-income products like T-Bills and bonds. Upstox is a member of major Indian exchanges, including the National Stock Exchange (NSE), Bombay Stock Exchange (BSE), and Multi Commodity Exchange (MCX). One of its defining features is its low-cost pricing model, offering zero brokerage on equity delivery trades and a flat fee of up to INR 20 for intraday and derivative orders. This competitive pricing, combined with a completely paperless onboarding process and zero account maintenance charges for new users, has helped it amass a customer base exceeding 13 million. Upstox is recognized as a "unicorn" in the Indian startup ecosystem, having achieved a valuation of approximately USD 3.5 billion. The company has raised over USD 220 million in funding from high-profile investors, including Tiger Global Management, Kalaari Capital, and Ratan Tata. These resources have enabled the firm to invest heavily in technological innovation, such as the launch of its "tick-by-tick" (TBT) engine, which provides users with real-time market data at high speeds, traditionally only available to institutional traders. The company operates primarily on a B2C model, catering to tech-savvy retail investors and traders through its user-friendly mobile application and web platform. Beyond trading tools, Upstox emphasizes investor education, providing resources like webinars and courses to help users understand market strategies and risk management. Led by CEO Mukunda Raghavan and co-founder Kavitha Subramanian, who oversees growth and strategy, Upstox continues to expand its ecosystem through strategic partnerships with entities like HDFC Life and IndiaBonds. For the financial year ending March 31, 2024, the company's operating revenue exceeded INR 500 crore, reflecting its significant market impact and role as a key innovator in India's evolving financial landscape. Future goals include further product diversification and potential geographical expansion beyond the Indian market.