OUR PEOPLE
Meet the founders
Ravi Kumar
Co-founder
Ravi started trading when he was 16. A story of him from his teenage years showcases his love for trading and the stock markets – He would use his breaks in highschool to call back home to instruct his family....
Read More
Kavitha Subramanian
Co-founder
Kavitha Subramanian is a co-founder at Upstox, where she is responsible for growth, strategy, finance and customer experience. Prior to Upstox, Kavitha was a private equity investor at Leapfrog Investments and Actis Investments. She was a management consultant at McKinsey....
Read More
Shrini Viswanath
Co-founder
Just like Ravi, Shrini too shares similar aspirations and ambitions with regards to trading. When Shrini moved back to India, he recognized the tremendous growth potential in the trading industry. And motivated by this, he led technological innovations and built....
Read More
Our Story

We have been in the business of building wealth for our customers for over a decade. Ravi, Shrini and Raghu had spent most of their lives in the United States where they had started multiple companies together. One of their annual family trips to India in 2009 turned into a life changing moment when they saw the tremendous potential in the Indian market - back then, the equity market participation in India was just 2%.


So Upstox was born in 2009 (then known as RKSV) in a small apartment in Delhi, serving a small cohort of customers, helping them grow their investments in the public markets. We then moved to Mumbai, and momentum grew. Thousands of customers joined us purely through word of mouth. Kavitha joined the team a few years into our journey and supercharged our growth, strategy, finance and operations. This was the beginning of our exponential scaling.


We kept innovating at the cutting edge of fintech, even before fintech was a thing! We were the first in the industry to launch unlimited trading plans at a fixed price.

Another first was going completely paperless for our onboarding back in 2016. Thanks to the ‘financial superhighway’ innovation of the government (the push for digital identity via Aadhar and eKYC and the push for digital payments), our scale grew by orders of magnitude.


We expanded our proposition from India to Bharat, with 70% of our new users coming from Tier 2 / 3 markets. This exponential growth came because of reducing barriers to entry to all customers. In 2021, we took this rocketship to the moon with our partnership with the Indian Premier League (IPL). In 2020, we had crossed a cumulative number of a million customers, and in 2021, we added the same number in a single month! Our first nationwide partnership with the world’s largest cricketing league along with our mass media campaign made us a household brand across the country.


We are just getting started, and we will continue to build for every Indian’s prosperity.

Read More
HISTORY
A walk down memory lane

Take a look at how we have progressed over the years

2010
2012
2014
2016
2016
2016
2019
2020
2021
2021
2021
2022
2010

It’s official!

We receive our licence to begin our trading business in India under RKSV Securities Pvt. Ltd.

2012

Start-UP

We enter the retail trading space becoming the first to launch unlimited trading plans

2014

₹4000 cr+

Within 2 years, we hit a trading turnover of ₹4000 cr thanks to our loyal customer base

2016

Backed by the best

We get our first round of funding (Series A) worth $4 Mn from Kalaari Capital

2016

Trusted by the best

Along with Kalaari Capital, in the same year we get funded by Mr. Ratan Tata

2016

Levelling-UP

RKSV securities becomes Upstox and is the first in the industry to launch a completely paperless account opening process

2019

Trusted by the best

We receive another round of funding (Series B) from Tiger Global

2020

10 lakh and counting...

We get awarded by CDSL for being the first broker to onboard the highest number of users in a single month

2021

UPwards & onwards

With another round of funding from Tiger Global (Series C), our valuation rises to $3.5 bn, getting us a spot in the list of Indian unicorn startups!

2021

Crossing boundaries

We become the official partners for TNPL, IPL and ICC

2021

The UPgrade

We get a new identity and announce the launch of a newer, faster and better app with advanced features such as MTF, smart lists, smart filters and more.

2022

₹60,000cr+

Our trading turnover crosses the ₹60,000cr+ mark!

OUR PEOPLE

Meet the changemakers

Backed by the best

Upstox is backed by marquee investors like Mr. Ratan Tata & Tiger Global Management

1 Cr+
Happy Investors
4.5 star-icon
Play Store Rating
₹60k Cr+
Turnover
More About Us

Awards & Accolades

Highest number of Demat Accounts in a single month by CDSL in October 2021 - Upstox Awards
Highest number of Demat Accounts in a single month by CDSL in October 2021
Best innovation in wealth management in 2020 - Upstox Awards
Best innovation in wealth management in 2020
Highest number of accounts in a single month by a broker in (2019, 2020) - Upstox Awards
Highest number of accounts in a single month by a broker in (2019, 2020)
Most promising broking house of the year by MCX in 2019 - Upstox Awards
Most promising broking house of the year by MCX in 2019