Upstox
Founded Year
2009Stage
Series C | AliveTotal Raised
$54MValuation
$0000Last Raised
$25M | 4 yrs agoRevenue
$0000Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+6 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
1,309 items
Wealth Tech
2,489 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
14,203 items
Excludes US-based companies
Latest Upstox News
Nov 11, 2025
Groww adds 1.38 lakh accounts in Oct, while Zerodha, Angel decline amid market slowdown ETtech Synopsis Among peers, Zerodha, Angel One, and Upstox saw monthly declines of 62,000, 34,000, and 59,000 accounts, respectively. HDFC Securities, Kotak Securities, and Motilal Oswal have also seen their accounts decline during the period. Agencies Investment firm Groww has expanded its lead in India’s retail broking market , adding about 1.38 lakh demat accounts in October 2025 even as the broader industry witnessed a contraction, according to latest data from the National Stock Exchange ( NSE ). Groww’s total active accounts now stand at 1.2 crore, maintaining its position as the country’s largest brokerage by client base. Among peers, Zerodha , Angel One , and Upstox saw monthly declines of 62,000, 34,000, and 59,000 accounts, respectively. HDFC Securities, Kotak Securities, and Motilal Oswal have also seen their accounts decline during the period. Overall, the number of active demat accounts across the top 25 brokers fell to 4.52 crore in October from 4.72 crore in July. Groww, Zerodha, and Angel One together account for over 57% of NSE’s demat accounts, indicating the dominance of digital-first platforms in India’s retail investment space. Groww alone commands an estimated 26.6% market share , followed by Zerodha with 15.5% and Angel One with 15.1%. Some traditional players, however, have benefited moderately. ICICI Securities and SBI Caps recorded increases of 13,000 and 25,000 accounts, respectively, while Paytm Money added nearly 30,000 accounts during the month. Despite the cautious environment, the growth in Groww’s base indicates the interest among new and existing retail investors. Bengaluru-based Groww is gearing up for its public listing on the Indian exchanges on November 12. The company’s Rs 6,632 crore IPO was subscribed 17.6 times, with 641.86 crore bids received against the 36.47 crore shares on offer. Groww reported revenues of Rs 904.3 crore for the June quarter, compared with Rs 1,000.7 crore a year earlier. Add
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 an online brokerage platform that facilitates stock trading and investing across various financial instruments. The company offers services including trading in stocks, derivatives, mutual funds, ETFs, bonds, and more, through its platforms and apps. Zerodha primarily serves the retail and institutional broking sectors within the financial services industry. 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.
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.
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.
Edelweiss Mutual Fund provides credit investment and advisory, wealth management, asset management, and capital markets insurance services. It offers a variety of mutual funds and investment options, including equity funds, hybrid funds, debt funds, international funds, SIP, passive equity funds, and more. The company was founded in 2007 and is based in Mumbai, India.
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