Tiger Global puts $25 million in stock broking startup Upstox

Must Read

Howdy, Modi! : World media reactions on Modi-Trump’ grand Houston Event address

New Delhi, Sep 23: United States President Donald Trump and Indian Prime Minister Narendra Modi on late Sunday shared...

Howdy Modi : Modi-Trump mark history in US-India relationship with great show at Houston

Houston, Sep 22:  Modi, delivering his speech at the historic event, talks about the development underwent over five years...

ECI announces dates of Maharashtra & Haryana elections; Single Phase Election on October 21; Result on 24th

Election Commission of India has announced the dates of much-awaited state elections. According to the Chief Election Commissioner, Sunil...

Tiger Global has invested $25 million (approx ₹177 crore) in an online stock broking startup Upstox through second round of institutional funding.

The platform will use the latest sum of money to expand its business, strengthening the product platform as well as for hiring.

Upstox was started by Shrini Viswanath, Raghu Kumar, and Ravi Kumar in 2009. The platform allows retail investors to trade in the equity market and claims to contribute over three percent of the national trades conducted across exchanges in India.

Also, along with stock trading, it also offers advisory services and mutual fund investments as well. It plans to double its workforce to 300 from the current 180 full-time employees.

At present, Upstox has around 300,000 clients.

Upstox is in process to target Indian millennials to invest more actively in the stock markets. It aims to invest in attractive products to get more customers from small cities and towns in India.

Mumbai-based stock broking space is backed by Ratan Tata and Kalaari Capital.

Some of the significant startups in the stock broking genre include ZerodhaQuadeyeDolat CapitalSensibullSynoptionDrive Markets and many more.


Please enter your comment!
Please enter your name here

- Advertisement -

Latest News

CM Kamal Nath inaugurates ‘Magnificent Madhya Pradesh’

Indore, Oct 18 (IANS) With the aim to promote investments in the state, Chief Minister Kamal Nath on Friday...

Ex-Olympic champion Li Xue Rui bids adieu to int’l badminton

New Delhi, Oct 18 (IANS) Former Olympic champion Li Xue Rui has announced her retirement from international badminton.In an article published on its official...

Kerala’s Maker Village joins hands with ARM to widen presence at global level

With an objective to enable India's largest electronic hardware incubator to reinforce its presence at the global level, Kerala's Maker Village has stepped into...

Revealing The Health & Fitness Regime Of The Famous Male Model Karan Oberoi

Karan Oberoi, also famous by his nick name “KO” is not just a fitness model! He is also a fashion model and an actor. ...

Ranchi Test: India eye whitewash against Proteas (Preview)

Ranchi, Oct 18 (IANS) With the series already in their kitty, Team India will aim to go for the kill and clean sweep the...
- Advertisement -

More Articles Like This