Ratan Tata-backed Upstox is now valued more than its rivals Zerodha and Groww

ratan tata backed upstox is now valued more than its rivals zerodha and groww

Sumary of Ratan Tata-backed Upstox is now valued more than its rivals Zerodha and Groww:

  • The company, run by RKSV Securities, claims to have 6 million users registered on the platform.
  • Online investment platform Upstox is now valued more than its rivals Zerodha and Groww.
  • Business Insider’s sources have confirmed the valuation of this round, highlighting that this investment is part of a larger round.
  • Upstox was founded by Shrini Viswanath, Raghu Kumar and Ravi Kumar in 2008. The company started off as a proprietary trading firm RKSV Securities, but ventured into retail brokerage with the launch of Upstox in 2012. It offers online stock market investment services, advisory services, mutual fund investments and more.
  • The company, run by RKSV Securities, claims to have 6 million users registered on the platform.
  • Zerodha, which has never raised any capital from private investors, valued itself at $2 billion earlier this year in order to buy back employee stocks and give them returns.

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