Fabulous 40! Upstox gets unicorn status, 40th startup this year

Its early Christmas for online trading platform Upstox as it celebrates soaring past the billion valuation mark. Tiger Global which is an existing investor in the firm as further put in $25 million, this time valuing the company at $ 3.4 billion as per reports.

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What is Upstox?

Founded in 2009, Upstox offers online stock market investment services, advisory services and mutual fund investments. The platform has seen its customer base jumping from 2 million in January 2021 to over 6 million.

Upstox directly competes with Zerodha, Groww and IndMoney. Apart from Zerodha, Tiger Global is an investor in all three stockbroking companies