Who has funded Upstox?

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Who has funded Upstox?

Ratan Tata
Upstox, backed by Ratan Tata and Tiger Global, earlier said in July that more than 70 per cent of its over 2 million new customers are first-time investors and under-36 — something even traditional brokerages also back given the massive over 20 million new investors coming in the market during the pandemic year.

Who are promoters of Upstox?

Meet the founders

  • Ravi Kumar. Co-founder. Read bio. Ravi Kumar. Co-founder. Ravi is a co-founder at Upstox and serves on its Board of Directors.
  • Kavitha Subramanian. Co-founder. Read bio. Kavitha Subramanian. Co-founder.
  • Shrini Viswanath. Co-founder. Read bio. Shrini Viswanath. Co-founder.

Is Upstox approved by RBI?

As per Reserve Bank of India (RBI) guidelines, NRIs who wish to invest in shares in India through a stock exchange need to approach the designated branch of any authorized dealer (bank)(Upstox currently offers the same with HDFC Bank, ICICI Bank and YES Bank) authorized.

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What happens if you don’t use Upstox?

The point behind closing the Upstox account is to avoid AMC charges for those who are not very actively using it. Upstox charges AMC only on Demat accounts while the Trading accounts are free. In fact, if you open a Upstox Free Demat account, they will automatically open your trading account along with it.

Is bracket order blocked in Upstox?

Yes. Cover Orders (CO), Bracket Orders (BO) and Trailing Stop Loss Orders are available at Upstox in both Equity and Commodity.

Who is the owner of upstox?

Upstox is an online discount stock broker backed by funding from Mr. Ratan Tata. He held 1.33\% stake in the company As of Jan 2020. Upstox investor includes: Tiger Global Management – 31.1\% stake

What is upstox foxtrader?

Upstox provides free access to its users to Foxtrader which is a desktop trading platform in a partnership with Reliable Software India Pvt. Ltd. You can analyze markets with charting tools, backtest strategies and experience effortless one touch trading. Easily backtest your strategies by analyzing past data and monitor markets in real-time.

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How upstox will benefit from Tiger Global’s funding?

Upstox will use the funding from Tiger Global to strengthen its product offerings and technology. The startup also plans to hire more and expand its presence in Delhi and Bengaluru. Backed by Ratan Tata, the startup claims to be profitable for over two years now.

How upstox raised $25 million in Series B funding?

Upstox has raised $25 million, about Rs 177 crore, in Series B funding from New York-based venture capital firm Tiger Global Management, the retail stocktrading startup said on Tuesday.Upstox will use the funding from Tiger Global to strengthen its product offerings and technology.

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