Upstox
Upstox, run by RKSV Securities India Pvt Ltd and founded in 2009, is a discount broker. Its mobile and web apps and trading APIs serve retail investors, active traders and sub-brokers across equities, F&O, commodities, currencies, mutual funds and IPOs. It earns money mainly from brokerage and trading-related fees. It is backed by Tiger Global, Kalaari Capital and Ratan Tata, and its Series C round in 2021–22 valued it at about $3.4B. It reported revenue of roughly ₹1,000+ Cr in FY25 and said in August 2026 that it had passed 2 crore customers. It is a fintech brokerage and not primarily an AI company.
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