RKSV
| File:RKSV.png | |
| Private | |
| ISIN | 🆔 |
| Industry | Online Stock Broker |
| Founded 📆 | |
| Founder 👔 |
|
| Headquarters 🏙️ | 30th Floor, Sunshine Tower, Senapati Bapat Marg, Dadar (W), Mumbai, Maharashtra 400013, , |
Area served 🗺️ | |
| Products 📟 | Stocks, Options, Futures, Commodities, Currencies, Mutual Funds |
| Members | |
Number of employees | 300 (June 2019) |
| 🌐 Website | www.upstox.com |
| 📇 Address | |
| 📞 telephone | |
RKSV, known by the brand name Upstox, is an Indian financial services company. It is headquartered in Mumbai, India and holds memberships with the NSE, BSE, MCX, and MCX-SX.[1][2][3][4]
History[edit]
It was created by Ravi Kumar, Raghu Kumar, and Shrinivas Vishwanath in 2009 and opened to the general public in 2011.[5][6][7]
RKSV Securities changed the brand name of its trading platform to Upstox in 2016.[8] Upstox has raised Series A funding from many investors such as Kalaari Capital and Ratan Tata.[9]
Upstox raised $25 million in its second round of institutional funding from Tiger Global Management in 2019. [10]
Upstox[edit]
Upstox is a trading platform from RKSV. Mearly 98.5% of trade orders are received through its web and mobile platforms.[11] In 2016, the company launched the e-Aadhar account opening service, making the process of trading faster, entirely paperless, and efficient.[12]
References[edit]
- ↑ "Aiming to replicate US, Europe brokerage fee concept in India". The Hindu Business Line. 2013-11-10. Retrieved 2014-11-14.
- ↑ "Discount broking not yet, say brokerages". Business Standard. 2014-11-10. Retrieved 2014-11-17.
- ↑ "Trade the millennial way with India's top broking Apps". The Asian Age. 2020-02-26. Retrieved 2020-04-23.
- ↑ "Upstox Achieves a Historic First Opens 1 Lakh Demat Accounts in December". The Week. Retrieved 2020-04-23.
- ↑ "Raghu Kumar: Disrupting Broking With Flat Fee Models". Forbes India. Retrieved 2020-04-24.
- ↑ "Raghu Kumar Disrupting Broking With a Flat Fee Model". Forbes. 2014-02-12. Retrieved 2014-11-14.
- ↑ "Boom for discount brokers, gloom at large operators". The Hindu Business Line. 2013-11-16. Retrieved 2014-11-14.
- ↑ "RKSV renamed as Upstox". BusinessLine. 2016-09-12. Retrieved 2016-09-12.
- ↑ "RKSV raises a Series A round". RKSV. 2016-02-28. Retrieved 2016-02-28.
- ↑ Bhakta, Pratik (2019-09-20). "Upstox gets $25 million from Tiger Global". The Economic Times. Retrieved 2020-04-24.
- ↑ "Not just top 5 cities, now Tier III cities also contributing to retail participation in stock markets". EquityBulls. 2018-10-31. Retrieved 2020-05-15.
- ↑ "Upstox launches e-Aadhaar account opening service | Chennai News - Times of India". webcache.googleusercontent.com. Retrieved 2020-05-15.
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