Upstox

Upstox eyes Charles Schwab-style playbook as cofounder Ravi Kumar drives diversification, profitability

After losing momentum in user growth post its ad blitz, India’s fifth-largest broker is doubling down on active traders, mutual funds, lending and wealth products to build a sustainable, profitable platform

Groww, Zerodha, Angel One, Upstox lead client exodus in Q4 amid market correction

Groww, India’s largest brokerage firm, recorded the steepest decline, with its active client base falling to 1.29 crore in the March 2025 quarter from 1.32 crore in December 2024 quarter, marking a drop of 2.37 lakh investors

Upstox reports 25% jump in FY24 revenue at Rs 1,311 crore

In terms of active users, the platform maintained fourth position with 2.89 million active users (as on December 2024) and a 5.83% market share, behind Groww, Zerodha and Angel One.

Upstox, Zerodha say sell orders not getting authorised due to 'issue at CDSL across brokers'

'We are in touch with CDSL to have the issue resolved at the earliest. In the meantime, you can sell your holdings without the need for CDSL authorisation,' Zerodha tells customers

Upstox says delivered 23,000% returns to Ratan Tata, eight years after investment

Upstox said it concluded a buyback of 5% of Ratan Tata’s holdings in Upstox, returning 10x on his original investment as realised capital, while he continues to hold 95% of his stake in the company

Investors Beware: Upstox cautions against imposters luring customers

There are fake social media accounts and groups pretending to be Upstox, offering educational courses, stock tips, and promising guaranteed returns. Upstox has asked investors not to divulge sensitive information without verifying if the callers are genuine.

Upstox enters insurance distribution business to simplify wealth management

The platform is offering term life insurance options for now and it will later expand into health, motor and travel policies

Upstox reports profit in FY23, broking revenue jumps 44%

In the ongoing FY24, Upstox said it generated over Rs 200 crore in operating cash during the last two quarters ending in December 2023.

Angel One acquires fintech firm DStreet Finance to focus on GenZ engagement

Leading online stock brokers are increasingly focussing on education and content creation through videos especially in vernacular languages to reach younger users as well as users across tier III and IV cities in India.

Zerodha's FY23 profit and revenue up nearly 39% to Rs 2,907 cr and Rs 6,875 cr

The largest retail broking firm in the country has an active client base of around 64 lakh as of August this year. However, the figures have stagnated over the last 18 months and there is an apprehension that its topline and profit could be flat in FY24

Brokers face operational issues in client fund rules, request Sebi for relaxation

The mandatory upstreaming of clients’ funds before the cutoff time of 6:30 pm every trading day, as well as reporting the details daily, has increased manpower and capital requirement at the brokers’ end, as per the associations

PhonePe faces its toughest challenge yet, despite its right to play approach

PhonePe will find it hard to crack the equity investment market with its Share.Market. Distribution mettle alone cannot guarantee success. Equity investing requires more than just payments to attract customers.