Upstox

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.

Ratan Tata-backed Upstox breaks even in FY23, aims for 10x growth in user base

The company, which also counts Tiger Global among its external investors, is aiming for a 10-times jump in its customer base to 10 crores in the next five-six years, its co-founder and chief executive Ravi Kumar said.

Wealthtech startup Fisdom to foray into asset management space

The startup is looking to launch a PMS license initially for its High Net Worth Individual (HNI) customers, which will be accessible through its Fisdom Private Wealth platform.

Tiger Global-backed Upstox grows faster than Zerodha for third straight year, achieves breakeven

However, the growth in its operating revenue was on a smaller base than Zerodha, which has also reported a net profit of close to Rs 2,100 crore for FY22.

Upstox trading platform down for an hour, users complain of losses

Users flocked to social media sharing their inability to trade using Upstox. Clients of the company also complained of losing their money and a loss of opportunity to trade on a day when the market has shown big moves on the downside.

Upstox raises funds from cricketer Shikhar Dhawan, footballer Larry Fitzgerald

The additional investments follow Upstox’s Series C round of $108 million in November 2021

Paytm Money increases brokerage charges for new users to Rs 15

The company said in a mail that prices will remain unchanged for existing users at zero for stock delivery and Rs 10 per intraday of F&O order executed.

Zerodha, Upstox restore services after brief outage

"Cloudflare network is back to normal and all sites are functional now," Zerodha tweeted.

Upstox reaches a user base of 10 million, surpasses Zerodha

Upstox’s active user base stands at 5 million, while Zerodha’s is at 6.2 million of its total 9 million users

LIC IPO: How to apply online on Zerodha, Paytm, Upstox, Groww

Investors can bid for a minimum lot size of 15 shares and in multiples thereof. A retail investor can apply for up to 14 lots or 210 shares for an amount of Rs 1,99,290 at the upper price band.

Upstox strengthens leadership team with key appointments

The company appointed Sudeep Ralhan as chief human resources officer, Manoj Agarwal as head of compliance and Sriram Krishnan as vice president of information security portfolio, according to a statement.

Raise Financial Services appoints former Rupeeseed exec Alok Pandey as co-founder and tech chief

Alok Pandey has over 16 years of experience in software development and management specifically in the stockbroking and investment industry.

Online brokerage firm Upstox’s leadership team gets three new senior executives

The company has appointed Harish Narayanan as Chief Growth Officer, Jayant Chauhan as Senior Vice President - Finance and Saurabh Agarwal as Vice President - New Initiatives.

Zerodha FY21 profit jumps 2.6x to Rs 1,122 cr, revenue at Rs 2,729 cr: Report

The startup also saw a year-on-year rise in expenses of 2.4 times from Rs 517.7 crore in FY20 to Rs 1,260.2 crore in FY21.

Raise Financial Services raises $22 million in Series A; allocates $15 million for trading platform Dhan

Raise will use this investment to grow Dhan’s product, engineering, operations & customer experience teams, besides launching another product.