Upstox Likely To Join The Unicorn Club At $3 Bn Valuation
Wealth Management Platform Upstox Likely To Join The Unicorn Club At $3 Bn Valuation

Wealth Management Platform Upstox Likely To Join The Unicorn Club At $3 Bn Valuation

SUMMARY

Upstox has raised closed to $25 Mn in its ongoing Series C round from US-hedge fund Tiger Global

The startup is likely to hit the $3 Bn valuation and more once the Series C round is closed

Upstox closely competes against bootstrapped turned unicorn Zerodha and Sequoia-backed Groww

Digital stockbroking platform Upstox may soon join its peers Zerodha and Groww in the unicorn club as it is likely to hit the $3 Bn in valuation with the ongoing funding round. The RKSV Securities operated Upstox has already picked up INR 184 Cr or close to $25 Mn from its existing investor Tiger Global. 

As per the regulatory filings accessed by Inc42, Upstox is allotting 18,761 Series C compulsory convertible preference shares at an issue price of INR 98,608 to US-based hedge fund Tiger Global. 

No results were found for "".
  • «
  • 1
  • »
modal lock

Continue Reading With A Free Inc42 Account

Get the most out of your Inc42 experience by creating a free account. Enjoy personalized recommendations, ad-lite browsing, and access to our exclusive newsletters.