Upstox
Upstox is a prominent Indian discount brokerage platform founded in 2009, originally as RKSV Securities. Headquartered in Mumbai, it offers low-cost, technology-driven trading and investment services aimed at making financial markets accessible to retail users. With a team of around 550 members, Upstox serves over 10 million users, ranking among India's top five brokerage houses and the second-largest discount broker by active clients. The company provides a wide range of brokerage services through its user-friendly app and web platform. This includes equity, futures and options, commodity, and currency trading, with brokerage fees capped at ₹20 per order. Upstox also offers mutual funds and IPOs with zero brokerage, along with a 3-in-1 account that integrates trading, demat, and bank accounts. The platform is designed for both investors and traders, featuring tools for algorithmic trading and a seamless paperless onboarding process. Upstox's mission is to empower every Indian to build wealth confidently by making investing accessible, affordable, and simple.
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Headcount trend
Upstox went from 875 employees in Jul 2023 to 873 in Jun 2025. Jan to Jun 2025: 46 people joined, 51 left.
Headcount data through Jun 2025
Org structure
Headcount by department
Salaries at Upstox
All salaries43 salary profiles in India
Most reported roles
Funding
- Sep 2022 · Angel · Larry Fitzgerald, Kal Somani, Shikhar Dhawan
- Nov 2021 · Series C · $200M · Tiger Global
- Sep 2019 · Series B · $25M · Tiger Global
- Jan 2016 · Series A · $4M · Kalaari Capital
Peer reviews
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Anonymous peer reviews on OffTheRecord
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Upstox FAQ
How many employees does Upstox have?
Upstox has about 873 employees, down 0.9% over the 3 months to Jun 2025.
What is Upstox's revenue per employee?
Upstox makes about $180K in revenue per employee, based on $157M annual revenue and 873 employees.
How much does Upstox pay?
6figr has 43 salary profiles for Upstox in India, with pay broken down by role, level and gender on the Upstox salaries page. See Upstox salaries
How much funding has Upstox raised?
Upstox has raised $229M in total funding; its latest round was Angel in Sep 2022.
Data from Company Prospectus, DOL LCA disclosures, WARN notices and 6figr salary profiles.