$25 mn fundraise propels Upstox into unicorn club
Hindustan Times|November 26, 2021
IN 2019, UPSTOX HAD RAISED $25 MILLION FROM TIGER GLOBAL MANAGEMENT'S AFFILIATE SCOTT SHLEIFER
Nikhil Patwardhan and Joseph Rai

Online stock broking company Upstox, managed and operated by RKSV Securities India Pvt Ltd, has raised $25 million as a part of its Series C funding, making it the 40th unicorn or a startup with over $1 billion valuation, in 2021 in India so far.

The fundraise values Upstox at $3.39 billion (₹25,454 crore), according to VCCircle estimates based on filings made with the Registrar of Companies.

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