copy photo
ME TOO
The company’s co-founder and chief executive officer (CEO), Ravi Kumar, told PTI that Tiger Global is among the company’s outside investors. The company aims to increase its customer base 10 times to 100 million in the next five to six years.
Mumbai Ratan Tata-backed company Upstox is now set to turn profitable after recovering from losses, earning a total revenue of Rs 1,000 crore in the latest financial year (2022-23). A senior company official gave this information. The company’s co-founder and chief executive officer (CEO), Ravi Kumar, told PTI that Tiger Global is among the company’s outside investors. The company aims to increase its customer base 10 times to 100 million in the next five to six years.
It reported that the company’s operating income increased by 40 per cent to Rs 1,000 crore in the fiscal year 2022-23. The CEO said that the company now has cash of around Rs 1,000 crore. The company was founded in 2009. Currently, the company has Rs 1.1 crore customers across the country, of which 85% are in Tier II and III cities and 70% are first-time investors. Kumar said that the maximum number of clients are in Mumbai, Delhi, Pune, Thane, Bengaluru, Jaipur, Hyderabad, Aurangabad, Nashik and Nagpur.
Disclaimer:Prabhasakshi has not edited this news. This news has been published from PTI-language feed.
In other news