Broking firm RKSV renamed as Upstox

Our Bureau Mumbai | Updated on January 16, 2018

Discount broking firm RKSV has renamed itself Upstox. The brokerage does approximately 2 per cent of the NSE turnover on a daily basis (approximately Rs 7,000 crore turnover daily). RKSV began as a proprietary trading firm in 2012.

It has also made a foray into commodity trading and holds a membership with MCX. Upstox has recently raised a series A round of $4 million from a group of investors including Ratan Tata, Kalaari Capital, and GVK Davix.

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Published on September 12, 2016
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