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.