Upstox
Latest, : Upstox launches US stock and ETF investing for Indian users
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 3 stories, the newest dated 7 Sept 2026. Summary written 4 Oct 2026.
Upstox is a Mumbai-based online brokerage. [1] source: Inc42
Show 3 more paragraphs and 3 sources
Inc42 describes it as India's fifth-largest broker by active clients. [1] source: Inc42 It is expanding from broking into insurance distribution and international investing via GIFT City. [1] source: Inc42
In September 2026, Upstox launched US-stock and ETF investing for Indian users, with fractional purchases from $1 and INR funding via supported Indian bank accounts. [2] source: The Hindu BusinessLine The service offers more than 8,000 US-listed stocks and 2,000 exchange-traded funds. [2] source: The Hindu BusinessLine It operates under RBI's Liberalised Remittance Scheme, with an LRS remittance limit of $250,000 per financial year. [2] source: The Hindu BusinessLine In August 2026, Inc42 reported that Upstox had begun preliminary talks for a potential $400 million IPO combining fresh shares and an OFS. [1] source: Inc42 The proposed size is also stated as ₹3,800 Cr. [1] source: Inc42 Upstox had 18.61 Lakh active clients in July. [1] source: Inc42 It has raised $220 Mn across six funding rounds, and Tiger Global held a 38.5% stake as of September 2025. [1] source: Inc42
Angel One, Groww and Zerodha are named alongside Upstox in Inc42's IPO report. [1] source: Inc42 Abhishek Singh, a former Upstox executive, was named CEO of Pluto Insurance in August 2026. [3] source: Inc42
Sources
Questions about Upstox
What is Upstox's current strategy in India?
In September 2026 Upstox launched US-stock and ETF investing for Indian users, with purchases from $1. [2] source: The Hindu BusinessLine In August 2026 Inc42 reported it had begun preliminary talks for a potential $400 million IPO and was expanding into insurance distribution and international investing via GIFT City. [1] source: Inc42
Who are Upstox's main competitors?
Inc42's August 2026 report on Upstox's IPO talks names Angel One, Groww and Zerodha alongside it, and describes Upstox as India's fifth-largest broker by active clients. [1] source: Inc42
Stories that mention Upstox
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Upstox is named in these stories but is not their subject.