Upstox Revenue Grows 77% in FY22, While Losses Increase 6X

  • Upstox, an online investment platform, is losing heavily in its attempt to gain scale and market share.
  • Upstox is considered to be Zerodha’s main rival, and is six times smaller than Zerodha in terms of scale for the fiscal year ending March 2022.
  • Zerodha recorded Rs 4,964 crore in operating revenue in FY22, while Upstox recorded…


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