CosmicTaco

Ratan Tata Partially Exits Upstox, Sees 10X Returns

CosmicTaco · 2024-10-04T07:33:32.757259+05:30

- Ratan Tata has partially exited Upstox, registering a **23,000% return** on his original investment made in 2016. - Upstox bought back **5%** of Tata's stake, based on the startup's last valuation of **$3.5 Bn**. - Upstox turned profitable in FY23, posting a consolidated profit of **INR 25 Cr**. - After Tata's investment, Upstox raised **$50 Mn** in two more funding rounds from Tiger Global. - Upstox competes with Groww and Zerodha in India's growing invest tech space. Source: [Inc42](https://inc42.com/buzz/ratan-tata-partially-exits-upstox-with-10x-returns/)

Ratan Tata has partially exited Upstox, registering a 23,000% return on his original investment made in 2016.
Upstox bought back 5% of Tata's stake, based on the startup's last valuation of $3.5 Bn.
Upstox turned profitable in FY23, posting a consolidated profit of INR 25 Cr.
After Tata's investment, Upstox raised $50 Mn in two more funding rounds from Tiger Global.
Upstox competes with Groww and Zerodha in India's growing invest tech space.

Source: Inc42