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Upstox

12 statements across 2 episodes · 7 bullish · 0 bearish · 2 people on the record · first statement Aug 30, 2022 by Bala Srinivasa · said 30 times in 5 episodes since 2021 · across every show →

Mentions by year

brought up most by Siddhartha Ahluwalia (22), Bala Srinivasa (5), Vaibhav Sisinty (1), Ravi Kumar (1), Amitabh Kant (1)

tap a year for its mentions
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0122021202220232024episodes it came up in
001012022021202220232024episodesmentions per episode
2024 1 mention in 1 episode
2023 20 mentions in 1 episode
2022 7 mentions in 2 episodes 4 per episode
2021 2 mentions in 1 episode

every mention, scene by scene, with the transcript →

Everything said about Upstox, oldest first

Aug 30, 2022 neutral
Assertion Contradicted
Srinivasa: India had only 8 million demat accounts when Upstox was funded
“Similarly, the original investment in upstocks, at that point in time, there were only eight million DMAT accounts in India.”
Bala Srinivasa Aug 30, 2022 ▶ 40:16 The Framework to Build Category Creators in India ft Bala Srinivasa,Managing Director-Arkam Ventures
Aug 30, 2022 bullish
Assertion Contradicted
Srinivasa: Upstox is onboarding nearly 1 million consumers per month
“Today, I think they're onboarding almost a million consumers a month, et cetera.”
Bala Srinivasa Aug 30, 2022 ▶ 41:29 The Framework to Build Category Creators in India ft Bala Srinivasa,Managing Director-Arkam Ventures
Sep 15, 2023 bullish
Disclosure
Kumar: Aadhaar integration boosted Upstox monthly account growth 5x
“That same month we went from opening up like 200 accounts a month to opening up a thousand accounts a month.”
Ravi Kumar Sep 15, 2023 ▶ 4:51 BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
Sep 15, 2023 neutral
Disclosure
Kumar: Average Age of New Upstox Users Is Under 28
“And I think almost year on year, the average age of an account also keeps dropping. Right. So we're like at sub, sub-twenty-six years of age now as an average you know, account being opened up.”
Ravi Kumar Sep 15, 2023 ▶ 14:54 BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
Sep 15, 2023 positive
Disclosure
Kumar: Over 90% of Upstox Users Are First-Time Demat Account Holders
“90% plus of our accounts are first time investors, meaning they've never opened up a DMAT account before. OpStox is their first platform of choice for opening up a DMAT account.”
Ravi Kumar Sep 15, 2023 ▶ 12:58 BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
Sep 15, 2023 positive
Assertion Supported
Kumar: Upstox was the first Indian broker to digitize with Aadhaar
“So we were the first broker to digitize when Adhar launched.”
Ravi Kumar Sep 15, 2023 ▶ 4:47 BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
Sep 15, 2023 bullish
Disclosure
Upstox targets 100 million customers over the next five to seven years
“Our ambition is a hundred million customers over these next five, six, seven years.”
Ravi Kumar Sep 15, 2023 ▶ 43:23 BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
Sep 15, 2023 neutral
Assertion Supported
Kumar: Major Indian discount brokers each have sub-15M accounts
“Like all of us, I think would be sub-fifteen million.”
Ravi Kumar Sep 15, 2023 ▶ 7:29 BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
Sep 15, 2023 positive
Prediction Didn’t hold up
Kumar: Upstox to achieve 25% to 30% PAT margin this fiscal year
“No, we're pretty much already that. Right. We're already you know, almost there, but yeah, by the end of the FYI, I think throughout the whole year, we'll, we'll probably be like a 25, 30% path business.”
Ravi Kumar Sep 15, 2023 ▶ 37:11 BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
Sep 15, 2023 positive
Assertion Partly supported
Kumar: Upstox has about 11M accounts out of 80M Indian demat accounts
“So out of the entire base of 80 odd million, I think there is up stocks is about eleven million customers.”
Ravi Kumar Sep 15, 2023 ▶ 6:22 BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
Sep 15, 2023 neutral
Insight
Kumar: Online retail brokerages lack strong economies of scale
“I think in our industry also, the relationship is with the customer, you know, and what I mean by that is there's not really so much economies of scale.”
Ravi Kumar Sep 15, 2023 ▶ 3:03 BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
Sep 15, 2023 neutral
Disclosure
Kumar: 90-95% of Upstox accounts come from Tier 2 and 3 India
“90, 90, 95% of our accounts are, you know, coming from tier two, tier three India.”
Ravi Kumar Sep 15, 2023 ▶ 12:51 BHARAT’s Decade, Stock Market & IPL Sponsorship - Upstox Co-founder & CEO Ravi Kumar on Neon Show
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