Upstox begins talks with investment banks for $350-400 million IPO; crosses 2 crore customers

Upstox, an investment platform, has started discussions with investment banks to potentially launch an initial public offering (IPO) that could raise around $350-400 million. This move would make Upstox one of the largest Indian fintech companies to go public. The company has already reached a significant milestone with over 2 crore customers, indicating strong growth and demand for its services.

Why it matters

Upstox's potential IPO signals strong investor interest in Indian fintech companies. This could lead to increased investment and growth in the sector.

Market impact

Transmission channels

Likely winners & losers

Related coverage

• Restaurant Brands Asia shares surge nearly 20% on strong Q1 results. What Motilal, other brokerages said Economic Times · 2026-08-04
• Lockheed seeks U.S. mineral supplies after Trump supply-chain push, sources say Reuters · 2026-08-04
• Ordnance Survey revenue jumps as map maker goes digital City AM · 2026-08-04
• FIIs buy shares worth Rs 2,446 crore; DIIs turn net sellers of Rs 936 crore on August 4 Moneycontrol · 2026-08-04
• India's United Breweries posts lower quarterly profit as rising costs offset higher sales Reuters · 2026-08-04
• Taxation laws amendment bill tabled in Lok Sabha: What the new tax bill changes for foreign investors Economic Times · 2026-08-04
• Govt tables tax amendment Bill with FII relief, electronics manufacturing push Economic Times · 2026-08-04
• Aimtron Electronics shares can rally to Rs 2,036? Here’s why Nuvama initiated coverage on the platform stock Economic Times · 2026-08-04
• South Korea: 16 dead amid record heat wave, President Lee urges action Deutsche Welle · 2026-08-04
• LIC OFS: Non-retail portion booked 55% on Day 1. Here’s what investors should know Economic Times · 2026-08-04
• Apple’s legal action against UK data demands risks another US-UK showdown City AM · 2026-08-04
• India's ONGC posts profit jump as crude price surge boosts margins Reuters · 2026-08-04

Explore the intelligence

MeridStreet does not reproduce source articles. The summary and analysis above are generated by MeridStreet from public headlines and its own market model; the original reporting belongs to Economic Times. For information only — not financial advice.