Meet Kavitha Subramanian: Co-founded Funding Platform, Crossed Rs 1000 Cr Income Mark

On-line brokerage agency Upstox crossed the Rs 1000 crore income mark in FY2022-23. The funding platform, which was based again in 2009, achieved a consumer base of 10 lakh by 2020 after which grew 10 instances in simply two years to succeed in the milestone of 1 crore prospects in Might 2022.

Reportedly, Upstox witnessed over 40 p.c improve in its working income in FY2022-23 and managed to surpass its rival agency Zerodha when it comes to development price.

Kavitha Subramanian is among the many three co-founders of Upstox who’s chargeable for taking the brokerage agency to new heights. The opposite two are Ravi Kumar and Shrini Viswanath.

Kavitha Subramanian takes care of development, finance, technique, and buyer expertise at Upstox. She labored as a non-public fairness investor at Leapfrog Investments for over two years and in addition labored at Actis Investments for greater than 4 years earlier than co-founding Upstox in 2009. Kavitha served as a administration guide at McKinsey and Co. and in addition labored at SMS Microfinance.

The co-founder has expertise working with rural ladies the place she helped them acquire entry to capital and monetary development. Kavitha obtained a B.Tech and M.Tech levels in Electrical Engineering from the Indian Institute of Expertise (IIT) Bombay and did her MBA from the Wharton Faculty, College of Pennsylvania, US.

Upstox bought the license to start out its buying and selling enterprise below RKSV Securities Pvt. Ltd. in 2010. Two years later, it bought into the retail buying and selling house and reached the turnover of Rs 4,000 crore in 2014. Upstox acquired $4 million price of funding from Kalaari Capital in 2016 and was backed by Emeritus Chairman of Tata Sons Ratan Tata the identical yr.

In 2019, the buying and selling platform bought funding from Tiger International in a Sequence B funding spherical and acquired one other spherical in 2021. This took Upstox’s worth to $3.5 billion and the platform bought a spot on the checklist of Indian unicorn startups.

Upstox right now competes with a few of the widespread buying and selling platforms together with Zerodha, Groww, and Angel Broking. It grew to become the official associate of TNPL, IPL, and ICC in 2021 and the following yr, its buying and selling turnover breached the Rs 60,000 crore mark.