We expect our customer base to grow 3x in FY23: Upstox's Ravi Kumar

In a Q&A, the CEO of the discount broking firm says the industry is seeing huge traction from smaller cities and first-time investors

The country’s discount broking space is booming. Upstox, a leading player in this area, has seen its customer base jump 3.6x in FY22. Ravi Kumar, CEO, Upstox says he is targeting another three-fold jump this fiscal. In an interview with Sundar Sethuraman, Kumar says the industry is seeing huge traction from smaller cities and first-time investors. Edited excerpts:

How many new clients has Upstox added in FY22? What is the target for this fiscal?

From nearly 2.5 million customers at the end of FY21, Upstox boasts a customer base of over nine million. We're ecstatic to be approaching another major