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$3.5 BILLION CEO Ravi Kumar Reveals: How Upstox Hit a 40% Profit Margin?

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Mashable India  verified-tag

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Oct 27, 2025

Did Upstox make a mistake leaving America? Is their 40% profit margin sustainable? Ravi Kumar, Co-founder and CEO of Upstox, faces The Boardroom Interrogation, revealing the raw truth behind building India's fastest-growing fintech, valued at $3.5 BILLION and backed by Late Ratan Tata. In this exclusive interview, Ravi addresses the high-stakes decisions that defined Upstox's journey: The Zerodha & Groww Rivalry: His direct response to competition and how Upstox wins the game with technology, not just price. The IPL Fiasco: Why they pulled out of the massive sponsorship and whether it was a strategic failure or a brilliant business move. The IPO Countdown: The real timeline for Upstox going public and what valuation they are targeting. The Money Secret: How a brokerage achieved an incredible 40% PROFIT MARGIN and plans to maintain it. Founder's Confession: The biggest internal disagreement he had with co-founders and his single most important piece of advice for young entrepreneurs. This is a masterclass in building a profitable, tech-first company in a competitive market. Hit like and subscribe and drop your biggest question for the Upstox team in the comments!

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