Liquidity Events
Discount stock broker Upstox buys back 5% of Ratan Tata’s stake; provides 10x return
Mumbai-headquartered discount stock broker Upstox has concluded a buyback of 5% of former Tata Sons chairman Ratan Tata’s holdings in the company, returning 10x on his original investment as realised capital. Tata continues to hold 95% of his stake in the company.
Between Jan 2016 and May 2022, Upstox had raised about USD 55 M from BlackSoil Capital, Stride Ventures, Tiger Global, Ratan Tata and Kalaari Capital.
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