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Tag: Ravi Kumar

Ravi Kumar, Co-founder & CEO, Upstox
business

Upstox onboards 1 crore customers

May 6, 2022 by Rekha Nair 0 Comments #Ravi Kumar

New Delhi | May 2022: Upstox (also known as RKSV Securities), one of India’s largest online investment platforms, today announced that it has crossed the significant milestone of onboarding 1 crore customers. Founded in 2009, Upstox achieved the milestone of 10 lakh customers in June 2020 and has grown 10x in less than two years.

Upstox has achieved this milestone by delivering a delightful investing experience to its customers, whether they are new investors or experienced traders. Simplifying wealth by providing access, information and an intuitive product experience have been at the heart of Upstox’s meteoric rise.

Commenting on this milestone, Ravi Kumar, Co-Founder & CEO, Upstox said, “Our mission is to magically simplify investing for every Indian. And with this milestone of 1 crore customers, we are just getting started in our mission. People from across the country have appreciated our efforts to increase access to investing and we are grateful for that. We are excited about the path in front of us, and the potential to make investing a habit for every Indian.”

The investing platform has seen tremendous broad-based growth in the last three years – over 50% of the customers are millennials, nearly 70% are first-time investors, and more than 85% belong to Tier 2 and Tier 3 cities. And in the next 4-5 years, the Upstox team aims to onboard 20-30 crore (200 million to 300 million) customers.

 This growth will be made possible by offering a seamless, intuitive and hassle-free investing experience, backed by cutting-edge technology. Upstox already delivers the highest stability and is one of the highest ranked apps in the industry. The platform is confident that continuing the focus on cutting-edge features made customer-friendly through intuitive design, will make it the investing partner of choice for everyone.

business

Param Vir Chakra awardee Subedar Major Yogendra Yadav (Retd.) joins the advisory board of udChalo

Jan 19, 2022 by Gouri 0 Comments #Param Vir Chakra, #Ravi Kumar, #Subedar Major Yogendra Yadav, #udChalo

Param Vir Chakra awardee Subedar Major Yogendra Yadav

Pune, January 18, 2022: udChalo, a leading consumer technology company that exclusively serves India’s defence forces, veterans and their dependents, announced the appointment of Subedar Major Yogendra Yadav (Retd.) PVC – a celebrated Kargil war hero to its advisory board on army day. This appointment is aimed to further strengthen its consumer insight and personalise the offering for the discerning customer base.

The war veteran brings with him in-depth knowledge of udChalo’s customer base. His experience through various ranks in the army gives him an upper hand in understanding the pulse of the fraternity which will further catapult the growth of udChalo by rolling out relevant services for udChalo users. With its mission to make lives simpler for soldiers, udChalo always needs an insider perspective of problems faced by army personnel and their families. Having a decorated army veteran in their advisory board will greatly help udChalo in pinpointing the pertinent and crucial issues faced by defence personnel and bring up ways to resolve those problems.

Ravi Kumar, Founder and CEO of, udChalo said, “We are honoured and excited to have Subedar Major Yogendra Yadav (Retd.) to be a part of our team and join our advisory board. Army day was the perfect time to make the announcement. With him, onboard, we expect to gain meaningful insights into regular issues faced by defence personnel. The bravery and indomitable spirit that he has shown in his entire career would be beneficial for us in taking strong decisions and strengthen our resolve to serve the forces.”

Subedar Major Yogendra Yadav (Retd.), PVC said, “This position by udChalo provides me with the opportunity to continue serving the forces. This is an opportunity through which I can remain connected to my fraternity even after retirement. I am excited to work with udChalo and looking forward to contributing to the organization.”

udChalo has exponential growth plans for its consumer tech platform for the coming year. The company recently appointed three new members on its advisory board to strengthen its consumer connect with its audience. udChalo has already expanded its offering to resolve issues related to taxation, paying utility bills and helping the fraternity in doing demand surveys in three cities for affordable group housing projects for defence personnel.

business

udChalo receives National Startup Award 2021 by PM Narendra Modi

Jan 18, 2022 by Gouri 0 Comments #Narendra Modi, #National Startup Award, #Ravi Kumar, #udChalo

India, January 17, 2022: udChalo, a leading consumer technology company that exclusively serves India’s defence forces and their dependents was awarded as the most innovative and socially impactful startup in the travel planning and discovery segment. Prime Minister Narendra Modi held a virtual meeting with innovators and 150 startups from across India and awarded the top 46 Indian startups during the meet. Only three startups were recognized in the travel segment.

udChalo’s hassle-free interface for travel bookings for the armed forces was the differentiator in the category. For 9 years, udChalo has built unique, convenient and effective platforms for soldiers to access consumer products and services. Today, about 16 lakhs armed personnel book tickets from udChalo every year.

Ravi Kumar, CEO, udChalo said, “We founded udChalo for the immense respect and gratitude we have for the armed forces of India. This fraternity and their families have sacrificed so much for the country. As a startup, we could only think about bringing in the small changes that would make a difference. It is a proud moment for us for being recognized as the future of the country and be the backbone of the economy. This award bestows a lot of responsibilities on udChalo team and we are optimistic that as a startup we can have an impactful influence on India’s economic and business growth.”

Ministry had received over 2,177 applications across 49 sub-sectors for the awards. A total of 175 startups reached the final round and these were judged on the basis of innovation, scalability, socio-economic and environmental impacts, inclusiveness and diversity.