Focus will be on profitability as we have built respectable size: Upstox Co-Founder Shrini Vishwanath

economictimes.indiatimes.com:

Leading discount broking firm Upstox, which is eyeing 10x growth in client base in the next 5 years, says the company's focus will be on profitability as it has now built a respectable size of business. After breaking even in FY23, Upstox Co-Founder Shrini Vishwanath said it is now profitable and will continue to grow profits as the revenues grow.

The new-age broker is also open to the idea of getting listed in the next 3 to 5 years. Edited excerpts from a chat:

With so many players crowding the broking space, what is going to be the key differentiator for you in the long-run?
You are right, the broking space is getting crowded; indicating that the industry is growing and has potential to grow fast enough to attract new players. It is exactly at this stage that established players like ours have a clear advantage.

Unlock Leadership Excellence with a Range of CXO Courses

I say this because, based on our deeper understanding of investors and traders' needs, offering them the most relevant data points (filters) facilitated by latest technology and DIY platforms. Presently, Upstox stands out as the only app offering two distinct modes to all users:

Invest Mode: This simplified investing platform caters to long-term investment needs across stocks, Mutual Funds, gold, and more.

Pro Mode: Tailored for advanced (options) traders, this mode provides advanced features, fast charts, a high density of real-time information, and a platform known for its reliability and speed.

This multibagger fund manager remains