Is Upstox backed by Ratan Tata?

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Yes. Upstox is an online discount stock broker backed by funding from Mr. Ratan Tata.

He held 1.33% stake in the company As of Jan 2020.

Upstox investor includes:

Tiger Global Management - 31.1% stake
Kalaari Capital Partners - 15.21% stake
GVK Davix Technologies - 2.54% stake.
Ratan Tata - 1.33% stake

Remaining 50% stacks are with the promoters of the company which includes Mr. Ravi Kumar and Mr. Shrinivas Viswanath.

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