BCCI Announces Online Broker Upstox As An Official Partner For IPL 2021
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BCCI Announces Online Broker Upstox As An Official Partner For IPL 2021

IPL 2021 will is scheduled from April 9 to May 30 [Credits: IPL]
IPL 2021 will is scheduled from April 9 to May 30 [Credits: IPL]

IPL GC(Indian Premier League Governing Council) today announced Upstox, one of India’s leading and fastest-growing digital brokerage firms, as an official partner for IPL, which will begin on April 9th, 2021. This will be a multi-year partnership.

Founded with the vision of making financial investing easy, equitable, and affordable to all Indian investors, Upstox provides online investments in Stocks, Mutual funds, Digital Gold, Derivatives, and ETFs for both investors and traders. Backed by marquee investors such as Tiger Global, Upstox currently has over 2.8 million customers.

IPL 2021: IPL GC today announced Upstox, one of India’s leading and fastest-growing digital brokerage firms, as an official partner for IPL
IPL 2021: IPL GC today announced Upstox, one of India’s leading and fastest-growing digital brokerage firms, as an official partner for IPL

IPL GC Pleased To Have Upstox On Board As Official Partner In IPL 2021

RKSV, known by the brand name Upstox, is an Indian financial services company. It is headquartered in Mumbai, India, and holds memberships with the NSE, BSE, MCX, and MCX-SX. Upstox is a trading platform from RKSV. Nearly 98.5% of trade orders are received through its web and mobile platforms. In 2016, the company launched the e-Aadhar account opening service, making the process of trading faster, entirely paperless, and efficient.

Mr. Brijesh Patel, Chairman, IPL GC, said “We are pleased to have Upstox on board as an official partner of the Indian Premier League 2021. As one of the most-watched cricket leagues in India, IPL along with Upstox, one of India’s fastest-growing digital-trading platforms, can create a huge impact on the audience, especially the millions of Indian youth who are financially independent and looking for more options to manage their portfolios.”

IPL GC chairman Brijesh Patel
IPL GC chairman Brijesh Patel (Photo | PTI)

Commenting on the partnership, Mr. Ravi Kumar, Co-founder & CEO of Upstox said “We are thrilled to partner with BCCI for IPL 2021. In India, Cricket is more than just a sport. It is an important part of our culture and social life, with a huge fan following, especially by the millennials.

“IPL has paved a bold new direction to Indian cricket in the last decade just like Upstox, which is revolutionizing finance in India. This is what sparks a natural connection between both brands. With this integration of sports and finance, we intend to spread financial awareness across the country.”

It was created by Ravi Kumar, Raghu Kumar, and Shrinivas Vishwanath in 2009 and opened to the general public in 2011. RKSV Securities changed the brand name of its trading platform to Upstox in 2016. Upstox has raised Series A funding from many investors such as Kalaari Capital and Ratan Tata. Upstox raised $25 million in its second round of institutional funding from Tiger Global Management in 2019.

IPL GC And BCCI Announced IPL 2021 Schedule

BCCI’s IPL GC announced the schedule of IPL 2021 earlier this month. Defending champions Mumbai Indians and Royal Challengers Bangalore are set to face each other in the opening game in Chennai. The tournament will be played only at six venues this time around due to the rising COVID-19 cases in the country. To avoid home advantage to any of the teams, all the matches will be played at neutral venues which is a first in the history of the tournament.

BCCI’s IPL GC on Sunday (March 7) revealed the entire schedule for IPL 14 season, which will be played in six venues namely Ahmedabad, Bengaluru, Chennai, Delhi, Mumbai & Kolkata amidst strict COVID-19 protocols. As per the IPL media advisory, BCCI mentioned that each team will play at four venues. Out of the 56 league matches, Chennai, Mumbai, Kolkata & Bengaluru will host 10 matches each, while Ahmedabad and Delhi will get to host 8 matches each with no home matches.

Chris Morris playing for RCB. (Photo Source: IPL/BCCI)
Chris Morris playing for RCB. (Photo Source: IPL/BCCI)

11 doubleheaders, where 6 teams will play three-afternoon matches & two teams will play two-afternoon matches, will be held in IPL 14 season. The timings will remain the same as it was during IPL 2020. The afternoon games will commence from 3:30 PM IST start whereas the evening games will start from 7:30 PM IST.

Chris Morris became the most expensive buy ever in the history of the IPL with a price tag of INR 16.25 crores as Rajasthan Royals went all-out for the all-rounder at the IPL 2021 Auction in Chennai. Glenn Maxwell was sold to Royal Challengers Bangalore for INR 14.25 Crore. Steven Smith was sold to Delhi Capitals for INR 2.2 Crores while Shakib Al Hasan was sold to KKR for INR 3.2 Crore, and Moeen Ali attracted a bid of exactly INR 7 Crore and was sold to CSK. RCB bought Kiwi all-rounder Kyle Jamieson for 15 crores.