Discount stock broker platform Upstox recently said that it has completed a buyback of 5 per cent of former Tata chairman Ratan Tata's holdings in the company.

Ratan Tata, the veteran businessman, has sold 5% of his stake in Upstox back to the company in a buyback deal, earning 10 times the return on his initial investment. Tata first invested in Upstox in 2016.

Upstox delivers a staggering 23,000% return on investment for Ratan Tata, highlighting the potential of fintech startups and the benefits of early-stage investing.

Upstox, an investment platform, has generated a 10-fold return to Tata group's former chairman Ratan Tata on a buyback of 5 per cent of his stake in the company, according to a company press release.

The value of Ratan Tata's stake in Upstox has soared 23,000% with the digital brokerage now valued at $3.5 billion. Rata Tata had bought around 1.33% stake in Upstox in 2016.

Mumbai-based stock broking startup Upstox has bought back 5% of Ratan Tata's shares, delivering him an impressive 23,000% return on his initial investment. Despite this partial sale, Tata still holds 95% of his original stake in the company.

Ratan Tata has partially exited broking platform Upstox with 10X returns after the startup concluded a buyback of 5% of Tata’s stake in it

The Ratan Tata and Tiger Global-backed digital investment and trading platform said Tata’s stake in Upstox has registered a whopping 23,000% return on the original investment made in 2016, based on its last round valuation of $3.

Upstox said it concluded a buyback of 5% of Ratan Tata’s holdings in Upstox, returning 10x on his original investment as realised capital, while he continues to hold 95% of his stake in the company

Tata, who had acquired a 1.33% stake in the Tiger Global-backed startup in 2016, continues to hold 95% of the investment.

Business tycoon Ratan Tata has sold 5% of his stake in Upstox to the company in a buyback transaction, leading to a 10-fold realised return on his investment, according to a statement. While Tata continues to hold 95% of his original investment, he is set to make 23000% returns on his money, based on Upstox's last round valuation of $3.5 billion.