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Re:Uber’s New Rival in Australia: An Indian Upstart by hayksaakian on Monday March 19, 2018 @04:48PM (#16622998)
I'm under the impression they're using the 'dictionary definition' rather than a specialized jargon

noun a person who has risen suddenly from a humble position to wealth, power, or a position of consequence.

http://www.dictionary.com/browse/upstart

Re:Uber’s New Rival in Australia: An Indian Upstart by paulddraper on Monday March 19, 2018 @06:58PM (#16624134)
Yeah, it's just the dictionary definition; the little guy trying to become big.

It's a "start up", but that term is a bit ambiguous.