The present invention provide a foldable stand for holding phone for operating thereof. The foldable stand includes a first vertical member for detachably securing the phone. The first vertical member includes a first portion, a circular member, at least one first suction cup secured over the circular member, and a second portion extending below the first portion. Further, the first vertical member includes at least one supporting member secured in one of openings for supporting the phone from a lower side, wherein the supporting member has plurality of vertical projection for securing the phone by press fit mechanism. Also, the foldable stand includes a second horizontal member and a plurality of second suction cups. The second horizontal member is pivotally secured to the second portion. The second suction cups are secured to the second horizontal member for securing the foldable stand on a table for operating the phone.