Total amount raised
$62.9 Million
Latest funding date
1/1/2024
Location
StockGro has successfully raised funds through seven rounds, with the latest being a Series B round. The company is backed by 35 investors, including notable names like Mukul Agarwal and Param Capital.
Keep reading to explore the intricacies of StockGro's fundraising journey and the investors backing this innovative platform.
What Is StockGro?
StockGro is a fintech platform based in Bangalore, Karnataka, India, designed to help beginners learn stock trading and improve their investment understanding. The company operates as a social investing app, connecting users with SEBI-registered investment advisors and analysts.
Founded in an unspecified year, StockGro has grown to employ between 51-100 people. The platform offers actionable stock insights, verified portfolios, and expert advice, aiming to facilitate financial freedom for its users.
How Much Funding Has StockGro Raised?
- Angel Round
- Amount Raised: $1,000,000
- Date: December 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial features.
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: July 2020
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further develop the platform and expand the user base.
- Seed Round
- Amount Raised: $5,000,000
- Date: August 2021
- Lead Investors: Roots Ventures, Velo Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance platform features and increase market reach.
- Series A Round
- Amount Raised: $32,000,000
- Date: January 2022
- Lead Investors: BITKRAFT Ventures, General Catalyst, Itai Tsiddon
- Valuation at Round: $140,000,000
- Motivation Behind the Round: To scale the platform and enhance its offerings.
- Debt Financing
- Amount Raised: INR 2,050,000,000
- Date: January 2024
- Lead Investors: Hindustan Media Venture, Trifecta Venture
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the business and meet additional capital needs.
- Debt Financing
- Amount Raised: INR 500,000,000
- Date: September 2025
- Lead Investors: Trifecta Capital Advisors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support business growth and operational expansion.
- Series B Round
- Amount Raised: INR 1,500,000,000
- Date: December 2025
- Lead Investors: Mukul Agarwal
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance platform capabilities.
Total Amount Raised: $38,000,000 + INR 4,050,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Mukul Agarwal
- Details: Mukul Agarwal is a prominent investor known for his involvement in various startups. He played a significant role as a lead investor in StockGro's Series B funding round.
- Investment Focus Areas: Technology, Fintech, Consumer Goods
- Notable Investments: Not publicly disclosed
- Trifecta Capital Advisors
- Details: Trifecta Capital Advisors is a venture debt firm that provides debt capital to early-stage and growth-stage companies. They invested INR 500,000,000 in StockGro through debt financing.
- Investment Focus Areas: Technology, Consumer Goods, Financial Services
- Notable Investments: Not publicly disclosed
- Hindustan Media Ventures
- Details: Hindustan Media Ventures is a media company that is part of the HT Media group. They invested INR 2,050,000,000 in StockGro through debt financing.
- Investment Focus Areas: Media, Technology, Consumer Services
- Notable Investments: Oyo, MobiKwik, EazyDiner
- BITKRAFT Ventures
- Details: BITKRAFT Ventures is a global investment platform focused on gaming, esports, and interactive media. They were a lead investor in StockGro's Series A funding round.
- Investment Focus Areas: Gaming, Esports, Interactive Media
- Notable Investments: Not publicly disclosed
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in powerful, positive change that endures. They were a lead investor in StockGro's Series A funding round.
- Investment Focus Areas: Technology, Healthcare, Consumer
- Notable Investments: Not publicly disclosed
What's Next for StockGro?
StockGro stands on the brink of significant growth, fueled by recent debt funding of Rs 205 crore. This financial boost positions the company to expand its platform, enhance technology, and increase user engagement. The fintech industry is ripe with opportunities, particularly in social investment platforms and interactive financial education tools.
Future fundraising appears promising, with potential for additional equity or debt rounds to support ongoing expansion. The company's growth trajectory and market position make it an attractive prospect for investors. However, StockGro will need to navigate challenges such as competition from other fintech platforms and regulatory hurdles in the financial sector.
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