As part of its Series B1 round, StockGro, a social investment and stock market advisory platform, has raised $13 million from BITKRAFT Ventures. Shortly after StockGro's $17 million Series B investment from renowned investor Mukul Agarwal's Param Capital, the company received further funding.
Key Highlights
- StockGro secures $13M Series B1 from BITKRAFT Ventures to fuel expansion and product growth.
- Funding supports geographic expansion, stronger advisory research tools, and scaling across multiple investment asset classes.
According to a press release from the company, the new funds will be used for geographic expansion, bolstering its advisory and research stack, and expanding its presence across several asset classes.
StockGro was founded in 2020 by former venture capitalist Ajay Lakhotia. Through its social-first, community-led platform, StockGro is developing a full-stack ecosystem for better trading and investment through expert-driven insights and AI-powered research.
There were almost 4 crore demat accounts in India when StockGro started operating in 2020. In just a few years, this number nearly quadrupled to over 20 crore accounts by 2025, reflecting a wider shift in household involvement in the financial markets.
Also Read: StockGro Set to Secure New Funding from Valiant Capital Management
According to data from TheKredible, the company has raised roughly $90 million in debt and equity to date. SBI Ventures, Root Ventures, and General Catalyst are some of its prominent backers.
StockGro's FY25 financial statements are still pending. The company's operating revenue fell 34% to Rs 86.5 crore in FY24 from Rs 131 crore in FY23, while its losses increased 84% to Rs 101 crore within the same time frame.
