According to reports, social investing and stock market advisory platform StockGro is in advanced talks with Boston-based Valiant Capital Management to raise additional funds in its current round. This will be a part of its ongoing Series B round.

Key Highlights

• StockGro is in advanced discussions to raise additional funding from Valiant Capital Management of Boston as part of its ongoing Series B round.
• The Bengaluru-based fintech platform had previously raised US $17 million last week from Param Capital, and now expects Valiant to join the round.

Ace investor Mukul Agarwal's Param Capital contributed $17 million to StockGro's Series B round last week. Based on data obtained from the Registrar of Companies.

The Bengaluru-based fintech company, which was founded in 2020 by former venture capitalist Lakhotia, offers stock market investing through advisors registered with SEBI. It also offers portfolio assistance, investment advice, and instructional tools to help customers understand capital markets.

According to data from TheKredible, the company has raised roughly $76 million in debt and equity to date. Bitkraft Ventures, SBI Ventures, Root Ventures, and General Catalyst are some of its prominent backers.

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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.