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Exclusive: StockGro secures Rs 50 Cr debt from Trifecta

EntrackrEntrackr · 11d ago
Exclusive: StockGro secures Rs 50 Cr debt from Trifecta
Medial

url: https://entrackr.com/exclusive/exclusive-stockgro-secures-rs-50-cr-debt-from-trifecta-9780883 Content: Social investment and stock market advisory platform StockGro raised Rs 50 crore ($5.7 million) in debt funding from its existing investor Trifecta Capital. This debt funding follows the Rs 205 crore ($25 million) raised in two tranches in January 2024 from Hindustan Media Ventures and Trifecta Capital. According to filings with the Registrar of Companies (RoC), StockGro’s board approved the issuance of 500 Series B non-convertible debentures at a face value of Rs 10 lakh each, raising Rs 50 crore from Trifecta Capital. Founded in 2020 by former venture capitalist Ajay Lakhotia, the Bengaluru-based StockGro is a fintech platform that simplifies stock market investing through SEBI-registered advisors, offering investment advisory, portfolio management, and educational resources to help users navigate the market. Recently, StockGro has launched Stoxo, India’s first AI-powered stock market research engine. It offers real-time, reliable insights to help retail investors make better decisions. According to startup data intelligence platform TheKredible, the BITCRAFT Ventures-backed company raised over $50 million in both debt and equity, including its $32 million Series A round raised in January 2022. While the company is yet to file its FY25 numbers, its revenue from operations fell 34% to Rs 86.5 crore in FY24 from Rs 131 crore in FY23. During the same period, losses surged 84% to Rs 101 crore.

Halden secures Rs 5 Cr from Prajay Advisors

EntrackrEntrackr · 1y ago
Halden secures Rs 5 Cr from Prajay Advisors
Medial

Mumbai-based luxury men’s brand Halden has raised 5 Rs crore in a seed funding round led by Prajay Advisors. The fresh funds will be used to expand its market presence and product range, Halden said in a press-release. Co-founded in 2019 by Anuj Beriwal and Mukund Singhal, Halden aims to provide access to premium luxury products at an affordable price. The startup manufactures belts, sunglasses, accessories, travel goods and business essentials. Haldèn claims to have served over 1 lakh customers since inception from tier I and tier II cities. The startup intends to expand its offline presence and to enhance brand visibility, increase sales, and penetrate new online & retail markets. Halden empowers the luxury market in India, making high-quality, affordable luxury products accessible to a broader audience.

Yummy Bee secures Rs 18 Cr to fuel expansion into Mumbai and Bengaluru

EntrackrEntrackr · 6m ago
Yummy Bee secures Rs 18 Cr to fuel expansion into Mumbai and Bengaluru
Medial

Yummy Bee, a café chain focused on guilt-free indulgence, has raised Rs 18 crore (over $2 million) in total funding, including Rs 11 crore in its most recent round. The funding round was led by Mile Deep Capital along with participation from other investors such as Mohan Krishna, Ajitha Challa, and Praveen Jaipuriar. The fresh funds will be used for its expansion into Mumbai and Bengaluru as well as establish the base for Consumer Packed Goods (CPG) for the FMCG market, Yummy Bee said in a press release. Founded in 2022 by Sandeep Jangala, Yummy Bee operates outlets in Hyderabad and is set to expand its range of consumer packed goods (CPG) for the FMCG market with new products being added such as millet puffs and almond rocks. It also plans to have channel expansion into both quick commerce and modern trade. Yummy Bee aspires to have an annualized recurring revenue of Rs 50 crore by March 2026 and plans to expand to 20 outlets across India by the end of the year. The brand claims that it has rapidly gained popularity with its sugar-free, gluten-free, preservative-free menu items, including tacos, millet pizzas, pastas, and signature desserts like Double Chocolate Brownies, Blueberry Cheesecake, and Chocolate Truffle Pastry. Yummy Bee aims to reach more health-conscious individuals across the country, with the goal of making guilt-free indulgence accessible in every major city.

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