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Exclusive: StockGro secures Rs 50 Cr debt from Trifecta

EntrackrEntrackr · 4m 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.

Exclusive: BharatPe receives $10 Mn debt from Trifecta and InnoVen

EntrackrEntrackr · 1y ago
Exclusive: BharatPe receives $10 Mn debt from Trifecta and InnoVen
Medial

Fintech firm BharatPe has raised Rs 85 crore (approximately $10 million) in debt through non-convertible debentures. This is the second debt infusion in the Peak XV and Coatue-backed company in 2024. The board at BharatPe has issued 500 Series E1 debentures at Rs 10,00,000 each and 3,500 Series F1 debentures at Rs 1,00,00 each to raise Rs 85 crore, its regulatory filing with the Registrar of Companies shows. Trifecta Venture debt pumped in Rs 50 crore while Innoven Capital participated with Rs 35 crore, shows filing. As per Entrackr’s sources, BharatPe completed its $100 million debt round early this year. InnoVen Capital was expected to pump in $60-70 million in BharatPe whereas Credit Saison invested the remaining capital in the Delhi-based company’s NBFC arm Trillion Loans. Debt from Innoven could be a part of the above amount. We have reached out to BharatPe to confirm if their investment is new or existing. Sources close to the fintech firm added that BharatPe chose debt as it is close to break-even and didn’t want to dilute equity. BharatPe raised its last equity round in August 2021 when it also checked into the unicorn club. It has raised over $650 million in equity and debt from the likes of Tiger Global, Dragoneer Investment Group, Steadfast Capital, Coatue Management, Ribbit Capital and others. According to TheArch report, BharatPe’s operating revenue increased by 16%, reaching Rs 1,370 crore in FY24, up from Rs 1,029 crore in FY23. The six-year-old company also reported a 70% reduction in losses, bringing them down to Rs 270 crore in the last fiscal year.

Exclusive: FreshToHome to raise Rs 75 Cr in debt funding

EntrackrEntrackr · 16d ago
Exclusive: FreshToHome to raise Rs 75 Cr in debt funding
Medial

Exclusive: FreshToHome to raise Rs 75 Cr in debt funding Founded in 2015 by Shan Kadavil and Matthew Joseph, FreshToHome operates across around 160 cities in India and has a presence in key markets in the UAE. Bengaluru-based meat and seafood delivery startup FreshToHome is raising Rs 75 crore or $8.5 million from Trifecta Venture in a debt round. FreshToHome’s board has approved the issuance of 750 non-convertible debentures (NCDs) to Trifecta Venture at a face value of Rs 10 lakh each, to raise a total of Rs 75 crore, according to filings sourced from the Registrar of Companies (RoC). The proceeds will be utilised to meet the company’s working capital requirements and for general corporate purposes. In February last year, the company entered the quick commerce space, offering deliveries within 10–15 minutes. According to startup data intelligence platform TheKredible, the firm has raised over $320 million in equity to date. In the last round, FreshToHome raised $104 million in its Series D funding, led by Amazon Smbhav Venture Fund. The round also saw participation from E20 Investment Ltd, Mount Judi Ventures, and Dallah Albaraka. As per Indian entity filings with the Registrar of Companies (RoC), FreshToHome reported a 12.3% year-on-year decline in its revenue from operations to Rs 369.55 crore in FY25, compared to Rs 421.33 crore in FY24. During the same period, the company narrowed its net loss by 2.3% to Rs 146.32 crore, from Rs 149.73 crore a year earlier.

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