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Exclusive: StockGro secures Rs 50 Cr debt from Trifecta

EntrackrEntrackr · 2m 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.

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Exclusive: StockGro to kick off Series B round at over $360 Mn valuation

EntrackrEntrackr · 3d ago
Exclusive: StockGro to kick off Series B round at over $360 Mn valuation
Medial

Exclusive: StockGro to kick off Series B round at over $360 Mn valuation StockGro is raising Rs 150 crore ($17 million) in its Series B round led by Mukul Agarwal with the participation of Sanshi Fund, Neo Apex Share Broking, Valiant Mauritius Partners and 12 other investors. This funding follows the company’s Rs 50 crore debt round raised in September 2025 from Trifecta Capital, which Entrackr exclusively reported at that time. The StockGro’s board approved the issue of 12,707 Series B CCPS at an issue price of Rs 78,668 each to raise Rs 100 crore and 6,356 Series B1 partly paid up shares amounting to Rs 50 crore, according to its regulatory filing with the Registrar of Companies (RoC). Ace investor Mukul Mahavir Agarwal will lead the round with Rs 104 crore, which includes Rs 50 crore in partly paid-up shares. Sanshi Fund and Neo Apex Share Broking Services are investing Rs 10 crore each, while Valiant Mauritius Partners will invest Rs 6 crore. Polycab India promoter Ajay T. Jaisinghani and Uphar Homfin Pvt Ltd will invest Rs 5 crore each, with the remaining amount to be contributed by Hem Securities, Gaurav Jain, Vijay Khetan, and other angel investors. According to Entrackr’s analysis, StockGro’s valuation will stand at Rs 3,187 crore or $362 million post-money. In addition to the fresh funding, the company also issued 3,966 ESOP options worth Rs 32 crore, taking the total ESOP pool to Rs 260 crore (around $30 million). 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. The Bengaluru-based startup had raised about $76 million in debt and equity to date, according to startup data intelligence platform TheKredible. Its lead investors include Bitkraft Ventures, Root Ventures, and General Catalyst. 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, its losses surged 84% to Rs 101 crore.

Fintech startup Care.fi secures Rs 8 Cr in debt

EntrackrEntrackr · 1y ago
Fintech startup Care.fi secures Rs 8 Cr in debt
Medial

Healthcare-focused fintech startup Care.fi has raised Rs 8 crore in debt capital, securing Rs 5 crore from Wint Wealth and Rs 3 crore in impact debt capital from Caspian The Gurugram-based company had previously raised $2 million (Rs 16 crore) in debt capital from Trifecta Capital, along with an additional $0.6 million (Rs 5 crore) from UC Inclusive Credit three months ago. The fresh funds will be used to ramp up its presence in the market and invest in the betterment of healthcare fintech especially for optimizing the operational end of hospital management, Care.fi said in a press release. Co-founded in 2021 by Sidak Singh and Vikrant Agarwal, Care.fi is a fintech company offering smart financing solutions to hospitals, doctors, and allied suppliers. It bridges the gaps in funding within the healthcare industry. The company addresses the financial needs of healthcare professionals and institutions, facilitating smoother operations and accelerated growth. According to Care.fi, it is currently working with more than 50 hospitals and has helped over 2,000 patients. It claims that its total disbursals increased by 4x, with cumulative disbursals of $48 million (Rs 400 crore) last year. Care.fi has also received an NBFC license within two years of operation. Other major players in this space are CarePay, SaveIn, and Bajaj Finserv Health.

Exclusive: BigBasket secures Rs 200 Cr debt

EntrackrEntrackr · 11d ago
Exclusive: BigBasket secures Rs 200 Cr debt
Medial

Exclusive: BigBasket secures Rs 200 Cr debt BigBasket’s consumer-facing arm, Innovative Retail, has secured Rs 200 crore (approximately $22.7 million) in debt funding from DBS Bank Ltd. This is its first major capital injection in nearly three years, after the $200 million round led by Tata Digital in December 2022. According to its filing with the Registrar of Companies (RoC), the board of Innovative Retail Pvt Ltd (BigBasket’s B2C arm) has allotted 20,000 non-convertible debentures (NCDs) at a face value of Rs 1,00,000 each to raise the above-stated amount. The aforementioned debentures are issued for a tenure of 18 months and a coupon rate of 8.2% per annum, the filing added. The filing added that the proceeds from the debt raise will be used to set up and maintain dark stores, along with other general corporate purposes. Founded in 2011, BigBasket operates an inventory-led online grocery model, managing its own dark stores and delivery network while offering a wide range of products, including private labels. In August 2024, BigBasket fully pivoted to quick commerce, making 10-minute delivery its primary focus. According to startup data platform TheKredible, the company has raised over a billion dollars in funding to date from major investors such as Mirae Asset, British International Investments, and Bessemer Venture Partners. Tata Digital acquired BigBasket in May 2021. On the financial front, BigBasket’s (B2C) losses widened to Rs 1,850 crore in the fiscal year ended March 2025 while its revenue remained flat at Rs 7,673 crore during the period.

Exclusive: D2C brand Ecosoul secures Rs 45 Cr debt from Bajaj

EntrackrEntrackr · 2m ago
Exclusive: D2C brand Ecosoul secures Rs 45 Cr debt from Bajaj
Medial

Exclusive: D2C brand Ecosoul secures Rs 45 Cr debt from Bajaj Ecosoul, a D2C eco-friendly home essentials startup, has raised Rs 45 crore (approximately $5.2 million) in fresh debt funding from Bajaj Financial Securities. The company last raised a major funding round in October 2022, securing $10 million led by Accel and Singh Capital Partners. The Ecosoul’s board has issued 7,500 compulsory convertible debentures at a face value of Rs 60,000 each to secure Rs 45 crore from Bajaj Financial, according to its regulatory filing accessed from Registrar of Companies (RoC). The proceeds will be used to meet working capital needs and other general corporate purposes, according to the filing. Founded in 2020 by Rahul Singh and Arvind Ganesan, EcoSoul offers eco-friendly home essentials made from sustainable materials such as palm leaves, bamboo, sugarcane bagasse, and PLA. Its product range includes items like bamboo chopping boards, biodegradable cups, and palm leaf plates. The company boasts a portfolio of over 1,800 products, available across 50+ retail stores in more than seven countries, including India, the USA, Vietnam, and China. EcoSoul reported over 40% year-on-year revenue growth, reaching Rs 26.8 crore in FY24, as per its India filings. The company, however, posted a loss of Rs 4.6 crore during the same period. Noida and US-based Ecosoul competes with other sustainable home essentials startups such as CHUK, Delhi-based Ecoware, and Mumbai-based Dinearth, among others.

Exclusive: FlexiLoans secures Rs 60 Cr debt from Vivriti AMC

EntrackrEntrackr · 1y ago
Exclusive: FlexiLoans secures Rs 60 Cr debt from Vivriti AMC
Medial

MSMEs-focused fintech lender FlexiLoans has raised Rs 60 crore via non-convertible debt from Vivriti Asset Management. The fresh funds come after a gap of around 20 months for the Mumbai-based company. The board at FlexiLoans has passed a special resolution to issue 6,000 non-convertible debentures (NCDs) at an issue price of Rs 1,00,000 per debenture for a consideration of Rs 60 crore in one or more tranches, as per the company’s regulatory filings with the Registrar of Companies. The company has already received Rs 30 crore as part of the first tranche from Vivitri Emerging Corporate Bond Fund (Vivriti Asset Management). The debt has a rate of interest of 12.9% per annum with a tenure of 31 months. The company intends to utilize the funds for the ongoing business operations. Founded by Deepak Jain, Manish Lunia, Ritesh Jain and Abhishek Kothari, FlexiLoans provides MSMEs access to collateral-free funds through its digital lending platform. The company uses proprietary technology and risk models to score customers and approve loans within 48 hours. FlexiLoans has more than 120 partners including companies like Amazon, Flipkart, BharatPe, Pine Labs, and Mswipe. FlexiLoans has raised over $115 million to date via equity and debt. In June 2022, it raised $90 million in its Series B round through an equity and debt mix from Fasanara Capital, MAJ Invest, and Caravel Group chairman Harry Banga’s family office along with existing shareholders including Sanjay Nayar. FlexiLoans’ revenue from operations surged 110.7% to Rs 108.5 crore during FY23 from Rs 51.5 crore in FY22. The company generates revenue from interest on loans, loan processing fees and other financial charges. As per the startup intelligence platform TheKredible, the company also turned profitable with Rs 6.66 crore profit in FY23 against Rs 10.8 crore loss in FY22.

Exclusive: Oxyzo secures Rs 100 Cr debt

EntrackrEntrackr · 9m ago
Exclusive: Oxyzo secures Rs 100 Cr debt
Medial

Exclusive: Oxyzo secures Rs 100 Cr debt Fintech unicorn Oxyzo has secured Rs 100 crore (approximately $12 million) in debt from AK Capital Finance, a subsidiary of merchant banker A.K. Capital Services Ltd. The boards at Oxyzo allotted 1,00,000 non-convertible debentures to AK Capital at an issue price of Rs 10,000 each to raise Rs 100 crore, its regulatory filing sourced from the Registrar of Companies shows. The aforementioned debentures are issued for a tenure of 24 months and carry an interest rate of 9.75% per annum, the filing added. The proceeds will be used to augment the long-term resources of the company and meet working capital requirements. Oxyzo is the lending arm of B2B e-commerce unicorn OfBusiness, providing customized credit solutions for SMEs. It offers a range of loan products, including term loans, working capital solutions, low-interest rates, and collateral-free credit options. According to data intelligence platform TheKredible, the Gurugram-based company reported operating revenue of over Rs 900 crore and a profit of Rs 290 crore for the financial year ending 2024. Oxyzo’s net profit grew 11.38% to Rs 82.89 crore and sales jumped 27.43% to Rs 282.80 crore in the quarter ended December 2024 (Q3 FY25), compared to Rs 221.93 crore in December 2023. The Ruchi Kalra-led firm achieved unicorn status by raising $200 million in its first external funding round, and it became the first startup to surpass a $1 billion valuation during its Series A round. As per TheKredible, OFB group including promoters holds 74.5% while Alpha Wave is the largest external stakeholder with 7.4% followed by Tiger Global.

Exclusive: Cleantech firm Hygenco raises Rs 50 Cr debt

EntrackrEntrackr · 12m ago
Exclusive: Cleantech firm Hygenco raises Rs 50 Cr debt
Medial

Cleantech startup Hygenco has raised Rs 50 crore (approximately $6 million) via non-convertible debentures from Trifecta. This is the first debt investment for the Gurugram-based company this year. The board at Hygenco has passed a special resolution to issue 500 debentures at an issue price of Rs 1,00,000 each to raise Rs 50 crore, its regulatory filing sourced from the Registrar of Companies shows. The aforementioned dentures are issued for a tenure of 24 months and carry an interest rate of 14.5% per annum, the filing added. Hygenco specializes in developing and deploying commercial systems for green hydrogen and ammonia production. Its solutions cater to large-scale process industries, marine and terrestrial transportation, and personal mobility sectors. Hygenco secured its first investment of $25 million from the SBI through (Neev II Fund) in October 2022. Media reports suggest the company aims to raise a total of $100 million by the end of this year. The company also partnered with Jindal Stainless to set up the country's first green hydrogen plant. According to startup data intelligence platform TheKredible, SBI, through its Neev II Fund, holds a 49.6% stake in Hygenco. The company's co-founders—Amit Bansal, Anshual Gupta, and Aashish Gupta—collectively own 46.1% of the company. The company was in the pre-revenue stage till the financial year ended March 2023 with a loss of Rs 6.3 crore. Hygenco has yet to file annual results for the previous fiscal year (FY24).

Exclusive: Edu-fintech company Auxilo raises Rs 225 Cr debt

EntrackrEntrackr · 4d ago
Exclusive: Edu-fintech company Auxilo raises Rs 225 Cr debt
Medial

Exclusive: Edu-fintech company Auxilo raises Rs 225 Cr debt Auxilo, an education-focused non-banking financial company (NBFC), has secured Rs 225 crore (around $25.5 million) in debt funding from Neo Group, Nuvama Wealth, Dezerv, and The South Indian Bank. Earlier this year in February, Motilal Oswal invested Rs 50 crore in Auxilo through a debt round, as exclusively reported by Entrackr. The Auxilo’s board has issued 22,500 non-convertible debentures (NCDs) at a face value of Rs 1,00,000 each to raise the above-mentioned sum, according to its filing with the Registrar of Companies (RoC). Neo Group led the debt round with a Rs 100 crore ($11.36 million) investment, while Nuvama Wealth and Dezerv contributed Rs 50 crore each, and The South Indian Bank added Rs 25 crore. The debentures carry an interest rate of 9.7% per annum with a three-year tenure, while those issued to The South Indian Bank come at a 10% annual interest rate. Founded in 2016, Auxilo provides education loans to students for higher studies in India and abroad and to educational institutes for infrastructure modernization. Its educational loans include all the expenses related to the course, including classroom expenditures, pre-visa approvals, and airfares. For the fiscal year ended March 2025, Auxilo’s operating revenue rose nearly 50% to Rs 528 crore from Rs 357 crore in FY24. During the same period, the company’s profit surged 62% to Rs 112 crore.

Exclusive: Moneyview secures Rs 100 Cr debt, appoints independent directors

EntrackrEntrackr · 4d ago
Exclusive: Moneyview secures Rs 100 Cr debt, appoints independent directors
Medial

Exclusive: Moneyview secures Rs 100 Cr debt, appoints independent directors Consumer lending platform Moneyview has raised Rs 100 crore (about $11.4 million) in debt from RevX Capital and Motilal Oswal. The infusion comes at a time when the company has been gearing up for a potential public listing. According to the company’s filing with the Registrar of Companies (RoC), Moneyview’s board has issued 100 non-convertible debentures (NCDs) at a face value of Rs 1 crore each to raise Rs 100 crore. RevX Capital led the round with Rs 45 crore, followed by Motilal Oswal with Rs 40 crore, while Arthos Corporate and ElectroMech India contributed Rs 11 crore and Rs 4 crore, respectively. The Tiger Global–backed company is likely to raise more debt in multiple tranches of up to Rs 750 crore, according to the filing. According to a separate filing by the company in September, Moneyview has appointed Alpana Parida, Sameer Kumar Baiswala, and Anil Berera as non-executive independent directors of the company. Founded in 2014, Moneyview offers personalized products such as instant loans, cards, BNPL, and financial management tools, partnering with over 15 lenders. It also plans to expand into digital bank accounts, insurance, and wealth management services. The company claims to have over 65 million users and more than 5 crore app downloads. According to startup data platform TheKredible, the Bengaluru-based firm has raised over $240 million across multiple rounds from investors including Accel, Tiger Global, and Ribbit Capital. The company entered the unicorn club in September last year after raising $4.6 million from Accel and Nexus Venture Partners. On the financial side, Moneyview maintained its strong growth momentum and posted a 74% YoY increase in its revenue in FY25. Profits for the fintech unicorn grew 40% to Rs 240 crore during the year. As per media reports, Moneyview is eyeing to raise over $400 million (around Rs 3,400 crore) through its initial public offering (IPO) and has reportedly appointed Axis Capital, Kotak Mahindra, and others as its banking partners.

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