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StockGro raises $13 Mn in Series B1 funding from BITKRAFT Ventures

EntrackrEntrackr · 2d ago
StockGro raises $13 Mn in Series B1 funding from BITKRAFT Ventures
Medial

StockGro raises $13 Mn in Series B1 funding from BITKRAFT Ventures Social investment and stock market advisory platform StockGro has raised $13 million from BITKRAFT Ventures, as part of its Series B1 round. The new funding comes soon after StockGro’s $17 million Series B round from ace investor Mukul Agarwal’s Param Capital. Entrackr had exclusively reported this development. The fresh capital will be deployed towards geographic expansion, strengthening its advisory and research stack, and deepening its presence across multiple asset classes, the company said in a press release. Founded in 2020 by former venture capitalist Ajay Lakhotia, StockGro is building a full-stack ecosystem for smarter trading and investing through expert-driven insights and AI-powered research, delivered via its social-first, community-led platform. When StockGro began operations in 2020, India had around 4 crore demat accounts. By 2025, this figure had increased to over 20 crore accounts, a nearly fivefold rise over a few years and a broader shift in household participation in capital markets. To date, the company has raised about $90 million in a mix of debt and equity, per data from TheKredible. Its notable backers include SBI Ventures, Root Ventures, and General Catalyst. StockGro has yet to file its FY25 financials. In FY24, the company’s revenue from operations declined 34% to Rs 86.5 crore from Rs 131 crore in FY23, while its losses widened 84% to Rs 101 crore over the same period.

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

EntrackrEntrackr · 23d 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.

Exclusive: Pilgrim raises $9 Mn with 3X valuation surge

EntrackrEntrackr · 1y ago
Exclusive: Pilgrim raises $9 Mn with 3X valuation surge
Medial

Beauty and personal care D2C firm Pilgrim has raised Rs 75 crore (approximately $9 million) in its extended Series B round led by Fireside and Vertex Ventures. The board at Pilgrim has passed a special resolution to issue 854 Series B1 and B2 preference shares at an issue price of Rs 8,77 655 each to raise Rs 75 crore or $9 million, its regulatory filing accessed from the Registrar of Companies shows. Fireside and Vertex Ventures pumped in Rs 25 crore and Rs 23 crore, respectively. NSFO Ventures, Mirabilis Investment, and NABS Vriddhi cumulatively invested Rs 27 crore during the round. The company will use these proceeds for expansion and general corporate purposes as decided by the board, the filings further added. According to the startup data intelligence platform TheKredible, the company’s valuation has soared to approximately Rs 2,075 crore (around $250 million) post-allotment. This marks an over threefold increase from its last funding round, of $20 million where the company was valued at $75 million. The firm may raise more funds in this round. With the recent funding, Fireside Ventures remains the largest external stakeholder with a 23% stake, followed by Vertex Ventures, which holds 11.2%. NSFO Ventures and Mirabilis Investment command 5.57% and 2.81% stakes, respectively. Founded by Anurag Kedia in 2019, Pilgrim offers more than 90 SKUs across face care, haircare, and skincare products, and fragrances in over 25,000 pin codes. The company said that it offers a wide range of products curated with ingredients from France, Korea, Spain, Australia, the Amazon Rainforest, and Swiss glaciers. The five-year-old firm has raised around $35 million across rounds including its $20 million Series B led by Vertex Ventures in 2023. The company posted 4.47X growth in scale to Rs 76 crore in FY23 from Rs 17 crore in FY22. In pursuit of growth, its losses also jumped 3X to Rs 23 crore in FY23. Pilgrim is yet to file annual results for FY24.

Exclusive: StockGro secures Rs 50 Cr debt from Trifecta

EntrackrEntrackr · 3m 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.

Ice cream brand Go Zero raises $1.5 Mn

EntrackrEntrackr · 1y ago
Ice cream brand Go Zero raises $1.5 Mn
Medial

Ice cream brand Go Zero has raised $1.5 million in its follow-on pre-Series A funding round from DSG Consumer Partners, Saama, and V3 Ventures, among others. The round also saw participation from notable angel investors such as Arjun Purkayastha. Earlier in August last year, the startup had raised $1 million in its pre-Series A funding round led by DSG Consumer Partners, Saama, and V3 Ventures. Founded by Kiran Shah, Go Zero has a diversified product portfolio featuring low-calorie, high-protein, and vegan ice creams. The startup claims that all its products are sweetened with plant-based sweeteners, which are low in calories. Currently present in 16 cities and over 125 dark stores, Go Zero ice cream brand is available on both quick commerce and e-commerce platforms in less than two years of launch. In FY24, Go Zero claims to have grown 4X compared to FY23 and while it saw 7X growth on quick commerce in just 5 months this summer. Go Zero competes with Hocco and NIC. Last year, NIC had raised $11 million in a growth funding round led by Jungle Ventures whereas Hocco recently raised $12 million from Chona family and others.

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