Trackk Secures Rs 30 Crore Funding for Stock Trading Platform

Mumbai-based trading-first platform Trackk has successfully raised Rs 30 crore (approximately $3.16 million) in an extended seed funding round, led by Lightspeed India with participation from Info Edge Ventures. This milestone follows nearly nine months after the company gathered $1 million in a previous seed funding round from various investors, including Mga Ventures, GSF Ventures, and GNP Group.

Regulatory filings obtained by Startup Superb indicate that Trackk’s board has approved the issuance of 1,23,630 compulsory convertible preference shares (CCPS) at an issue price of Rs 2,429 each to secure Rs 30 crore. Lightspeed India has made a substantial investment of Rs 23.66 crore, while Info Edge Ventures has contributed Rs 6.37 crore. Startup Superb estimates that the company’s value stands at around Rs 118 crore (approximately $12.4 million) post-allotment.

The new funds will be directed towards capital expenditures, marketing efforts, working capital necessities, and general corporate aims, according to the filings. As reported by ET, Trackk is currently in discussions to raise $8 million in another funding round led by Z47, previously known as Matrix Partners India. The company’s valuation is expected to adjust upon the completion of this round.

Company Overview and Vision

Founded in 2021 by Vedant Gupte, Aryan Jain, and Siddharth Thakkar, Trackk is focused on developing a stock trading platform aimed at young investors. The platform is designed to offer features like single-screen trading, tailored insights, and behavioural analytics to make investing and trading decisions easier and more efficient.

Regulatory Approvals and Market Position

In the previous year, Trackk also secured approval from the Securities and Exchange Board of India (SEBI) to commence brokerage services on both the National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). With the latest share allotment, Lightspeed India has positioned itself as the largest external shareholder in Trackk with around a 20% stake, followed closely by Info Edge Ventures with 5.38%. As a result of this funding round, the combined shareholding of the founders has diluted from 60.54% to 45.17%.

Financial Performance

The company is yet to submit its financial statements for FY26. For the financial year FY25, it reported an operating revenue of Rs 11 lakh, coupled with losses amounting to Rs 72 lakh.