StockGro Engages with Valiant Capital Management for Funding

StockGro is a social investment and stock market advisory platform currently in advanced discussions to secure additional funding from Boston-based Valiant Capital Management. This funding initiative is part of its ongoing Series B round.

According to sources, just last week, StockGro successfully raised $17 million in its Series B round from renowned investor Mukul Agarwal, representing Param Capital. This information was initially reported by Startup Superb, based on insights obtained from the Registrar of Companies. Queries directed to StockGro CEO Ajay Lakhotia have not yet received a response. Attempts to reach out to Valiant Capital Management are also underway.

About StockGro

Established in 2020 by Lakhotia, a former venture capitalist, StockGro is based in Bengaluru. This fintech platform is dedicated to providing users with stock market investment opportunities through SEBI-registered advisors. It offers a range of investment advisory services, portfolio guidance, and educational tools designed to assist users in navigating the complexities of capital markets.

Funding History and Financial Performance

To date, StockGro has raised approximately $76 million through a combination of debt and equity, according to various data sources. Its prominent investors include Bitkraft Ventures, SBI Ventures, Root Ventures, and General Catalyst.

The company has yet to disclose its financials for FY25. However, in FY24, StockGro reported a decline in revenue from operations by 34%, dropping to Rs 86.5 crore from Rs 131 crore in FY23. Simultaneously, its losses increased by 84%, amounting to Rs 101 crore over the same timeframe.