Stock Investment Platform StockGro Secures Rs 150 Crore in Series B Funding
Stock investment platform StockGro is in the process of raising Rs 150 crore (approximately $17 million) through its Series B funding round, spearheaded by renowned investor Mukul Agarwal. The round sees participation from Sanshi Fund, Neo Apex Share Broking, Valiant Mauritius Partners, and a total of 12 other investors. This new funding follows StockGro’s previous Rs 50 crore debt round secured in September 2025, which was exclusively reported by Startup Superb at that time.
Details of Series B Funding
According to the regulatory filing with the Registrar of Companies (RoC), StockGro’s board has approved the issuance of 12,707 Series B Compulsorily Convertible Preference Shares (CCPS) at an issue price of Rs 78,668 each to raise Rs 100 crore. Additionally, they will issue 6,356 Series B1 partly paid-up shares, amounting to Rs 50 crore. Mukul Mahavir Agarwal will lead this funding round with an investment of Rs 104 crore, which includes Rs 50 crore in partly paid-up shares. The filing states that Rs 12.5 crore worth of shares have been allocated at an issue price of Rs 19,667, with the remaining amount due when the company’s board makes a call.
Investor Contributions
Investors Sanshi Fund and Neo Apex Share Broking Services are committing Rs 10 crore each, while Valiant Mauritius Partners will inject Rs 6 crore into the company. Ajay T. Jaisinghani, a promoter of Polycab India, and Uphar Homfin Pvt Ltd are both investing Rs 5 crore each. The rest of the required amount will be sourced from Hem Securities, Gaurav Jain, Vijay Khetan, and various other angel investors.
StockGro’s Valuation and ESOP Details
Based on Startup Superb’s analysis, StockGro’s post-money valuation is estimated to be Rs 3,187 crore or $362 million. In conjunction with the new funding, the company has also granted 3,966 Employee Stock Ownership Plan (ESOP) options valued at Rs 32 crore, which increases the total ESOP pool to Rs 260 crore (around $30 million).
About StockGro
Founded in 2020 by former venture capitalist Ajay Lakhotia, StockGro operates out of Bengaluru and serves as a fintech platform designed to streamline stock market investing through SEBI-registered advisors. It provides investment advisory services, portfolio management, and educational resources aimed at helping users effectively navigate the stock market.
Company Performance
To date, StockGro has raised approximately $76 million in both debt and equity, according to various sources from startup data intelligence platforms. Prominent investors in the company include Bitkraft Ventures, Root Ventures, and General Catalyst. Although StockGro has yet to release its FY25 figures, it has reported a 34% decline in revenue from operations, which fell to Rs 86.5 crore in FY24, down from Rs 131 crore in FY23. During the same period, the company’s losses peaked at Rs 101 crore, representing an 84% surge.