Exclusive: StockGro set to raise $15 Mn led by Tawuniya

Social investing and stock market advisory platform StockGro is in advanced discussions to raise up to $15 million in its pre-Series C round, two sources aware of the development told Entrackr.

Tawuniya, Saudi Arabia’s largest insurance company, “will lead the round in the Bengaluru-based firm,” said one of the sources, requesting anonymity. "The terms of the deal are almost final. The investment is expected to be in the range of $10–15 million,” the source added.

Founded in 2020 by Ajay Lakhotia, StockGro offers a platform for trading and investing with expert insights and AI-based research in a community-driven format. It recently launched Stoxo, a research platform that gives its 35 million-plus users ready-to-use investment analysis.

This fresh investment comes shortly after the company closed its Series B1 round in January 2026, raising $13 million from Bitkraft Ventures. Before that, it had secured $17 million in a Series B round led by ace investor Mukul Agrawal’s Param Capital.

StockGro did not respond to queries on the new fundraise.

To date, StockGro has raised a total of $97 million through a mix of equity and debt from investors including General Catalyst, SBI Holdings, and a subsidiary of SoftBank.

The company is yet to file its FY25 financial statements. In FY24, its revenue from operations declined 34% to Rs 86.5 crore from Rs 131 crore in FY23, while losses widened 84% to Rs 101 crore during FY24.

StockGro operates in India’s retail investment market and competes with Groww, Zerodha, Upstox, INDmoney, and Angel One. These firms provide stockbroking, advisory, and investment products to retail users across equity and derivatives segments. It focuses on social investing and research-led tools as it looks to scale its presence in the segment.