Exclusive: StockGro to kick off Series B round

Social investment and stock market advisory platform StockGro is kicking off its Series B round, raising Rs 150 crore (about $17 million) from ace investor Mukul Agarwal and his affiliate entities, according to regulatory filings reviewed by Entrackr.

This comes on the heels of the company’s Rs 50 crore convertible debt infusion from Trifecta Capital in September 2025, to be converted with this round, a development Entrackr had exclusively reported.

As per its RoC filings, StockGro’s board has approved the issuance of Series B CCPS to raise Rs 100 crore, along with B1 partly paid-up shares worth Rs 50 crore. Mukul Mahavir (Agarwal) and his affiliates have subscribed to the round with Rs 100 crore in fully paid capital, while the remaining Rs 50 crore in partly paid shares.

Alongside the new funding, StockGro has also expanded its ESOP pool by issuing 3,966 options valued to help expand the team in India & Middle East (around $30 million).

Founded in 2020 by former venture capitalist Ajay Lakhotia, the Bengaluru-based fintech platform offers stock market investing through SEBI-registered advisors, providing investment advisory, portfolio guidance, and educational tools aimed at helping users navigate capital markets.

To date, the company has raised about $76 million in a mix of debt and equity, per data from TheKredible. Its notable backers include Bitkraft Ventures, SBI Ventures, Root Ventures, and General Catalyst.

StockGro is 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.