Exclusive: StockGro to raise fresh funds from Boston-based Valiant Capital Management

Social investment and stock market advisory platform StockGro is in advanced discussions to raise more funds in its ongoing round from Boston-based Valiant Capital Management, according to two people aware of the details of the potential deal.

As per sources, this will be the part of its ongoing Series B round.

Last week, StockGro raised $17 million in Series B round from ace investor Mukul Agarwal’s Param Capital. Entrackr had exclusively reported this development, based on information sourced from the Registrar of Companies.

Queries sent to StockGro CEO Ajay Lakhotia remained unanswered. We have also reached out to Valiant Capital Management.

Founded in 2020 by former venture capitalist 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 has 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.