Social investment platform StockGro has secured Rs 205 crore in debt funding through a round led by major investors Trifecta Ventures and Hindustan Media Ventures. The funding is divided into two tranches, with Trifecta contributing through non-convertible debentures (NCDs), and Hindustan Media Ventures investing Rs 85 crore via optional convertible debentures (OCDs).

Based on regulatory filings obtained from the RoC, StockGro issued 1,200 non-convertible debentures (NCDs) to Trifecta Ventures, generating Rs 120 crore, and 8,708 optional convertible debentures (OCDs) to Hindustan Venture, securing Rs 85 crore in funding. The company intends to deploy these funds to fuel its business expansion, addressing additional capital and financing needs. Established in 2020 by former venture capitalist Ajay Lakhotia, StockGro operates as a fintech startup offering a social investment platform. Its interactive virtual interface enables users to learn about and actively engage in the stock markets.

Having previously raised approximately $40 million in equity funding, including a significant Series A round of $32 million led by Bitkraft Ventures, General Catalyst, and Itai Tsiddon, StockGro achieved a valuation of around $140 million. Bitkraft STG Limited holds the largest external stake at 11.08%, followed by Qlt Technology and Roots Ventures. Founder and CEO Ajay Lakhotia retains a substantial ownership stake of 27.18%.

While financial statements for FY22 and FY23 are pending, StockGro reported an income of Rs 3.97 crore and a loss of Rs 2 crore in FY21. Hindustan Media Ventures, a participant in this funding round, has previously invested in well-known startups like Oyo, MobiKwik, EazyDiner, Zappfresh, and Zvesta, highlighting its commitment to supporting innovative ventures across various sectors.