
StockGro Raises Rs 50 Crore to Expand AI Stock Research & Financial Education

- StockGro raised Rs 50 crore ($6 million) through non-convertible debentures.
- The funding supports the launch of Stoxo, its new AI stock research platform.
- The Bengaluru startup now serves over 35 million users, mainly in Tier II and III cities.
Bengaluru based social investing platform StockGro has raised Rs 50 crore ($6 million) through the private placement of secured, redeemable non-convertible debentures (NCDs). The company allotted 300 Series B debentures worth Rs 30 crore to Trifecta Venture Debt Fund-III and 200 debentures worth Rs 20 crore to Trifecta Venture Debt Fund-IV, as per a regulatory filing. The issue received approval during StockGro’s extraordinary general meeting.
The fresh funding comes as StockGro expands its offerings. Last month, it launched Stoxo, an AI powered stock research engine designed for retail traders and investors. Built using behavioural data from over 35 million users, Stoxo delivers real time, credible market insights and aims to reduce dependence on unreliable tips from social media.
Ajay Lakhotia, Founder and CEO of StockGro, said, “The real challenge wasn’t access to data, it was making sense of it. Stoxo acts like a research desk in every Indian’s pocket”.
Also Read: The Role of AI-Powered Stock Platforms in Modern Investment Strategies
StockGro offers gamified learning, SEBI registered advisory, and trading courses. More than 60% of its users are from smaller towns, and it partners with companies like Zomato and institutions like the Border Security Force to promote personal finance education.
As India’s venture debt market grows rapidly reaching $1.23 billion in 2024, startups like StockGro are turning to debt funding to scale without diluting equity. Bengaluru remains a hub, accounting for 40% of these deals.