Team StartupCity

• StockGro raises $13 million in a Series B1 round led by BITKRAFT Ventures
• Funds to support expansion, research, and multi-asset offerings
• Total capital raised so far stands at about $90 million

Social investing and stock market advisory platform StockGro has raised $13 million from BITKRAFT Ventures as part of its Series B1 funding round, the company said in a press release.

The latest investment comes shortly after StockGro closed a $17 million Series B round led by Param Capital, founded by ace investor Mukul Agarwal. Together, the two rounds strengthen the company’s balance sheet as it looks to scale its platform and offerings.

StockGro plans to use the fresh capital to expand into new geographies, enhance its advisory and research capabilities, and deepen its presence across multiple asset classes, including equities and other investment products. The company is also investing in its AI-powered research stack to deliver more data-driven insights to users.

Founded in 2020 by former venture capitalist Ajay Lakhotia, StockGro aims to build a full-stack ecosystem for smarter trading and investing. It offers expert-led insights, learning tools, and community-driven discussions through a social-first platform designed for retail investors.

The timing of the fundraise aligns with rapid growth in India’s retail investor base. When StockGro launched, India had about 4 crore demat accounts. By 2025, that number crossed 20 crore, reflecting a sharp rise in household participation in capital markets.

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So far, StockGro has raised nearly $90 million through a mix of equity and debt, according to data from TheKredible. Its investor lineup includes SBI Ventures, Root Ventures, General Catalyst, and others.

The company is yet to file its FY25 financials. In FY24, StockGro reported Rs 86.5 crore in operating revenue, down from Rs 131 crore in FY23, while losses widened to Rs 101 crore during the same period.