Bengaluru-based social investing and market advisory platform StockGro’s Series B1 round has attracted USD 13 million (~INR 117 crore) from BITKRAFT Ventures as part of its Series B1 funding round, underscoring sustained investor confidence in India’s rapidly expanding retail investing ecosystem.
StockGro Series B1 Funding & Use of Proceeds
The company said the fresh capital will go towards geographic expansion, strengthening its advisory and research stack, and deepening participation across multiple asset classes—a continuation of a push to build a social-first, AI-enabled investing ecosystem.
StockGro’s Series B1 fund infusion comes close on the heels of the company’s INR 150-crore Series B round from stock market investor Mukul Agarwal and affiliates earlier this month; that round was structured as convertible and the valuation will be finalised later, according to prior disclosures.
In September, the Bengaluru-based startup also raised INR 50 crore in venture debt from Trifecta Capital. The company has additionally launched “Stoxo,” an AI-powered market research assistant for retail investors, as it broadens its product suite.
Financial Performance & Scale
StockGro is yet to file FY25 numbers. For FY24, revenue from operations declined 34% year-on-year to INR 86.5 crore from INR 131 crore in FY23, while net losses widened 84% to INR 101 crore, according to reports. Cumulatively, the company has mobilised about USD 90 million in a mix of equity and debt to date.
The platform, founded in 2020 by former venture capitalist Ajay Lakhotia, connects users with SEBI-registered advisors and blends expert insights with AI-driven research. The company has previously claimed a community of more than 3.5 crore users and tie-ups with educational institutions.
Market and Regulatory Context
StockGro’s Series B1 funding comes amid a sharp rise in retail market participation in India. When StockGro started in 2020, India had around 4 crore demat accounts; by 2025, that number had crossed 20 crore, underscoring a broader retail shift into equities.
BITKRAFT has separately indicated its intention to step up investments in India across gaming-adjacent and interactive media themes, a backdrop that provides context to its participation in StockGro Series B1 round.
StockGro’s Series B1 Funding Snapshot
- Round: Series B1; investor: BITKRAFT Ventures; amount: USD 13 mn (about INR 117 crore).
- Recent raise: INR 150 crore Series B (convertible) from Mukul Agarwal and affiliates in early December 2025.
- Prior debt: INR 50 crore venture debt from Trifecta Capital in September 2025.
- Use of proceeds: expansion, advisory and research stack, multi-asset push.
- FY24 performance: revenue INR 86.5 crore (down 34% YoY); net loss INR 101 crore (up 84% YoY).
- Cumulative funding: about USD 90 million (equity and debt combined).
Conclusion
StockGro Series B1 funding from BITKRAFT extends the company’s December fundraising streak and adds a specialist global investor to its cap table. With revenue softness and higher losses in FY24, execution on monetisation and the AI-led advisory stack will be closely watched as the company deploys fresh capital into expansion.
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