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In a significant development for India’s fintech ecosystem, StockGro has announced the successful completion of its Series B1 funding round, raising $13 million from BITKRAFT Ventures. This investment marks a pivotal moment for the Bengaluru headquartered platform as it continues to reshape how Indian investors engage with financial markets.
Expanding India’s Investment Landscape
Founded in 2020 by Ajay Lakhotia, StockGro has emerged as a prominent player in the investment advisory space, combining educational content with practical market insights. The platform has demonstrated remarkable growth, amassing a user base exceeding 35 million individuals. This substantial reach underscores the increasing appetite among Indian retail investors for accessible, technology driven financial guidance.
The company’s unique positioning lies in its hybrid approach, merging educational technology with financial services. Through strategic collaborations with over 1,500 educational institutions across the country, StockGro has successfully penetrated diverse market segments, particularly targeting first-time investors and serious retail participants seeking to navigate India’s complex financial markets.
Strategic Deployment of Capital
The newly acquired funds will serve multiple strategic objectives. Geographic expansion remains a primary focus, enabling StockGro to extend its services to untapped markets across India. The company plans to significantly enhance its advisory infrastructure by incorporating SEBI registered professionals, ensuring regulatory compliance while delivering high quality investment guidance.
Furthermore, the platform intends to strengthen its research capabilities, providing users with institutional grade analysis previously accessible only to sophisticated investors. The integration of artificial intelligence powered tools will enable personalized recommendations and more efficient decision-making processes for users across various asset classes.
Industry Perspective
Carlos G. Pereira, General Partner at BITKRAFT Ventures, emphasized India’s position as one of the world’s most dynamic investment markets. He noted that StockGro’s convergence of advisory services, community engagement, and technological innovation addresses the evolving needs of India’s digitally native population.
CEO Ajay Lakhotia expressed confidence that this funding round will enable the platform to consolidate its market position while expanding access to sophisticated investment tools. By democratizing financial knowledge and resources, StockGro aims to empower millions of Indians to participate more confidently in wealth creation through informed market participation.
As India’s retail investor base continues its upward trajectory, platforms like StockGro are positioned to play an increasingly vital role in financial literacy and investment democratization across the nation.
