StockGro, the Bengaluru-based social investment and stock market advisory platform, is in advanced discussions to secure additional funding from Boston-based Valiant Capital Management, according to two sources familiar with the development. The investment is expected to be part of the company’s ongoing Series B round, signalling growing institutional confidence in India’s rapidly evolving retail investing ecosystem.
The potential infusion follows StockGro’s recent $17 million Series B investment from Mukul Agarwal’s Param Capital, a development first reported by Entrackr through filings sourced from the Registrar of Companies. Queries sent to founder and CEO Ajay Lakhotia remain unanswered, and Valiant Capital has yet to comment on the ongoing round.
Founded in 2020 by former venture capitalist Lakhotia, StockGro enables users to invest through SEBI-registered advisors, offering tools for investment planning, portfolio building, and market education. The platform has positioned itself as a social-first investing ecosystem aimed at simplifying capital markets for India’s expanding retail investor base.
To date, the company has raised around $76 million through a mix of equity and debt. Its notable investors include Bitkraft Ventures, SBI Ventures, Root Ventures, and General Catalyst, highlighting strong global and domestic backing.
On the financial front, StockGro is yet to file its FY25 results. However, in FY24, the firm reported a 34% decline in operating revenue, falling to ₹86.5 crore from ₹131 crore in FY23. Losses widened significantly as well, rising 84% to ₹101 crore during the same period due to scaling costs and aggressive customer acquisition efforts.
If the deal with Valiant Capital materialises, it could provide StockGro with renewed momentum in a competitive fintech landscape, while strengthening its push toward sustainable growth and product expansion.
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