PE Fund Investments
Fintech firm StockGro raises $32-M from Bitkraft Ventures, others
Bengaluru-based social investment startup StockGro has raised USD 32 million led by Bitkraft Ventures, General Catalyst, and Lightricks co-founder Itai Tsiddon. Existing investors including Roots Ventures, and Creed Capital Asia also participated in the round. A syndicate of angel investors including the founders of Base 10 Capital, Junglee Games founder Ankush Gera, and Nazara founder Nitish Mittersain also participated in this round. The round is a mix of primary and secondary funding, where early backers have exited with strong returns. StockGro will use the primary proceeds to introduce new products and ramp up hiring across functions StockGro provides an interactive virtual interface that enables users to learn about and participate in stock markets. StockGro has doubled its user base to 10 million as of January 2022. In August last year, the company raised USD 5 million in a pre-Series A funding round, led by Roots Ventures and Velo Partners. In December 2020, StockGro had raised around USD 1 million in an angel round.
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