Home / Business and Economy / Fintech StockGro Eyes ₹2,500 Cr IPO
Fintech StockGro Eyes ₹2,500 Cr IPO
6 Oct
Summary
- StockGro secured ₹110 Cr funding led by BITKRAFT Ventures.
- The company aims for a ₹2,000 Cr-₹2,500 Cr IPO.
- StockGro's app aids users in stock research and trading.
Investment tech startup StockGro has secured approximately ₹110 Cr in its ongoing Series B funding round, with BITKRAFT Ventures leading the investment. Existing investors and angel investors, including Suniel Shetty, also participated in this tranche.
This recent capital infusion supports StockGro's operational growth and working capital needs. It precedes the startup's anticipated Initial Public Offering (IPO) on the stock exchange.
AssetGro Fintech Ltd, StockGro's parent company, has pre-filed its draft IPO papers with SEBI. The company is targeting to raise between ₹2,000 Cr and ₹2,500 Cr through the IPO, which may include a fresh issue and an offer for sale.
StockGro provides a platform focused on stock-market research, investing, and trading. Its app integrates market research with social features, allowing users to track stocks, study portfolios, and interact with experts. It also features an AI-powered research assistant named Stoxo.
