StockGro, India’s Social Trading Platform has raised Rs 205 crore in debt funding round from prominent investors Trifecta Ventures and Hindustan Media Ventures. Trifecta is providing debt funding in the form of non-convertible debentures (NCDs), while Hindustan Media is investing Rs 85 crore in the form of optional convertible debentures (OCDs). This investment is being provided in two distinct Tranches.
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Regulating documents obtained from the RoC state that StockGro issued 8,708 OCDs to Hindustan Venture, obtaining capital of Rs 85 crore, and 1,200 NCDs to Trifecta Ventures, raising Rs 120 crore. The StockGro intends to fulfill additional capital and finance requirements by using these monies for the growth and expansion of its operations.
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Ajay Lakhotia, the Founder and CEO of StockGro, expressed the company’s vision, stating, “We are excited about the support from our investors. This funding will play a pivotal role in driving our expansion plans and meeting the capital needs for our ambitious growth trajectory.”
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About StockGro
Founded in 2020 by former venture capitalist Ajay Lakhotia. StockGro is India’s first and largest ‘Social Investment’ platform aimed at helping everyone master the art of ‘Trading & Investment’. StockGro provides a unique immersive experience to its users blending the best of social networking, investment education, and trading in multiple asset classes.
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At the heart of StockGro lies a risk-free simulated environment, where you can gain confidence and hone your stock trading skills without any fear of financial loss. Through experiential learning journeys, users can test their strategies in real time and experience the thrill of trading.
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