Trackk raises $3.16 million in seed round led by Lightspeed

The funding round was led by Lightspeed India with additional participation from Info Edge Ventures.

The new investment values Trackk at around Rs 118 crore (about US$12.4 million) after the funding round was completed.

According to regulatory filings, Trackk’s board approved the issue of 1,23,630 compulsory convertible preference shares (CCPS) at a price of Rs 2,429 per share to raise Rs 30 crore.

In this funding round, Lightspeed India invested Rs 23.66 crore, while Info Edge Ventures invested Rs 6.37 crore in Trackk.

According to the company’s filings, the newly raised funds will be used for business expansion, marketing, daily operational needs, and other general company expenses.

Founded in 2021 by Vedant Gupte, Aryan Jain and Siddharth Thakkar, Trackk is a stock trading platform made for young investors. It gives users a simple, single-screen interface to buy and sell stocks easily.

It also provides personalized insights and behavior-based analytics. This helps users understand their trading habits and make better investment decisions.

The company has received approval from SEBI to offer brokerage services on both the NSE and BSE, which means it can legally operate as a stock broker in India.

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