StockGro
| Private limited company | |
| ISIN | 🆔 |
| Founded 📆 | 2020 |
| Founder 👔 | Ajay Lakhotia[1] |
| Headquarters 🏙️ | Bangalore, Karnataka, India |
Area served 🗺️ | |
| Members | |
Number of employees | |
| Parent | AssetGro Fintech Private Limited |
| 🌐 Website | www |
| 📇 Address | |
| 📞 telephone | |
StockGro is an Indian fintech company based out of Bangalore. Founded by Ajay Lakhotia[2] in January 2020, StockGro is a social investment platform that enables trading & investing using virtual money. It gamifies & incentivises stock market learning.[3]
History[edit]
After experiencing losses during the 2008 stock market crash, Ajay Lakhotia felt compelled to understand the markets better and recover his money, leading him to enrol in the CFA program & MBA from ISB.[4] After spending a decade as a venture capitalist, he founded StockGro - a fintech company in 2020.[5][6]
Product[edit]
StockGro provides virtual money for users to play trading competitions. Traders who create the best portfolios are given cash rewards. Users can also interact with experts & share strategies.[7]
Funding[edit]
In December 2020, StockGro raised $1 million in an angel round from a clutch of investors - Kunal Shah,[8] Ramakant Sharma, Vivekananda Hallekere, Rahul Garg, Abhishek Nag, Ashish Sharma and others.[9]
The company raised $5 million in pre-series funding round in August 2021 led by Roots Ventures and Velo Partners, followed by a Series A round in January 2022. The firm raised $32 million,[10] led by Bitkraft Ventures, General Catalyst, and Lightricks co-founder Itai Tsiddon.[11]
Reference[edit]
- ↑ "Gamifying Investments: Interview with Ajay Lakhotia, Founder of StockGro". IBS Intelligence. Retrieved 8 October 2022.
- ↑ Ojha, Sangeeta (4 October 2022). "He lost 80 L in stock market, later built a business with 20 million subscribers". Livemint. Retrieved 8 October 2022.
- ↑ "Here's how StockGro is helping millennials learn stock trading through fantasy gaming and competitions". Edex Live. Retrieved 19 October 2022.
- ↑ Outreach, Business (4 October 2022). "In the stock market, Ajay Lokhatia lost 80 lakh. How he eventually created a company with 10 million users". Business Outreach. Retrieved 19 October 2022.
- ↑ "शेयर बाजार में 80 लाख गंवाने के बाद आई 'समझ', खड़ा कर दिया बिजनेस, सब्सक्राइबर 2 करोड़ पार!". News18 (in हिन्दी). 5 October 2022. Retrieved 8 October 2022.
- ↑ "StockGro signs up as Official Sponsor of Royal Challengers Bangalore - Exchange4media". Exchange 4 Media. Retrieved 19 October 2022.
- ↑ "StockGro Named Amongst Top 250 Fintech Companies Globally". APN News. Retrieved 19 October 2022.
- ↑ Menon, Chinmay Pratap (4 August 2021). "Social Investing Platform StockGro Raises $5 Mn From Root Ventures, Velo Partners". Inc42 Media. Retrieved 8 October 2022.
- ↑ "StockGro raises $5 million in funding led by Roots Ventures, Velo Partners". The Economic Times. Retrieved 8 October 2022.
- ↑ Mali, Krishna (20 January 2022). "Social Investment Startup StockGro concluded $32 Million in Series A Round". TechGraph. Retrieved 8 October 2022.
- ↑ Shah, Sneha. "StockGro raises $32 million for new products, hiring". The Economic Times. Retrieved 8 October 2022.
External Links[edit]
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