On Thursday, StockGro said that it had concluded a series A funding round with USD 32 million. The funding round was led by some of the marquee global investors, including BITKRAFT Ventures, General Catalyst, and Itai Tsiddon (co-founder of Israel based Lightricks), with participation from existing backers Roots Ventures, Creed Capital Asia and a host of angel investors, including Base10 Capital founders, Junglee Games founder Ankush Gera, Nazara Technologies founder Nitish Mittersain and founding member of Robinhood.

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The company said participation from existing investors also included a commitment for secondary financing for its early backers, which would lead to multi-fold returns on their previous investments.

StockGro was founded in 2020 by former venture capitalist Ajay Lakhotia. The fintech startup is a social investment platform with an interactive virtual interface that enables users to learn about and participate in stock markets. The company said it had doubled its user base in the last quarter from 5 million in October 2021 to 10 million as of January 2022.