On February 19, 2026, reports surfaced that the Bengaluru-based social investing platform StockGro is in advanced discussions to raise $10–15 million in a pre-Series C funding round.
The investment is set to be led by Tawuniya, which is Saudi Arabia’s largest insurance company. This marks a significant entry of Saudi strategic capital into the Indian retail fintech space.
Investment Details
- The Investor: Tawuniya (The Company for Cooperative Insurance) is a major financial player in Saudi Arabia. Its lead role in this round suggests a strategic interest in digital wealth and social investing platforms within the Indian market.
- Funding Amount: The deal is expected to fall between $10 million and $15 million.
- Stage: This is a pre-Series C round. It follows a very active fundraising period for StockGro, which closed its Series B1 round for $13 million only a month earlier in January 2026.
- Total Capital: To date, StockGro has raised approximately $110 million in total funding through a mix of equity and debt.
Strategic Rationale: The “Stoxo” Expansion
The fresh capital is earmarked for scaling StockGro’s latest technological and geographic ambitions:
- AI-Powered Research: The funds will support Stoxo, the AI-based research assistant StockGro launched in late 2025. Stoxo is designed to provide institutional-grade investment analysis to retail users.
- Geographic Reach: The company is looking to deepen its footprint across “Bharat” (Tier II and Tier III cities) and potentially explore Middle Eastern markets, given the new partnership with Tawuniya.
- Advisory Stack: Strengthening its community-led advisory model, which connects its 35 million+ users with SEBI-registered experts.
Financial Snapshot (FY24)
While the user base has exploded to over 35 million, the company is still navigating the path to profitability:
| Metric | FY24 Performance | Change from FY23 |
| Operating Revenue | ₹86.5 Crore | -34% |
| Net Loss | ₹101 Crore | +84% (Loss widened) |
| User Base | 35 Million+ | Rapid growth |
Context: The “Saudi-India” Investment Corridor
This deal coincides with a broader opening of the Saudi financial markets. As of February 1, 2026, Saudi Arabia officially opened its capital markets to all categories of foreign investors, removing several long-standing restrictions. StockGro’s deal with Tawuniya reflects the growing “two-way” financial relationship between the two nations.
“Every Indian should have access to the kind of guidance and research that builds real, lasting wealth.” — Ajay Lakhotia, Founder & CEO of StockGro.
