India’s retail investor boom has created a new generation of young traders who find existing platforms clunky, complicated and built for someone else. Mumbai-based Trackk is building specifically for them — and Lightspeed India and Info Edge Ventures just placed a ₹30 crore bet on that thesis.
The Funding — Key Details
| Detail | Information |
| Company | Trackk |
| Founded | 2021 |
| Headquarters | Mumbai, Maharashtra |
| Founders | Vedant Gupte, Aryan Jain, Siddharth Thakkar |
| Round Type | Extended Seed Round |
| Amount Raised | ₹30 crore (~$3.16 million) |
| Lead Investor | Lightspeed India — ₹23.66 crore |
| Co-investor | Info Edge Ventures — ₹6.37 crore |
| Post-money Valuation | ~₹118 crore (~$12.4 million) |
| Announced | May 18, 2026 |
| SEBI Registered | Yes — NSE & BSE |
The Deal Structure — How It Was Done
According to regulatory filings accessed by Entrackr, Trackk’s board approved the issuance of 1,23,630 compulsory convertible preference shares (CCPS) at an issue price of ₹2,429 each to raise the fresh capital.
Lightspeed India led the round with an investment of ₹23.66 crore, while Info Edge Ventures invested ₹6.37 crore.
Entrackr estimates the company’s post-money valuation at around ₹118 crore (approximately $12.4 million).
This is an extended seed round — not a fresh Series A. It comes nearly nine months after the startup secured $1 million in seed capital from investors including Mga Ventures, GSF Ventures, and GNP Group.
The extended seed structure signals that Lightspeed and Info Edge chose to invest at the seed stage — getting in early at a lower valuation before Trackk’s anticipated Series A — rather than waiting for the company to hit Series A metrics first.
Who Founded Trackk?
Founded in 2021 by Vedant Gupte, Aryan Jain, and Siddharth Thakkar, Trackk is building a trading-first platform focused on young retail investors.
The three co-founders identified a clear gap in India’s rapidly growing retail stock trading market: existing platforms like Zerodha and Groww were built for experienced traders or general investors, not for the Gen-Z first-timers now flooding Indian markets post-COVID.
Their answer was Trackk — a mobile-first platform redesigned from the ground up around the needs of India’s youngest cohort of investors.
What Does Trackk Do? — The Product
The app offers features such as single-screen trading, behavioural analytics, and personalised insights aimed at simplifying trading and investing decisions.
Three features define Trackk’s product philosophy:
| Feature | What It Does |
| Single-Screen Trading | Entire trade execution — from discovery to order — in one screen, eliminating the multi-step friction of legacy trading apps |
| Behavioural Analytics | Tracks and analyses the user’s own trading patterns — showing them where they tend to win, lose, panic-sell or overtrade |
| Personalised Insights | AI-driven recommendations and market context tailored to each user’s portfolio, style and risk appetite |
The product is explicitly designed to reduce the intimidation barrier that stops young Indians from participating in equity markets — combining simplicity with the analytical depth that serious young traders want.
The SEBI Milestone — Regulatory Green Light
The company had also received approval from the Securities and Exchange Board of India last year to offer brokerage services on both the National Stock Exchange and the Bombay Stock Exchange.
This SEBI registration is a critical competitive moat. Getting SEBI approval as a registered broker on both NSE and BSE is a rigorous and time-consuming process — and having it positions Trackk as a full-service brokerage, not just a fintech app that routes orders through a third party.
It means Trackk can now offer a complete, end-to-end trading experience — from account opening to order execution to settlement — all within its own platform.
Cap Table — Who Owns What Now?
Following the latest investment, Lightspeed India has become the largest external shareholder in Trackk with nearly 20% stake, while Info Edge Ventures holds around 5.38%. The founders’ combined shareholding diluted from 60.54% to 45.17% post the allotment.
| Shareholder | Stake |
| Founders (combined) | 45.17% |
| Lightspeed India | ~20% (largest external shareholder) |
| Info Edge Ventures | ~5.38% |
| Earlier investors | Remaining |
Lightspeed India becoming the largest external shareholder at the seed stage is a strong signal of conviction — it suggests the fund sees Trackk as a potential Series A and beyond company in its India fintech portfolio.
Why Lightspeed India & Info Edge — Strategic Fit
Lightspeed India is one of the most active and respected early-stage VCs in India — with a portfolio that includes Razorpay, ACKO, ShareChat, Udaan and CredAvenue. Its decision to lead Trackk’s round is consistent with its track record of backing ambitious fintech and consumer tech founders early.
Info Edge Ventures is the venture arm of Info Edge (India) — the parent company of Naukri.com, 99acres, Jeevansathi and Shiksha. Info Edge is one of India’s most respected internet companies with a long track record of backing early-stage startups (Zomato and Policybazaar were both early Info Edge bets). Its entry into Trackk reflects confidence in the Gen-Z investing thesis.
Together, the two investors bring financial capital, fintech credibility and deep India internet ecosystem experience to Trackk’s next phase.
How Will the Money Be Used?
The proceeds will be used for capital expenditure, marketing, working capital requirements, and other corporate purposes.
In practical terms, for a trading platform at Trackk’s stage, this likely means:
- Technology: Scaling the trading infrastructure, improving order execution speed and reliability
- User Acquisition: Marketing to young retail investors — the platform’s core demographic
- Compliance & Ops: Building out the brokerage operations team post-SEBI registration
- Product Development: Expanding features based on early user data
What’s Next — $8M Z47 Round in Discussions
According to reports, Trackk is also in discussions to raise an additional $8 million in a new round potentially led by Z47, formerly known as Matrix Partners India.
Z47 (formerly Matrix Partners India) is one of India’s most respected multi-stage VCs — with investments in Ola, Razorpay, Dailyhunt and Stanza Living. If the $8 million round closes with Z47 leading, it would effectively be Trackk’s Series A — a major step up in ambition and execution capacity.
The fact that Trackk is reportedly already in discussions for a larger round within weeks of closing ₹30 crore suggests strong early momentum and investor interest beyond the current round.
Financials — Early Stage, Big Ambition
Financially, the startup reported operating revenue of ₹11 lakh and losses of ₹72 lakh in FY25. The company is yet to file its FY26 financial statements.
| Metric | FY2024-25 |
| Operating Revenue | ₹11 lakh |
| Net Loss | ₹72 lakh |
| FY26 Financials | Not yet filed |
The ₹11 lakh revenue and ₹72 lakh loss in FY25 are classic early-stage pre-product-market-fit numbers — expected for a brokerage that was still building its platform and had not yet launched full brokerage services. The SEBI approval received during FY25 sets up FY26 as the first year of meaningful revenue from actual trading activity.
India’s Retail Investor Boom — The Tailwind
Trackk is riding one of India’s most powerful structural tailwinds. The number of demat accounts in India crossed 17 crore in 2025 — up from just 4 crore in 2020. India added over 30 lakh new demat accounts per month through 2024-25.
The fastest-growing segment: investors under 30 years old, who now constitute over 40% of all new demat account openings. This cohort is digitally native, mobile-first, and deeply dissatisfied with trading platforms that were designed for a different generation.
Trackk’s entire product thesis — single-screen simplicity, behavioural insights, personalised guidance — is built for exactly this user.
