Mumbai-based trading-first platform Trackk has raised Rs 30 crore (around $3.16 million) in an extended seed funding round led by Lightspeed India, with participation from Info Edge Ventures. The development comes nearly nine months after the company raised $1 million in a seed funding round from investors including Mga Ventures, GSF Ventures, GNP Group, and others. According to regulatory filings accessed by platform, the board of Trackk approved the issuance of 1,23,630 compulsory convertible preference shares (CCPS) at an issue price of Rs 2,429 apiece to raise Rs 30 crore.

The platform estimates that the company has been valued at around Rs 118 crore (approximately $12.4 million) post-allotment. The fresh proceeds will be used towards capital expenditure, marketing, working capital requirements, and general corporate purposes, according to filings. According to a report, Trackk is in talks to raise $8 million in a round led by Z47 (formerly Matrix Partners India). The valuation will change after completion of the round.

With the latest allotment, Lightspeed India has emerged as the largest external shareholder in the company with around 20% stake, followed by Info Edge Ventures with 5.38%. Meanwhile, the combined stake of the founders diluted from 60.54% to 45.17% following the round. The company is yet to file its FY26 financial statements. For FY25, it reported operating revenue of Rs 11 lakh and losses of Rs 72 lakh.

About trackk

Trackk has been founded in 2021 by Vedant Gupte, Aryan Jain, and Siddharth Thakkar. Trackk is building a stock trading platform targeted at young investors. The platform offers features such as single-screen trading, personalized insights, and behavioral analytics to simplify investing and trading decisions. Last year, the company also secured approval from the Securities and Exchange Board of India (SEBI) to begin brokerage services on both the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE).