Lightspeed Leads $3.2M Seed Round for Indian Trading App Trackk

Mumbai-based stock trading app Trackk has raised 300 million rupees (US$3.16 million) in an extended seed round led by Lightspeed India with participation from Info Edge Ventures, according to regulatory filings.

Funding Structure and Investor Participation

The company approved 123,630 compulsory convertible preference shares at 2,429 rupees (US$25) each. Lightspeed invested 236.6 million rupees (US$2.47 million) and Info Edge Ventures contributed 63.7 million rupees (US$664,000), according to the regulatory filings.

The funding will be allocated to capital expenditure, marketing, working capital, and general corporate use.

Company Background and Regulatory Status

Founded in 2021, Trackk received SEBI (Securities and Exchange Board of India) approval last year to offer brokerage services on the National Stock Exchange (NSE) and BSE (Bombay Stock Exchange).

Previous Funding and Financial Performance

This round comes approximately nine months after Trackk raised US$1 million from backers including MGA Ventures and GSF Ventures.

According to financial disclosures, Trackk reported FY25 operating revenue of 1.1 million rupees (US$11,000) and a loss of 7.2 million rupees (US$75,000).

Upcoming Funding Round

The startup is currently in talks to raise US$8 million in a Series A round led by Z47.