The round was led by Japan based Mynavi Corporation and also saw participation from existing investors Blume Ventures, Bharat Inclusive Technologies Seed Fund, and Rebright Partners.
The fresh funds will support StockGro's expansion into new regions, the development of additional product features and the extension of its services across multiple asset classes.
The company intends to use the new funds to expand its workforce, grow European operations, enhance platform development, and deepen integrations across enterprise systems.
The Series B funding round was led by Abler Nordic's Fund V, with participation from existing investors Michael & Susan Dell Foundation and Unleash Capital.
The funds will be deployed to strengthen SuperK's talent base, enhance operational capacity, and expand into new towns and adjacent product categories.
The funding arrives at a key moment for the Bengaluru-based company, which is witnessing strong demand for its electric two-wheelers, especially in the last-mile delivery sector.
The Mumbai-based startup plans to deploy the fresh capital towards brand expansion, ramping up manufacturing capacity, launching into international markets, and expanding its product portfolio.
The fresh capital will be used to expand Kazam's market presence and further develop its suite of digital energy-transition tools aimed at accelerating the global shift to sustainable mobility.