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Fintech Startup Smallcase Raises $8 Mn from Sequoia India, Blume Ventures and Others

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Bangalore-based financial technology startup, Smallcase, which focused on democratizing equity investing, has raised $8 million (~ Rs. 56.5 crores) in a series A round of funding led by Sequoia India along with contribution from other investors like Blume Ventures, Straddle Capital, Singapore-based Beenext Pte Ltd, WEH Ventures and DSP Adiko.

Founded in July 2015 by three IIT Kharagpur graduates – Vasanth Kamath, Anugrah Shrivastava and Rohan Gupta, Smallcase build platforms & products for Indians to invest better in equities.

‘Smallcases’ are modern investment products that help users build a low-cost, diversified long term portfolio.  Each smallcase is a basket of stocks/ETFs weighted intelligently to reflect an idea. smallcases are available on India’s largest brokers like Zerodha, HDFC Securities, AxisDirect & Edelweiss.

Since its launch in 2016, the startup claims it have 250,000 investors on board and facilitates over 20 billion Indian rupees (US$282 million) in smallcase transactions (low-cost portfolios of stocks based on trends and themes).

Smallcases are currently available on five of the fastest growing brokerages including HDFC Securities, Zerodha, AxisDirect, Edelweiss and 5Paisa with more partnerships in the pipeline, said Kamath.

Source – Economic Times

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Vardaan
Founding editor at IndianWeb2, he's been writing at IndianWeb2 since 2007. Apart from blogging he had a professional career of software developer, Ux developer and search engine marketer in past. His vision of IndianWeb2 has been laid down so as to showcase, encourage and propagate Indian startups, innovation and entrepreneurship ideas.

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