18.August.2021 – Smallcase, a stock investment platform, announced that it raised USD 40 Million in a Series C funding round. This funding round was led by Faering Capital.
This round saw the participation of investors like Amazon Sambhav Venture Fund (ASFV) and Premji Invest. The existing investors also took part in the round like, WEH Ventures, DSP Group, Sequoia Capital, Blume Ventures and Beenxt.
As a part of the investment round, Sameer Shroff MD and Co-founder, Faering, will join the board of Smallcase.
The capital raised by the company will be utilised to launch better investment products for the retail investor and develop an additional value for partners of Smallcase like Upstox, HDFC Bank, and Zerodha by expanding the ecosystem and enhancing the platform and its capabilities.
Words from investors –
“Globally, we have seen a trend of increased retail participation in equity markets, and in India, smallcase is pioneering digital access for retail investors through their innovative products and channel partnerships. We are excited to lead the Series C round and partner with Vasanth, Anugrah, Rohan, and the entire smallcase team for their next phase of innovation and growth,” said Sameer Shroff, Co-founder and Managing Director, Faering Capital.
About Smallcase –
Smallcase was initiated in 2015 by Anugrah Srivastava, Rohan Gupta and Vasanth Kamath. The startup creates model portfolios of stocks and ETFs and direct indexing. Till now, it claims to have made over 250 business offerings.
“We are focused on expanding our offerings to cement smallcase’s position as the premier portfolio investing layer across asset classes for the retail investor and are excited to welcome our new investor partners with extensive experience in scaling technology and financial services businesses,” said Vasanth Kamath, Founder and CEO, Smallcase.
“In 2020, we launched new features and tools to unlock access to Smallcase through multiple new channels, and now in 2021, we are working to scale our platform and technology to make Smallcase more valuable for both investors and our partners. We are committed to building a simple, transparent, and essential investing ecosystem for India,” Vasanth said.
“The last two years have seen remarkable interest from Indian retail investors in the equity markets, and we are inspired to see smallcases become the primary gateway to stocks and ETFs for millions of new investors,” he added.
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