Smallcase Raises $50 Million Series D Funding Led by Elev8 Venture Partners
Investment platform Smallcase has raised 50 million in a Series D funding round co-led by Elev8 Venture Partners, with State Street Global Advisors, Niveshaay AIF, Faering Capital, and Arkam Ventures joining as investors, the Zerodha-backed company announced on March 28.
The fresh funding will be used to expand its suite of investment products across various asset classes and deepen participation with retail investors and ecosystem constituents.
"The potential to enable the financial futures of millions of Indians is a sacred responsibility. We are committed to doing this honestly and with integrity along with our partners," said Vasanth Kamath, CEO and co-founder of Smallcase.
Founded in 2016 by Kamath, Anugrah Shrivastava, and Rohan Gupta, Smallcase simplifies stock investing for retail investors through professionally managed model portfolios. It offers curated stocks and ETFs based on themes, goals, or strategies and also enables investment in REITs and InvITs.
In 2021, Smallcase raised 40 million in a Series C round led by Faering Capital, with participation from Amazon and Premji Invest.
Navin Honagudi, Managing Director and Founding General Partner at Elev8 Venture Partners, praised Smallcase's innovation and growth in a competitive market.
"India's retail investing ecosystem is changing dramatically, and Smallcase has been at the forefront. Their ability to scale and build trust is exceptional.
We support businesses that not only grow but define industries, and Smallcase embodies that vision. We are excited to back them as they reach millions more investors," he said.
KB Investment-backed Elev8 Venture Partners focuses on high-growth Indian startups in B2B SaaS, Enterprise Tech, Consumer Tech, and FinTech. This is its third investment after funding IDfy and Astrotalk
According to regulatory filings, Smallcase's revenue grew 7% to 31 million in FY23 from 29 million in the previous year .However, its operating losses surged 40% to 133 million.
The fresh funding will be used to expand its suite of investment products across various asset classes and deepen participation with retail investors and ecosystem constituents.
"The potential to enable the financial futures of millions of Indians is a sacred responsibility. We are committed to doing this honestly and with integrity along with our partners," said Vasanth Kamath, CEO and co-founder of Smallcase.
Founded in 2016 by Kamath, Anugrah Shrivastava, and Rohan Gupta, Smallcase simplifies stock investing for retail investors through professionally managed model portfolios. It offers curated stocks and ETFs based on themes, goals, or strategies and also enables investment in REITs and InvITs.
In 2021, Smallcase raised 40 million in a Series C round led by Faering Capital, with participation from Amazon and Premji Invest.
Navin Honagudi, Managing Director and Founding General Partner at Elev8 Venture Partners, praised Smallcase's innovation and growth in a competitive market.
"India's retail investing ecosystem is changing dramatically, and Smallcase has been at the forefront. Their ability to scale and build trust is exceptional.
We support businesses that not only grow but define industries, and Smallcase embodies that vision. We are excited to back them as they reach millions more investors," he said.
KB Investment-backed Elev8 Venture Partners focuses on high-growth Indian startups in B2B SaaS, Enterprise Tech, Consumer Tech, and FinTech. This is its third investment after funding IDfy and Astrotalk
According to regulatory filings, Smallcase's revenue grew 7% to 31 million in FY23 from 29 million in the previous year .However, its operating losses surged 40% to 133 million.
