Stock Investment Platform Smallcase raises $40 million led by Faering Capital, ASFV & Others
Smallcase, a stock investment platform, raised $40 million in a Series C round headed by Faering Capital. Faering's Managing Director and Co-Founder Sameer Shroff will also join the board of the Bengaluru-based business.
New investors Amazon Smbhav Venture Fund (ASFV) and Premji Invest joined the startup, as did current investors Sequoia Capital India, DSP Group, Beenxt, Blume Ventures, and WEH Ventures.
Smallcase plans to use the funds to develop better investment products for individual investors and to give value to its partners — Zerodha, Upstox, and HDFC Bank — by expanding the ecosystem and improving the platform's capabilities.
"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.
smallcase is a firm that builds direct indexing and model portfolios of stocks and ETFs. It was created in 2015 by Vasanth Kamath, Anugrah Shrivastava, and Rohan Gupta. Smallcase claims to have developed more than 250 business solutions thus far.
“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.
“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.
New investors Amazon Smbhav Venture Fund (ASFV) and Premji Invest joined the startup, as did current investors Sequoia Capital India, DSP Group, Beenxt, Blume Ventures, and WEH Ventures.
Smallcase plans to use the funds to develop better investment products for individual investors and to give value to its partners — Zerodha, Upstox, and HDFC Bank — by expanding the ecosystem and improving the platform's capabilities.
"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.
smallcase is a firm that builds direct indexing and model portfolios of stocks and ETFs. It was created in 2015 by Vasanth Kamath, Anugrah Shrivastava, and Rohan Gupta. Smallcase claims to have developed more than 250 business solutions thus far.
“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.
“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.
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