Smallcase Secures $50 Mn Series D Funding Led By Elev8

Online investment platform Smallcase has raised $50 million in its Series D funding round led by Elev8 Venture Partners.

State Street Global Advisors, Niveshaay AIF, Faering Capital and Arkam Ventures also participated in this round.

The fresh funding will help smallcase expand its products in mutual funds, fixed income and other asset classes, while also growing its market presence and strengthening its connections with retail investors and partners.

It will also improve its technology and data analytics, providing investors with smarter tools to manage their wealth.

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In 2021, Smallcase raised $40 million in its series C funding round led by Faering Capital and others.

“At Elev8, we believe in backing companies that are not just growing fast but are also shaping industries. Smallcase fits that vision perfectly, and we are excited to support them as they expand their offerings and reach millions more investors,” Navin Honagudi, managing director and founding general partner at Elev8 Venture Partners.

“Smallcase’s vision has always been to build simple and transparent products that are relevant for every investor’s portfolio,” said Vasanth Kamath, Co-founder and CEO of Smallcase. “The opportunity to help millions of Indians design better financial futures is one of huge responsibility, and we will continue to deliver on it with honesty and integrity.”

About Smallcase 

Founded in July 2015 by three IIT Kharagpur graduates, the Bengaluru-based Smallcase is a platform that lets investors buy curated portfolios of stocks and exchange-traded funds (ETFs). The platform has handled over Rs 1.2 lakh crore in transactions and serves more than 10 million users.

It also provides technology solutions to over 250 financial institutions and brands, including research firms, advisors, wealth managers, and brokerages.

In April 2023, Smallcase partnered with Zerodha to launch an asset management company focused on index funds and ETFs.

Smallcase was incubated in Zerodha's Rainmatter and Zerodha, through Rainmatter, is also an investor in Smallcase.