Smallcase raises $8 Million from series A Funding led by Sequoia
Smallcase raises $8 Million in funding led by Sequoia India.
Smallcases are recently accessible on 5 fastest enhancing brokerages.
Above 2.5 lakh investors have already made transactions worth over $282.6 Million by smallcases.a
Smallcase Technologies a Bengaluru based investment tech startup has risen $8 Million funding led by Sequoia India with the active participation of its existing investors Straddle capital, Blume Ventures, WEH Ventures, Beenext Pvt Ltd and DSP Adiko.
Bangaluru based startup initiated in 2016 by Rohan Gupta, Vasanth Kamavat and Anugrah Srivastava. It provides clients with an accumulation of professionally build stocks called ‘smallcases’ allowing them to invest in exchange-traded funds and portfolio of broker partner stocks using their personal existing demat account. They have announced it had raised $8 Million from leading investors.
Kamath said, “We bring research analysts, brokers and advisors at a uniform platform to sell this new instrument called smallcases. We provide an openness portfolio to stock traders with a cost lower than others with full transparency and options to tweak,”
Smallcases are recently accessible on 5 fastest enhancing brokerages Zerodha, HDFC securities, Edelweiss, Axis Direct and 5 paise who are involved in stock trading. The startup claims that above 2.5 lakh investors have already made transactions worth over $282.6 Million since 3 years of the launch of smallcases.
Kamath elaborated it the plan of using the fund, “We will use the fund in making smallcases to reach to all brokers. Here we, provide Broker an opportunity where their clients can also invest in smallcases. We are also planning to provide an infrastructure to enable selling of stocks in ETF via small cases.”
