Smallcase raises $50 million in series D round led by Elev8 Venture Partners – CNBC TV18

Bengaluru-based mostly Fintech startup Smallcase has raised $50 million in its Series D funding round led by Elev8 Venture Partners, with participation from State Avenue World Advisors, Niveshaay AIF, Faering Capital and Arkam Ventures.

The capital raised will likely be used to develop Smallcase’s funding product choices throughout asset lessons and strengthen its relationships with retail traders and ecosystem companions, the Zerodha-backed funding platform stated on Friday, March 28.

“The chance to assist tens of millions of Indians design higher monetary futures is certainly one of large duty and we’ll proceed to ship on it with honesty and integrity together with our companions. I’m delighted to welcome our new shareholders who imagine in our mission and are grateful to our present traders for his or her belief and conviction,” stated Vasanth Kamath, co-founder and CEO at Smallcase.

Again in 2021, the net funding platform had raised $40 million in series C round led by Faering Capital with participation from Amazon and billionaire Azim Premji’s Premji Make investments at an undisclosed valuation.

Launched in 2016, Smallcase gives a mannequin portfolio platform that has served over 1 crore traders. The startup additionally gives expertise options to over 250 monetary establishments, together with analysis companies, advisors, wealth managers, and brokerages.