Tech platform smallcase raises $8 mn in Series A Funding from Sequoia India

Online tech platform small case Technologies has introduced that it has received USD 8 million Series A investment led via Sequoia India, with participation from present traders Blume Ventures, Straddle Capital, Bee next Pte Ltd, WEH Ventures & DSP Adiko.

Small case Technologies, the Bengaluru-primarily based business enterprise which operates platforms for the man or woman traders to invest in portfolios of shares & ETFs (known as small cases) with their current demat bills, announced that it has raised USD8 million from leading investors.

“We are constructing small cases as a brand new investment device magnificence that enables you are taking portfolio publicity to stocks & ETFs even as having no rate ratio, making them value-effective. Since the underlying securities are held in the investor’s demat account, they have whole manage & transparency into their investments. Our aim is to make small cases the preferred funding alternative of the modern investor.” says Vasanth Kamath, CEO, and co-founder, small case Technologies.

Small cases are currently to be had on 5 of the largest & fastest developing brokerages consisting of HDFC Securities, Zerodha, AxisDirect, Edelweiss & 5Paisa, and greater partnerships are in the pipeline. Since the launch of the small cases Platform in July 2016, a complete user base of two. Five lakh buyers have transacted over Rs. 2000 crores through small cases.
“As retail participation in fairness investments grows in India, investors are more and more looking for smooth to recognize, transparent, low-price investment products,” said Harshjit Sethi, Principal, Sequoia Capital India Advisors. “Sequoia India is worked up to companion early with them, running with the small case because it pioneers a brand new manner to invest in fairness markets, and grows unexpectedly at the back of its partnerships with top brokerages in India.”

The smallcase team of Vasanth, Anugrah and Rohan are constructing an modern set of equity investment merchandise to be able to form the selections of the following technology of public marketplace traders”, said Karthik Reddy, Managing Partner, Blume Ventures. “By developing simplicity and transparency for direct investors, investment advisors and brokerage houses to offer low-fee equity investing, they’ve quietly risen to $100s of tens of millions of portfolio production in a brief duration. We wish to peer them at the leading edge of fairness marketplace development. We are satisfied to peer Sequoia be a part of the adventure.”
Deepak Gupta, Founding Partner, WEH Ventures also commented, “India’s traders need better methods to invest via obvious, low-price, easy to use the merchandise. Smallcase is on a project to satisfy this need, and we are delighted to return them on this journey.”