Total amount raised
$62 Million
Latest funding date
8/1/2021
Location
smallcase has successfully raised funding over seven rounds, with the latest being a Series D. The platform offers a range of financial products and services, including smallcases, mutual funds, and investment tools.
Keep reading to explore the intricacies of smallcase's fundraising journey and the investors backing this innovative platform.
What Is smallcase?
smallcase is a fintech company based in Bangalore, Karnataka, India. It offers an investment platform that allows users to invest in a basket of stocks and ETFs. The company operates in the financial services, fintech, stock exchanges, and wealth management industries.
Founded in an unspecified year, smallcase has grown to employ between 251-500 people. The company has successfully raised funds through multiple rounds, with the latest being a Series D round. smallcase provides various investment-related products and services, including themed portfolios, investment guides, and tools for searching stocks and mutual funds.
How Much Funding Has smallcase Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: January 2019
- Lead Investors: Rainmatter Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the platform and develop initial product offerings.
- Series A
- Amount Raised: USD 8,000,000
- Date: February 2019
- Lead Investors: Peak XV Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and scale the platform's capabilities.
- Series B
- Amount Raised: USD 14,000,000
- Date: September 2020
- Lead Investors: DSP Group
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance the platform and increase user acquisition.
- Series B (Additional Tranche)
- Amount Raised: Not publicly disclosed
- Date: December 2020
- Lead Investors: HDFC Bank
- Valuation at Round: USD 52,000,000
- Motivation Behind the Round: To support ongoing growth and platform enhancements.
- Series C
- Amount Raised: USD 40,000,000
- Date: August 2021
- Lead Investors: Faering Capital
- Valuation at Round: USD 200,000,000
- Motivation Behind the Round: To launch better investment products and grow the ecosystem.
- Secondary Market
- Amount Raised: Not publicly disclosed
- Date: March 2025
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To provide liquidity to early investors and employees.
- Series D
- Amount Raised: USD 50,000,000
- Date: March 2025
- Lead Investors: Elev8 Venture Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further scale the platform and expand into new markets.
Total Amount Raised: USD 112,000,000. Current Valuation: Not publicly disclosed.
Key Investors
- Elev8 Venture Partners
- Details: Elev8 Venture Partners is a venture capital firm that focuses on investing in high-growth technology companies. They led the Series D funding round for smallcase.
- Investment Focus Areas: Technology, fintech, healthcare.
- Notable Investments: Not publicly disclosed.
- Faering Capital
- Details: Faering Capital is a private equity firm co-founded by Sameer Shroff. They led the Series C funding round for smallcase, and Sameer Shroff joined the board of smallcase.
- Investment Focus Areas: Technology, financial services, consumer sectors.
- Notable Investments: Not publicly disclosed.
- HDFC Bank
- Details: HDFC Bank is one of India's leading private sector banks. They participated in the Series B funding round for smallcase.
- Investment Focus Areas: Financial services, banking, fintech.
- Notable Investments: Not publicly disclosed.
- DSP Group
- Details: DSP Group is a financial services firm that participated in the Series B funding round for smallcase. They focus on providing investment solutions and financial services.
- Investment Focus Areas: Financial services, technology, asset management.
- Notable Investments: Not publicly disclosed.
- Peak XV Partners
- Details: Peak XV Partners is a venture capital firm that led the Series A funding round for smallcase. They focus on investing in early and growth-stage companies.
- Investment Focus Areas: Technology, healthcare, consumer, financial services.
- Notable Investments: Not publicly disclosed.
What's Next for smallcase?
smallcase is poised to capitalize on the growing interest in retail investments, with opportunities to launch better investment products and expand its ecosystem. The platform's user base has doubled to over 3 million, and transaction volumes have surged, indicating a significant market potential.
Future fundraising opportunities appear promising, with continued interest from major investors like Amazon and Premji Invest. This financial backing will enable smallcase to scale its platform and enhance its offerings, positioning it for further growth.
However, challenges such as maintaining growth momentum and navigating a competitive fintech landscape remain. Ensuring platform reliability and adapting to regulatory changes will be crucial for sustaining long-term success.
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