Bangalore’s Investment Tech Startup Smallcase Raises $8 Million In Series A Funding Round
Bangalore-based Investment tech startup Smallcase founded by Vasanth Kamath, Rohan Gupta and Anugrah Srivastava, raised $8 million in a Series A round of funding led by Sequoia India, a company statement revealed. Investors who participated in the funding round included Straddle Capital, Blume Ventures, Beenext Pte Ltd, WEH Ventures and DSP Adiko. According to news reports, the founders will use the funds to build a platform to enable retail brokerages to more products to their client base.The three-year old investment tech startup, founded by IIT-Kharagpur graduates — Vasanth Kamath, Anugrah Shrivastava, and Rohan Gupta in 2015 provides an investing platform to clients to invest in a portfolio of stocks based on a certain theme (for example GST Opportunity.) So far, Smallcase claims that around 2.5 lakh investors have already made transactions to the tune of Rs 2,000 crore on their platform. With the funding, the startup also wishes to expand its tools for research firms and clients so that they can grow their portfolio. The company also plans to beef up its infrastructure for investment advisors and advisory platforms and start transactions in exchange-traded products. As reported, the investment tech startup also plans to start a SaaS solution for clients. The unique thematic investment platform offers clients a way to build a low-cost, diversified long term portfolio. Essentially, each smallcase is a basket of stocks/ETFs weighted intelligently and these are available on the largest brokers like Zerodha, HDFC Securities, AxisDirect, Edelweiss and 5Paisa as well.
Bangalore-based Investment tech startup Smallcase founded by Vasanth Kamath, Rohan Gupta and Anugrah Srivastava, raised $8 million in a Series A round of funding led by Sequoia India, a company statement revealed. Investors who participated in the funding round included Straddle Capital, Blume Ventures, Beenext Pte Ltd, WEH Ventures and DSP Adiko. According to news […]
Bangalore-based Investment tech startup Smallcase founded by IIT Kharagpur graduates raised $8 million in from Sequoia India and other investors
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["API", "funding", "programming_languages:R", "AI", "RAG", "Aim", "R", "startup"]
["AI", "Aim", "RAG", "R", "API", "startup", "funding", "programming_languages:R"]
Richa Bhatia is a seasoned journalist with six-years experience in reportage and news coverage and has had stints at Times of India and The Indian Express. She is an avid reader, mum to a feisty two-year-old and loves writing about the next-gen technology that is shaping our world.