Smallcase, a model portfolios platform has raised has raised $50 million in its Series D funding round led by Elev8 Venture Partners, a $200 million growth-stage fund focused on high-potential Indian startups.
The round also saw participation from State Street Global Advisors, Niveshaay AIF, Faering Capital, and Arkam Ventures.
The funds raised will be used to expand its investment product offerings across asset classes and strengthen its relationships with retail investors and ecosystem partners. Additionally, smallcase plans to strengthen its partnerships with leading financial institutions, enabling deeper industry-wide integration and adoption.
The fresh capital will also accelerate its product expansion across mutual funds, fixed income, and other asset classes while deepening its market reach.
The company will also enhance its technology and data analytics capabilities, equipping investors with smarter tools to optimise their wealth.
Vasanth Kamath, co-founder & CEO of smallcase, said, “smallcase’s vision has always been to build simple and transparent products that are relevant for every investor’s portfolio. The opportunity to help millions of Indians design better financial futures is one of huge responsibility, and we will continue to deliver on it with honesty and integrity along with our partners. I am delighted to welcome our new shareholders who believe in our mission and am grateful to our existing investors for their trust and conviction.”
Navin Honagudi, Managing Director and Founding General Partner at Elev8 Venture Partners, said, “India’s retail investing landscape is undergoing a seismic shift, and smallcase has been at the forefront of this transformation. Their ability to innovate, build trust, and scale in a highly competitive market makes them a standout player. At Elev8, we believe in backing companies that are not just growing fast but are also shaping industries. smallcase fits that vision perfectly, and we are excited to support them as they expand their offerings and reach millions more investors.”
Launched in 2016, Smallcase is an investment management platform that offers curated portfolios of stocks, ETFs, and other securities based on a particular theme, strategy, or idea. These portfolios are designed to make it easier for retail investors to invest in a diversified set of stocks based on their preferences or market trends.
Smallcase recently expanded its offerings through a joint venture with Zerodha to launch an asset management company focused on index funds and ETFs.
Smallcase offerings have served 10+ million individual investors With over ₹1.2 lakh crores in transactions.
