Smallcase Raises $14 Million From DSP Group, Others

Bengaluru: Capital markets infrastructure startup smallcase on Monday said it has raised $14 million as part of its Series B financing round led by DSP Group along with existing investors Sequoia Capital India, Blume Ventures, Beenext and WEH Ventures. At present, the smallcase platform is integrated with Zerodha, HDFC Securities, Kotak Securities, 5Paisa, and AxisDirect to help offer stock and ETF smallcases to their client base. “Smallcase is targeting 40 million direct equity investors in India with its innovative, easy to understand, transparent and digital first products. Their rapid growth, exceptional investor retention, unique marquee partnerships across the ecosystem have been key reasons why the Sequoia India team has doubled down on their partnership with the company”, said Harshjit Sethi, Principal, Sequoia Capital India LLP. smallcase also launched its ‘publisher platform’ last year, a business-in-a-box solution to democratise investment product manufacturing. Apart from brokerage integrations and its B2B offering, smallcase also directly engages with retail investors through the smallcase app that enables users to invest and track their investments across different brokerages.