Tech platform smallcase increases $eight mn in Series A Funding from Sequoia India
small case Technologies, the Bengaluru-based enterprise which operates systems for character investors to spend money on portfolios of stocks & ETFs with their present demat debts, introduced that it has raised $8 million from main traders.
Online tech platform small case Technologies has introduced that it has received USD eight million Series A investment led with the aid of Sequoia India, with participation from present investors Blume Ventures, Straddle Capital, Bee next Pte Ltd, WEH Ventures & DSP Adiko. Small case Technologies, the Bengaluru-based totally employer which operates systems for man or woman buyers to put money into portfolios of shares & ETFs (known as small cases) with their current demat bills, introduced that it has raised USD8 million from leading buyers.
“We are constructing small cases as a brand new investment tool class that facilitates you take portfolio exposure to stocks & ETFs while having no expense ratio, making them price-powerful. Since the underlying securities are held inside the investor’s demat account, they have got entire manage & transparency into their investments. We intend to make small cases the favored investment alternative of the present day investor.” says Vasanth Kamath, CEO, and co-founder, small case Technologies.
Small cases are presently available on 5 of the most important & quickest growing brokerages consisting of HDFC Securities, Zerodha, AxisDirect, Edelweiss & 5Paisa, and more partnerships are within the pipeline. Since the launch of the small cases Platform in July 2016, a complete consumer base of two.5 lakh traders has transacted over Rs. 2000 crores through small cases.
“As retail participation in fairness investments grows in India, buyers are more and more seeking out easy to understand, transparent, low-value funding merchandise,” stated Harshjit Sethi, Principal, Sequoia Capital India Advisors. “Sequoia India is excited to partner early with them, running with the small case as it pioneers a new manner to put money into equity markets, and grows swiftly on the again of its partnerships with pinnacle brokerages in India.”
The small case crew of Vasanth, Anugrah and Rohan are building a progressive set of equity funding products with the intention to shape the picks of the following era of public marketplace investors”, said Karthik Reddy, Managing Partner, Blume Ventures. “By creating simplicity and transparency for direct investors, funding advisors and brokerage houses to offer low-value equity investing, they have got quietly risen to $100s of millions of portfolio production in a short duration. We wish to peer them at the vanguard of fairness marketplace development. We are satisfied to see Sequoia join the adventure.”
Deepak Gupta, Founding Partner, WEH Ventures also commented, “India’s traders need better approaches to make investments via transparent, low-price, easy to use the merchandise. Small case is on a mission to satisfy this need, and we are overjoyed to return them on this adventure.”