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 leading traders.

Funding
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 Akiko. 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 management & 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.

Minor cases are presently available on 5 of the most important & quickest growing brokerages: HDFC Securities, Zerodha, AxisDirect, Edelweiss & 5Paisa, and more partnerships are within the pipeline. Since the minor cases Platform launched in July 2016, a complete consumer base of two.5 lakh traders has transacted over Rs. Two thousand crores through small claims. “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 to shape the picks of the next 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 use the merchandise. The small case is on a mission to satisfy this need, and we are delighted to return them on this adventure.”

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