[Funding alert] Fintech startup smallcase raises $14M in Series B round led by DSP Group
Summary
Bengaluru-based capital markets infrastructure startup smallcase has raised $14 million in Series B financing round led by DSP Group along with existing investors Sequoia Capital India, Blume Ventures, Beenext, and WEH Ventures. The round also saw participation from Arkam Ventures (previously Unitary Helion); Utpal Sheth (CEO at Rare Enterprises, owned by Rakesh Jhunjhunwala); and Kunal Shah (Founder, CRED). Founded in 2015 by IIT Kharagpur alumni - Rohan Gupta (ex-Goldman Sachs), Anugrah Shrivastava (ex-Nomura), and Vasanth Kamath, smallcase works with capital market participants (including brokerages, advisors and digital wealth platforms) to offer simple and transparent investment products called smallcases. Smallcases are model portfolios of stocks and ETFs that are created and managed by registered individuals and entities. "In the next 18 months, we will be growing the smallcase ecosystem with more products, manufacturers, and distribution partners like finance apps and digital wealth platforms,” added Kamath.