smallcase raises the capital in Series D Round led by Elev8 Venture Partners
FinTech BizNews Service
Mumbai, 28 March 2025: smallcase, India’s largest model portfolios platform, has raised $50M in its Series D funding round with a mix of primary and secondary led by Elev8 Venture Partners with participation from new and existing investors including State Street Global Advisors, Niveshaay AIF, Faering Capital and Arkam Ventures. The capital raised will be used to expand smallcase’s investment product offerings across asset classes and strengthen its relationships with retail investors and ecosystem partners.
Launched in 2016, smallcase has developed a platform for model portfolios of stocks & ETFs, also called smallcases, for individuals to take a diversified approach towards building their long-term portfolios with full transparency and control. This has enabled retail investors to responsibly allocate to equities with over ₹1.2 lakh crores transacted in smallcases since inception. In 2023, smallcase launched a new asset management company - in a joint venture with Zerodha - to extend its products layer to index funds & ETFs.
“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 & integrity along with our partners. I am delighted to welcome our new shareholders who believe in our mission and are grateful to our existing investors for their trust & conviction”, said Vasanth Kamath, co-founder & CEO, smallcase.
“Innovation has been key to everything we work on at smallcase, and over the last year - we have been able to scale our platform to new use-cases including secured credit. We are excited for our roadmap to expand smallcases to popular assets like mutual funds, fixed income and to introduce new tools for our customers to optimize their wealth and net-worth better”, said Anugrah Shrivastava, co-founder, smallcase.
Investor Quotes
“The smallcase team has built a world-class investment platform that has become a mainstream player in India’s asset and wealth management landscape. smallcase has not only established itself as a trusted brand but also continues to innovate on new formats to further scale its platform. At Elev8, we strongly believe in smallcase’s vision and growth potential and are excited to support them in their journey”, said Navin Honagudi, Managing Director and Founding General Partner, Elev8 Venture Partners.
"smallcase has built a robust and scalable platform serving retail investors with differentiated products with a focus on cost efficiency. We are excited to invest from both our funds, having witnessed the journey firsthand and can vouch for the team's steadfast execution" said Arvind Kothari, Founder, Niveshaay AIF.
“Since our initial investment, smallcase has continued to innovate and grown AUM and revenues over 10X. We are delighted to strengthen our partnership with the smallcase team as they continue to build one of the most trusted investment platforms for retail investors in the country” said Sameer Shroff, co-founder and Managing Director at Faering Capital
“Arkam invested in smallcase in 2020, seeing their potential to bring sophisticated investment products to the masses: affordable, transparent, and built on deep market insight. smallcase has demonstrated incredible scale with clear focus on user experience and product innovation. We’re excited to continue backing them as they shape the future of wealth tech in India" said Rahul Chandra, Managing Director, Arkam Ventures.
Other existing investors include Peak XV Partners (formerly Sequoia Capital India), Blume Ventures, Amazon Smbhav Venture Fund (ASVF), Premji Invest, DSP Group and HDFC Bank.
