Markets

Smallcase Tech raises $8 million

Our Bureau Mumbai | Updated on February 12, 2019 Published on February 12, 2019

Bengaluru-based Smallcase Technologies, which operates platforms for individual investors to invest in portfolios of stocks and ETFs (called smallcases) with their existing demat accounts, on Tuesday, said it has raised $8 million from leading investors.

The Series A round was led by Sequoia India, with participation from existing investors — Blume Ventures, Straddle Capital, Beenext Pte Ltd, WEH Ventures and DSP Adiko, the company said.

“We are building smallcases as a new investment instrument class that helps you take portfolio exposure to stocks and ETFs while having no expense ratio, making them cost-effective. Since the underlying securities are held in the investor’s demat account, they have complete control and transparency into their investments,” Vasanth Kamath, CEO and Co-Founder, Smallcase, said.

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Published on February 12, 2019
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