Smallcase raises $40 mn from Amazon & others
Bengaluru, 20th Aug 2021: Bengaluru-based stock management company Smallcase raises USD 40 million (about Rs 297 crore) in funding, led by Faering Capital as well as new investors Amazon, Smbhav Venture Fund, and Premji Invest.
The Series C round also saw participation from existing investors, including Sequoia Capital India, Blume Ventures, Beenext, DSP Group, Arkam Ventures, WEH Ventures, HDFC Bank Group, and Rare Enterprises CEO Utpal Sheth, a statement said. The round brings the total capital raised by Smallcase to over USD 60 million, it added.
With the close of the transaction, Sameer Shroff - co-founder and Managing Director at Faering Capital will join the board of Smallcase. The fund raised will be used to continue launching better investment products for the retail investor...