The funding spherical additionally noticed participation from present traders similar to DSP Group, Sequoia Capital India, Blume Ventures and others.
HDFC Bank, India’s largest non-public sector bank has invested an undisclosed amount in smallcase Technologies, and purchased a minority stake, as half of a current Series B fund-elevate of $14 million by the Bengaluru-based fintech startup. Existing traders similar to DSP Group, Sequoia Capital India, Blume Ventures, Beenext and WEH Ventures additionally participated within the spherical. Arkam Ventures and angel backers additionally took half within the spherical.
The startup, based in 2015 by Vasanth Kamath, Rohan Gupta and Anugarh Shrivastava operates within the capital markets infrastructure house and works with companies to assist people put money into easy and clear merchandise known as smallcases.
Created and managed by licensed analysis suppliers and advisors, smallcases are mannequin portfolios of shares and ETFs (Exchange Traded Funds). With rising curiosity and participation in fairness markets, smallcases have seen a pointy enhance in its investor base and quantities transacted over the past six months with its ecosystem strategy. Its platform is built-in with brokers together with Zerodha, HDFC Securities, Kotak Securities, 5Paisa and Axis Direct.
In February 2019, the corporate raised $Eight million in a Sequoia-led Series A funding spherical. Blume Ventures, Straddle Capital, Beenext, WEH Ventures and DSP Adiko had additionally participated in that spherical.
— HDFC Bank News (@HDFCBankNews) December 8, 2020
Happy to announce that HDFC Bank, India’s largest non-public bank & most trusted monetary model is now a @smallcaseHQ shareholder companion. Excited to have them onboard on our mission in direction of constructing easy & clear funding merchandise!https://t.co/doPJhfGpGp@SmitaHDFCBank
— Vasanth Kamath (@vasanthkamath) December 8, 2020
Happy to announce that @smallcaseHQ has raised cash as half of their Series B spherical.
Here’s wishing you better milestones in constructing the longer term of inventory funding.
— Blume Ventures (@BlumeVentures) December 8, 2020
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