Investment startup Smallcase has secured $14 million ~ Rs ninety nine crore in its Series B investment spherical led with the aid of using DSP Group. Existing backers Sequoia Capital India, Blume Ventures, Beenext and WEH Ventures additionally participated withinside the spherical along side Arkam Ventures, Utpal Sheth and Kunal Shah.

Smallcase could make use of the clean proceeds to preserve improving the smallcases infrastructure stack, upload extra funding products, and companions to the platform and make bigger its generation and product team, stated the business enterprise in a press statement.

DSP Group has infused Rs 32.7 crore collectively, accompanied with Sequoia Capital India Investments pouring in Rs 22.four crore, indicates regulatory filings. Unitary Funds invested Rs 18.nine crore, whilst Blume Ventures and WEH Ventures infused Rs 23.7 crore collectively. Chanakya Value Creation, Nakul Zaveri, QED Innovations, and Tanmay Arun Bhati made a complete funding of Rs 2.five crore withinside the spherical.

The Bengaluru-primarily based business enterprise has made an allotment of fifty five equity, four,961 Series B, and five,266 Series B1 CCPS for Rs 96,305 in step with proportion to elevate the above-referred to quantity.

The Series B spherical for Smallcase has come after a yr and a half. In February 2019, it had picked up $eight million in a Series A spherical led with the aid of using Sequoia India.

The four-yr-vintage startup, based with the aid of using Vasanth Kamath, Anugrah Shrivastava, and Rohan Gupta, shall we retail traders select from some of themed portfolios having shares and exchange-traded funds (EFTs) in a share that creates the best go back on funding.

At present, the platform claims to have witnessed 8X increase withinside the investor base withinside the ultimate years to 1.five million having transacted a complete quantity of over Rs 5000 crore along. Currently, it has nine dealer companions which include AxisDirect, Zerodha, HDFC Securities, 5Paisa, and Edelweiss.