Smallcase

Sequoia India leads $8 Mn Series A round in Smallcase

Smallcase

In November 2018, it was reported that Sequoia is all set to invest $7-8 million in Smallcase, which belongs to one of the hottest segments in Indian Startup ecosystem these days – fintech.

It is now confirmed that Smallcase has picked up $8 million in a Series A round led by Sequoia India. Blume Ventures, Beenext Ventures, Straddle Capital, DSP Adiko and WEH Ventures also participated in the round.

The online equity investment firm lets retail investors choose from a number of themed portfolio having stocks and exchange-traded funds (EFTs) in a proportion that creates the highest return on investment. Unlike other platforms, the stocks here are available in the demat account held by the user, enabling complete ownership and transparency.

Smallcase, as of now, provides tools to research firms for the creation of ‘smallcases’ and building platforms to enable ETF based transactions.

AxisDirect, Zerodha, HDFC Securities, 5Paisa, and Edelweiss are the five brokerages that the startup has partnered with to provide investment services.

There are more partnerships to come, as CEO of the company – Vasanth Kamath – told ET.

Founded by Kamath, Anugrah Shrivastava, and Rohan Gupta, Smallcase boasts of 2.5 lakh retail investors making transactions of over Rs 2,000 crore via the platform since its launch 2.5 years ago.

Apart from Smallcase, Seqouia had also led $25 million Series B round in online insurance marketplace Turtlemint.

Smallcase

Sequoia India leads $8 Mn Series A round in Smallcase

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Below is the bank details:

 
Amount: INR 3,19, 000 (After Adding 18% GST and Deducting 2% TDS)
Bank Name: ICICI Bank
Account Type: Current
Account Name: Bareback Media Private Limited
Account Number: 002105023595
IFSC Code: ICIC0000021
 
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