Smallcase invests $5 Mn in Tickertape

Invest-tech platform Smallcase has announced an investment of $5 million in Tickertape.

Tickertape will use the seed capital from Smallcase to build India’s largest collaborative social platform focused on investments and personal finance.

Formerly a unit of Smallcase, Tickertape was spin-off into a separate entity on Nov 1st. It is a two-and-a-half-year-old company that provides information, analytical tools and transaction capabilities across multiple investment products with a 50-member team. 

The Bengaluru-based platform witnesses traction of 120 million monthly interactions, 3 million monthly active users, 4.5 million app downloads and more than 120K paying members.

Wealth management company Smallcase had recently scooped up $40 million in its Series C round led by Faering Capital with participation from new investors, Amazon and Premji Invest.