Elev8 Venture Partners Leads $50 Mn Series D Round in Smallcase
In a significant development in the fintech space, Elev8 Venture Partners, a $200 million growth-stage fund, has led a $50 million Series D funding round in smallcase, India’s leading model portfolios platform. This fresh injection of capital will enable smallcase to expand its operations across various asset classes, including mutual funds and fixed income. With a massive user base of over 10 million investors and ₹1.2 lakh crore in transactions, smallcase is poised to strengthen its product suite and market reach.
smallcase, founded in 2016, has revolutionized the way individual investors approach the stock market. The platform offers a range of model portfolios, each carefully crafted by experienced wealth managers and analysts. These portfolios cater to different risk profiles, investment objectives, and market conditions, making it easy for investors to invest in the markets with confidence.
The Series D funding round, led by Elev8 Venture Partners, also saw participation from existing investors, including Matrix Partners, Sequoia Capital India, and Blume Ventures. This significant investment underscores the faith that leading venture capital firms have in smallcase’s vision and execution.
“We are thrilled to partner with Elev8 Venture Partners, a growth-stage fund with a strong track record of supporting companies in the fintech space,” said Motilal Oswal, Co-Founder and CEO of smallcase. “This funding will enable us to expand our product offerings, strengthen our technology, and reach a broader audience of investors. We are committed to democratizing access to quality investment products and making investing easier and more accessible for all.”
The funding will be utilized to expand smallcase’s operations across various asset classes, including mutual funds and fixed income. The platform is also looking to strengthen its product suite by introducing new features and tools that will help investors make informed investment decisions.
smallcase’s model portfolios have gained immense popularity among individual investors in India, with over 10 million users relying on the platform to invest in the markets. The platform has facilitated transactions worth ₹1.2 lakh crore, making it one of the largest fintech platforms in the country.
The company’s success can be attributed to its innovative approach to investing, which focuses on providing investors with a range of diversified model portfolios that cater to different investment goals and risk profiles. smallcase’s platform is designed to be user-friendly, making it easy for investors to invest in the markets with confidence.
“Elev8 Venture Partners is excited to lead this funding round in smallcase,” said Ritesh Banglani, Partner at Elev8 Venture Partners. “We believe that smallcase has the potential to become a leading player in the fintech space, and we are committed to supporting the company’s growth ambitions. The platform’s focus on innovation, customer-centricity, and scalability makes it an attractive investment opportunity for us.”
The funding round is a significant milestone in smallcase’s journey, and it marks a major achievement for the fintech startup. With this investment, smallcase is poised to further strengthen its position in the market and expand its operations across various asset classes.
As the fintech space continues to evolve, smallcase is well-positioned to capitalize on the growing demand for innovative investment products and services. With its focus on customer experience, product innovation, and scalability, smallcase is set to become a major player in the Indian fintech landscape.
Source: https://startuptalky.com/news/elev8-venture-partners-leads-50m-funding-smallcase/
