Avendus Capital advises smallcase on its USD 50 million Series D fundraise led by Elev8 Venture Partners with participation from State Street Global Advisors, Niveshaay and existing investors

“smallcase' vision has always been to build simple and transparent products that are relevant for every investor’s portfolio. The opportunity to help millions of Indians design better financial futures is a huge responsibility and we will continue to deliver on it with honesty and integrity along with our partners. I am delighted to welcome our new shareholders who believe in our mission and are grateful to our existing investors for their trust and conviction,

Innovation has been key to everything we work on at smallcase, and over the last year we have been able to scale our platform to new use-cases including secured credit. We are excited for our roadmap to expand smallcases to popular assets like mutual funds, fixed income and to introduce new tools for our customers to optimize their wealth and net-worth better,

The smallcase team has built a world-class investment platform that has become a mainstream player in India’s asset and wealth management landscape. smallcase has not only established itself as a trusted brand but also continues to innovate on new formats to further scale its platform. At Elev8, we strongly believe in smallcase' vision and growth potential and are excited to support them in their journey,

We are excited to partner with smallcase in their category defining journey which has brought in the next wave of disruption in the Indian retail investing landscape. The current round will further reinforce smallcase' leadership as its products become a core part of retail investors’ portfolios. The transaction also highlights India's large and growing wealth landscape and reaffirms our confidence in the tremendous opportunity within the wealth-tech space.