Smallcase Secures $50 Million in Series D Round Led by Elev8

Smallcase, a model portfolios platform in India, has raised $50 million in a Series D funding round led by Elev8 Venture Partners, with participation from State Street Global Advisors, Niveshaay AIF, Faering Capital, and Arkam Ventures. The capital will be used to expand Smallcase's investment products across various asset classes and to strengthen its relationships with retail investors and ecosystem partners. Since its launch in 2016, Smallcase has processed over ₹1.2 lakh crore in transactions and serves more than 10 million users, offering diversified investment solutions. This funding marks Elev8's third major investment in high-growth startups, reflecting a growing interest in India's wealthtech sector as retail participation in financial markets increases. Smallcase also recently collaborated with Zerodha to launch an asset management company focused on index funds and ETFs. The company aims to enhance its market reach and product offerings to compete effectively in the evolving financial landscape.