Investment tech startup Smallcase has secured US$50 million (INR 428.1 crore) in a series D funding round led by Elev8 Venture Partners.

Other participants included State Street Global Advisors, Niveshaay AIF, Faering Capital, and Arkam Ventures.

The Bengaluru-based company plans to use the funds to diversify its investment product offerings, including mutual funds and fixed income.

Smallcase also aims to enhance partnerships with financial institutions for broader integration. Additionally, it seeks to improve its technology and data analytics capabilities.

Founded in 2016 by Vasanth Kamath, Rohan Gupta, and Anugrah Shrivastava, Smallcase offers users curated baskets of stocks, known as ‘smallcases.’

These enable investments in portfolios of broker-partner stocks and exchange-traded funds (ETFs) through existing accounts.