In brief: India investment platform bags $8m from Sequoia India, others

• Smallcase, an Indian investment platform, has raised US$8 million in a series A round led by Sequoia India.
• Other investors like Blume Ventures, Straddle Capital, Beenext Pte Ltd, WEH Ventures, and DSP Adiko also participated.
• The investment comes as retail participation in equity investment grows in India, said Harshjit Sethi, principal at Sequoia India.
• Launched in July 2016, the startup said it has 250,000 investors on board and facilitates over 20 billion Indian rupees (US$282 million) in smallcase transactions (low-cost portfolios of stocks based on trends and themes).

Source: Economic Times

Currency converted from Indian rupees. Rate: US$1 = INR 70.72