Investment tech startup Smallcase has raised $8 Mn Series A funding led by Sequoia India, with participation from existing investors \u2014 Blume Ventures, Straddle Capital, Beenext Pte Ltd, WEH Ventures and DSP Adiko.\r\n\r\nLaunched in 2016 by Vasanth Kamath, Rohan Gupta and Anugrah Shrivastava, the Bengaluru-based startup provides users with a professionally built basket of stocks called \u2018smallcases\u2019, allowing them to invest in portfolios of broker-partner stocks and exchange-traded funds (ETFs) using their personal existing demat accounts.\r\n\r\nThe startup works with stockbrokers \u2014 HDFC Securities, Zerodha, AxisDirect, Edelweiss and 5Paisa \u2014 who are into stock trading.\r\n\r\n\u201cWe bring together brokers, research analyst as well as advisors to sell this new instrument called smallcases. We give a portfolio exposure to stock traders with a cost lower than others with complete transparency and options to tweak,\u201d Kamath told Inc42.\r\n\r\nThe startup\u00a0claims that more than 2.5 lakh investors have already made transaction worth over INR 2K Cr ($282.6 Mn) using smallcases.\r\n\r\n\r\n\r\n\r\n\r\nCommenting on startup\u2019s plan on utilising the funds, Kamath said, \u201cIn order to widen the reach and get more people investing on smallcases, we are taking the platform to all brokers. Here, we give the brokers a platform where their clients can also invest in smallcases.\u201d\r\n\r\n\u201cAlso, similar to other platforms that sell mutual funds, we are also going provide an infrastructure to enable selling of stocks in ETF via small cases,\u201d he added.\r\n\r\nThe startup charges a flat fee of INR 100 each whenever there is a smallcase transaction happening on the broker\u2019s platform. As of FY 2017, smallcase generated a revenue of around INR 17 Lakh ($24K). In 2018, it scaled a revenue of INR 1.38 Cr ($195K), claimed the founder.\r\n\r\n\u201cSequoia India is excited to partner early with them, working with smallcase as it pioneers a new way to invest in equity markets, and grows rapidly on the back of its partnerships with top brokerages in India,\u201d Smallcase released a statement, citing Sequoia Capital India principal advisors Harshjit Sethi.\r\n\r\nFurther, the 54-member team at Smallcase is planning to tie up with at least 10 brokerages in India, aimed at scaling up its user base to over 10 lakh by FY 2019.\r\n\r\nIts existing investor Blume Ventures managing partner Karthik Reddy said, "By creating simplicity and transparency for direct investors, investment advisors and brokerage houses to offer low-cost equity investing, they've quietly upscaled\u00a0their portfolio in a short span of time. We hope to see them at the forefront of the equity market development."