# Smallcase funding: rounds and investors

> Smallcase has raised $58M across 2 rounds since 2019. Investors include BEENEXT, Peak XV and Blume Ventures. Every round with its source.

Source: https://millionrounds.com/company/smallcase (Millionrounds; every figure on the page links to its filing or article)

India · [Series D startup](https://millionrounds.com/companies)

# Who invested in *Smallcase*

2 rounds we have observed, with the 8 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it.

Financial Services Fintech

Funding summary Updated 26 Oct 2026

**$58M** raised across 2 rounds since 2019, from 2 sources

**$8.0M** Series A **$50M** Series D

- **Latest round:** Series D, $50M Mar 2025
- **Step-up i:** 6.3×
- **Investors:** 8

See who backed them

## The funding story

Each circle is a round, placed by date and sized by amount. The line above is the running total.

2019 2020 2021 2022 2023 2024 2025

**$8.0M** Series A

**$50M** Series D

- **First round:** Series A, $8.0M
- **Biggest round:** $50M
- **Between rounds:** 6.1 years

## The rounds

- **Mar 2025** Series D **$50M** *3 new* *1 returning* [Peak XV](https://millionrounds.com/fund/peak-xv) [Blume Ventures](https://millionrounds.com/fund/blume-ventures) [BEENEXT](https://millionrounds.com/fund/beenext) [Rainmatter by Zerodha](https://millionrounds.com/fund/rainmatter-by-zerodha) Source recorded
- **Feb 2019** Series A **$8.0M** *5 new* [BEENEXT](https://millionrounds.com/fund/beenext) [WEH Ventures](https://millionrounds.com/fund/weh-ventures) DSP Adiko Sequoia India/ Blume Straddle Reported by Tech

## Who was in which round

The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led.

**Series A** 2019 **Series D** 2025 [BEENEXT](https://millionrounds.com/fund/beenext) [Peak XV](https://millionrounds.com/fund/peak-xv) [Blume Ventures](https://millionrounds.com/fund/blume-ventures) [Rainmatter by Zerodha](https://millionrounds.com/fund/rainmatter-by-zerodha) [WEH Ventures](https://millionrounds.com/fund/weh-ventures) DSP Adiko Sequoia India/ Blume Straddle

## Everyone who backed them

[BEENEXT](https://millionrounds.com/fund/beenext) VC firm **2** rounds

[Peak XV](https://millionrounds.com/fund/peak-xv) VC firm **1** round

[Blume Ventures](https://millionrounds.com/fund/blume-ventures) VC firm **1** round

[Rainmatter by Zerodha](https://millionrounds.com/fund/rainmatter-by-zerodha) Corporate VC **1** round

[WEH Ventures](https://millionrounds.com/fund/weh-ventures) VC firm **1** round

DSP Adiko no record of our own yet **1** round

Sequoia India/ Blume no record of our own yet **1** round

Straddle no record of our own yet **1** round

Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=smallcase).

## Quick answers about Smallcase

### Who invested in Smallcase?

Smallcase's investors include BEENEXT, Peak XV, Blume Ventures, Rainmatter by Zerodha and WEH Ventures, and 3 more on record.

### How much has Smallcase raised?

Smallcase has raised $58M across 2 rounds since 2019.

### When did Smallcase last raise?

Smallcase's most recent round was a Series D of $50M in Mar 2025.

### What was Smallcase's biggest round?

Its most recent round, $50M in Mar 2025, is also its largest on record.

### Who backed Smallcase first?

Smallcase's first round on record, in Feb 2019, was backed by BEENEXT, WEH Ventures and DSP Adiko and 2 others.

### What stage is Smallcase at?

Smallcase's latest named round is a Series D, in Mar 2025.

### Where is Smallcase based?

Smallcase is based in India.

## Companies like Smallcase

In the same sector, and raised in the last eighteen months.

[**RocketPay** $1.1M · Oct 2026](https://millionrounds.com/company/rocketpay)[**NeoGrowth** $99M · Oct 2026](https://millionrounds.com/company/neogrowth)[**StockGro** $28M · Oct 2026](https://millionrounds.com/company/stockgro)[**Jeeves** $210M · Sept 2026](https://millionrounds.com/company/jeeves)[**Kissht** $97M · Sept 2026](https://millionrounds.com/company/kissht)[**Navi** $100M · Aug 2026](https://millionrounds.com/company/navi)

## Find investors like these

Search every investor by what they have actually funded, then narrow to your stage and market. Free.

Open the investor searchOr these rounds in the app