Smallcase Technologies builds platforms & investment products to invest better in Indian equities. A smallcase is a basket of stocks/ETFs curated to reflect an idea.

Three IIT Kharagpur alumni Vasanth Kamath, Anugrah Shrivastava, and Rohan Guta, founded smallcase in July 2015 with the goal of utilising technology to introduce a new investor generation to the Indian equities markets. Based in Bangalore, they are a team of specialists with varying backgrounds and abilities in finance, engineering, and design. Their creations are utilised by well-known brands on a daily basis to improve the consumer experience. According to the company's financial statements, platform fees from customers accounted for a sizeable portion of revenue—that is, 39%. This represented a significant 50% increase to Rs 12 crore in FY23. The remainder of the money came from transactions, subscriptions (especially Tickertape Screener), and other add-on services. Examining spending closely reveals that benefits for employees ranked highest among all costs, accounting for 47% of total outlays. This expenditure saw a significant increase, rising from Rs 49 crore in the previous fiscal year, FY22, to a startling 69.4% to hit Rs 83 crore in FY23. It's interesting to note that during the previous fiscal year, FY23, advertising spending stayed constant at Rs 66 crore. Due to the increase in technology costs, legal professional fees, and other overheads, Smallcase's overall spending increased by 34.35% from Rs 131 crore in FY22 to Rs 176 crore in FY23. Due to the company's rising expenses and stagnating revenue, its losses increased 400% from Rs 95 crore in FY22 to Rs 133 crore in FY23. Both the EBITDA margin and the return on capital employed (ROCE) fell to -300% and -76%, respectively. In FY23, the company earned a single rupee by spending Rs 5.69 on a unit basis. Through a number of investment rounds, including a noteworthy $40 million Series C raise in August 2021, Smallcase has raised $70 million in funding. According to information available, PeakXV is the largest external stakeholder in Smallcase with a 17.67% interest, followed by Blume Ventures and Faering Capital. The three co-founders of the business, Vasanth Kamath, Anugrah Shrivastava, and Rohan Guta, together own 19.5% of the business.A 50% rise in platform fees to Rs 12 crore in FY23 provided 39% of Smallcase's revenue; the remaining amounts came from transactions, subscriptions, and ancillary services. Benefits for employees, which made up 47% of total costs, increased by 69.4% to Rs 83 crore. The company had a 400% increase in losses as a result of their overall spending rising by 34.35% to Rs 176 crore.