Smallcase’s Financials, Revenue, Profit, Valuation & Shareholding Overview (2025)
Legal Name: Smallcase Technologies Private Limited | CIN: U74900KA2015PTC081722
Smallcase, launched in 2015 by Vasanth Kamath, Anugrah Shrivastava, and Rohan Gupta, transformed stock investing with theme-based portfolios. Headquartered in Bangalore, Smallcase offers curated portfolios of stocks and ETFs aligned to ideas like ESG and emerging tech. With over 500,000 users and partnerships with 20 brokerages, the platform democratizes investment strategies. In FY24, Smallcase achieved ₹200 Cr in revenue, a net profit of ₹40 Cr, and 15% EBITDA margins, while expanding its team to 350 employees. Backed by Accel, Sequoia India, and Prosus, Smallcase has raised $144 million to enhance AI-driven portfolio recommendations, launch direct indexing products, and integrate with global broker networks.
| Founding year | 2015 |
|---|---|
| Headquarters | Bangalore, Karnataka, India |
| Valuation | ~$500M (2023) |
| Total Funding | $144M |
| Annual Revenue | ₹200 Cr (FY24) |
| Annual Net Profit | ₹40 Cr (FY24) |
| EBITDA Margin | 15% (FY24) |
| Employees | ~350 (FY24) |
| Round | Date | Amount | Investors |
|---|---|---|---|
| Seed | 2016 | $2M | Accel |
| Series A | 2018 | $12M | Sequoia India |
| Series B | 2020 | $50M | Blume Ventures |
| Series C | 2022 | $80M | Prosus |
- Launch direct indexing and personalized tax-efficient portfolios.
- Partner with global brokers to expand international offerings.
- Integrate robo-advisory and goal-based planning tools.
- Explore blockchain-based asset tokenization by FY27.
- Plan IPO after consistent double-digit EBITDA margins.
In 2025, Smallcase introduced “SMC AI” insights, driving a 20% increase in user portfolio engagement.
| Metric | Details |
|---|---|
| Revenue | ₹120 Cr → ₹160 Cr → ₹200 Cr |
| Profit | ₹15 Cr → ₹25 Cr → ₹40 Cr |
| EBITDA Margin | 10% → 12% → 15% |
| Employees | 250 → 300 → 350 |
| Funding | $2M → $12M → $50M → $80M |
| IPO Status | Private; planning public listing post profitability. |
| Expansion Focus | Direct indexing, global broking, robo-advisory. |
| Latest News | SMC AI launch; +20% engagement |
Smallcase’s strong financial performance, product innovations, and global expansion strategy reinforce its position as India’s premier theme-based investing platform. Continued technology enhancements and profitability will drive its readiness for IPO.
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- Company filings: FY24 financials
- Tracxn & Crunchbase: funding rounds
- Press release: SMC AI launch
- Smallcase website
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