Smallcase operating revenue jumps 57% to Rs 106 crore in FY25

Smallcase operating revenue jumps 57% to Rs 106 crore in FY25

14 Jul 2025, 04:29 PM

The Bengaluru-based startup, however, remains loss making as it posted net loss of Rs 34 crore during the financial year.

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Wealthtech startup Smallcase, which is backed by investors including Peak XV Partners, Faering Capital and Blume Ventures, has registered an over 57% jump in its revenue from operations to Rs 106 crore in the fiscal ended March 31, 2025, from Rs 67.4 crore in FY24.

The Bengaluru-based startup, however, remains loss making as it posted net loss of Rs 34 crore during the financial year, the Entrackr reported, citing data shared by sources.

While still incurring loss, the company's earnings before interest, taxes, depreciation, and amortization (EBITDA) loss reduced to Rs 9 crore in FY25, it said.

Smallcase, which was founded in 2015 by Vasanth Kamath, Anugrah Shrivastava and Rohan Gupta, has raised multiple funding rounds over the years.

Just earlier in March this year, the startup raised $50 million in its Series D funding round led by growth-stage venture capital firm Elev8 Venture Partners. State Street Global Advisors, Niveshaay AIF, Faering Capital and Arkam Ventures also pooled in capital during this round.

This funding round had come more than three years after it had raised $40 million in its Series C funding led by Faering Capital. Amazon Smbhv Venture Fund and Premji Invest had also invested in that round.

Smallcase, which competes with startups such as INDmoney, Scripbox and Dezerv, has over 10 million investors on its platform, which manages portfolios of stocks or ETFs that tracks specific themes, strategies or objectives.

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