Is there an investment opportunity in PSP Projects shares?
Is this the right time to invest in the shares of PSP Projects, a company that does construction work for the government and corporate India? How much benefit will there be from investing in this stock? What targets are experts giving regarding this stock? Watch this video to know-
Capital market-focused fintech company Smallcase on Wednesday said it has raised $40 million (about Rs 297 crore) in funding, led by Faering Capital as well as new investors Amazon Smbhav Venture Fund and Premji Invest.
The Series C round also saw participation from existing investors, including Sequoia Capital India, Blume Ventures, Beenext, DSP Group, Arkam Ventures, WEH Ventures, HDFC Bank Group and Rare Enterprises CEO Utpal Sheth, a statement said.
The round brings the total capital raised by Smallcase to over $60 million, it added.
With the close of the transaction, Sameer Shroff – co-founder and Managing Director at Faering Capital – will join the board of Smallcase.
The fund raised will be used to continue launching better investment products for the retail investor and to create additional value for Smallcase partners by growing the ecosystem and enhancing the platform and its capabilities, the statement said.
The company has seen its user base doubling to over 3 million and transaction volumes growing 2.5x to Rs 12,500 crore from September 2020.
“The last 2 years have seen remarkable interest from Indian retail investors in the equity markets, and we are inspired to see smallcase become the primary gateway to stocks and ETFs for millions of new investors,” Smallcase founder and CEO Vasanth Kamath said.
The company is focused on expanding its offerings to cement its position as the premier portfolio investing layer across asset classes for the retail investor, he added.