Fintech company smallcase said on Monday that it has raised $14 million as a part of its Series B Funding Round led by the DSP Group and through other existing investors Sequoia Capital India, Blume Ventures, Beenext and WEH Ventures. The round also saw participation from Arkam Ventures (previously Unitary Helion), Utpal Sheth, CEO of Rare Enterprises which is owned by the investor Rakesh Jhunjhunwala and the Founder of CRED, Kunal Shah.

The fund raised by the capital markets infrastructure startup in its Series B Funding Round will be used to enhance the platform’s infrastructure stack and to add more investment products and partners in its portfolio as well as in expanding the company’s technology and product teams.

The company works with capital market participants (including brokerages, advisors and digital wealth platforms) for offering simple and transparent investment products that are called ‘smallcases’. It is the model portfolios of stocks and Exchange-Traded Funds (ETFs) which are created and managed by the registered individuals and entities.

“Our mission is to develop simple & transparent investment products for the Indian retail investor and in the last few years, we have built a very unique brand and have some of India’s most respected financial institutions as strategic partners to further this goal,” said Founder and CEO of smallcase, Vasanth Kamath.