New Delhi, March 28 -- Wealthtech platform smallcase has raised $50 million in a Series-D funding round led by Elev8 Venture Partners.

Mint first reported in December last year that the company was in talks to raise the money through a combination of primary and secondary transactions.

At the time, the company's valuation with the new fundraising was expected to be around $300-350 million. The company declined to comment on its current valuation in response to queries sent by Mint.

The company says the fundraise has two objectives.

First, "Help our existing customer base allocate a larger part of their portfolios to smallcase," according to co-founder and chief executive Vasanth Kamath. The company wants to extend its product's form f...