Indian fintech CRED is in talks to back the Bengaluru-headquartered startup Smallcase, three sources familiar with the matter said, as the Tiger Global and Alpha Wave Global-backed firm looks to expand its wealth offerings to customers.
CRED’s proposed investment in Smallcase values the startup in the range of $300 million to $400 million, one source said. The size of the investment is unclear and sources requested anonymity as the deliberations are ongoing, at an early stage and private.
CRED declined to comment. A founder of Smallcase did not immediately respond to a request for comment.
Smallcase operates a platform to help a new generation of investors participate in the Indi …
