Participated · Equity · Sep 2022

Saveo Healthtech is a Bengaluru-based B2B e-commerce platform that helps pharmacies address procurement and supply-chain issues. Founded in 2019 by Amit Kumar, Anurag Savarnya, Shivansh Shrivastava and Vivek Jaiswal, it serves over 12,000 outlets across Karnataka, Telangana and Tamil Nadu. The company recently raised $4.5 million in a fresh funding round that valued it at $50 million. Saveo plans to use the proceeds to expand its geographical footprint by setting up new units and to adopt advanced solutions to build a full-stack tech platform. Existing investors have continued to back the company as it scales its pharmacy-focused procurement offering. Saveo is a B2B managed marketplace that provides Indian pharmacies a single procurement point for all possible medicines. Founded in August 2019 by Amit Kumar, Anurag Savarnya, Shivansh Shrivastava, and Vivek Jaiswal, the company is based in Bengaluru. It operates as a managed marketplace servicing pharmacy procurement needs across India. Saveo plans to use the fresh funding to expand into newer and existing geographies. The company raised $4 million in a seed round co-led by Matrix Partners India and RTP Global, with participation from Incubate Fund, India Quotient, and angel investors. The article did not disclose operating metrics or revenue figures.

Participated · Series B · Nov 2021

Founded in 2018, Euler Motors focuses on electric commercial vehicles for last-mile cargo delivery. The company targets commercial EV segments where uptime, reliability and operating economics are key decision factors. Euler is backed by investors including Hero MotoCorp and Blume Ventures and has raised about Rs 1,900 crore (roughly $229 million) to date. Management, led by founder and CEO Saurav Kumar, says the company is transitioning from early scale-up to a phase of deeper, more consistent growth across products, markets and operations. Euler plans to use recent funding to expand its product line and manufacturing capacity and to scale its network across India to capture market share in the commercial EV segment.

Participated · Equity · Nov 2021

AdvantageClub.ai offers a global AI-powered platform for employee engagement, combining rewards & recognition, flexible benefits, surveys, moments that matter, and communities in a single product. The company leverages AI, data mining, and analytics and is developing AI-driven solutions such as Adva to enhance employee experience. It serves over 5 million users across 100+ countries, supports 1,000+ clients, and provides 10,000+ redemption options. Clients mentioned include BCG, Rakbank, Havelock One, Tabreed, and SGM. AdvantageClub.ai plans to expand its product suite with new tools and features and to strengthen its presence in the US and Asia. The company has raised a total of $11 million to date. Advantage Club provides a single app that combines rewards and recognition, perks, financial wellness, and employee engagement initiatives. Founded in 2016 by Sourabh Deorah and Smiti Deorah and incorporated in Delaware, the company is operational in more than 60 countries. It counts customers including Concentrix, Hexaware, EY and Target and is growing at about 20% month-on-month. The company plans to bolster its international presence and hire talent to expand operations globally, targeting Southeast Asia and the Middle East and North Africa markets. Advantage Club recently announced plans to increase headcount to 170 from 70. CEO Sourabh Deorah and COO Smiti Deorah say the company aims to build global products for HR teams to drive higher retention and productivity. Advantage Club is an HRtech startup that helps corporates improve employee engagement by providing perks and recognition. It provides perks and recognition services to employees and employers to boost engagement. The company raised $1 million in a pre-Series A funding round led by GrowX Ventures, with Sprout Venture Partners also participating. Existing investors Axilor Ventures and Mumbai Angels took part in the new round. Advantage Club previously raised $300,000 in 2018 in a round led by Axilor Ventures. Advantage Club operates a tech platform that provides curated employee perks and a recently launched rewards & recognition offering, with premium brands providing exclusive privileges across essential and luxury segments. The company says its platform effectively increases an employee's spending/saving power by 10% and enables brands to target niche corporate clientele without brand dilution. Its app includes features such as wish lists, a 365-day customer helpline and a usage dashboard, and it offers redemption options beyond gift cards and internal portals. Advantage Club claims 6,000+ brands across 12 categories and 200+ corporate customers, including Samsung, Accenture, Fidelity, Tech Mahindra and others. The founders, Sourabh and Smiti Deorah, are UCLA alumni who previously worked at Amazon and Microsoft. The company plans to enhance its rewards and recognition program, build distinguished features and redemption options, and expand its presence across India including stronger focus on tier-2 cities.