Participated · Equity · Nov 2015

Satvacart is an online grocery retailer that follows a hybrid model, sourcing from neighbourhood stores in addition to stocking its own inventory. Founded in January 2015 by Rahul Hari and based in Gurgaon, the business is owned by Satvacart Innovative Concepts Pvt Ltd. The company competes with grocery marketplaces such as PepperTap, Grofers, ZopNow and Jugnoo, as well as inventory-led firms like BigBasket and LocalBanya. Satvacart recently closed about $1.8M in its second angel round, with the capital earmarked for technology augmentation and team expansion. Existing investor Palaash Ventures participated alongside a group of unnamed high-net-worth individuals led by three senior executives from the insurance, telecom and investment-banking sectors. The startup had previously raised an undisclosed angel amount in July and is now in discussions with institutional investors for a Series A. Satvacart Retail LLP is a Gurgaon-based grocery e-commerce startup offering about 4,000 curated products across grocery, fruits and vegetables, personal care, household essentials, and baby care. The service provides delivery across five different time slots. The company reports over 80% repeat customers and claims zero return rates on perishable items. Satvacart says it has seen more than 100% month-on-month growth in the past six months. Launched in January 2015, the startup plans to expand into six more cities by the end of the financial year and has groundwork in place for four of those cities. The company will use the new capital to scale operations, acquire more customers, and expand the team. Founder and CEO Rahul Hari has prior experience at Cleartrip and NetApp and holds degrees from IIT BHU and Queen's School of Business.

Participated · Seed · Nov 2014

Tripoto operates a social travel platform launched in 2014 that lets users discover and share complete travel itineraries, photos, maps, reviews and recommendations. The platform hosts content from friends, global travelers and celebrities and enables users to upload visual travel itineraries and share experiences. It also offers community features to meet like-minded travellers and lets users act as local guides to generate leads. In addition to its consumer-facing product, Tripoto provides a B2B CRM platform for travel agents. The company intends to use recent funding to expand its offerings and reach. The business is based in New Delhi, India and was founded by Anirudh Gupta and Michael Lyngdoh. Tripoto operates a web and mobile publishing platform that lets users crowd-source and publish travel itineraries and experiences. The company, founded in September 2013 by Anirudh Gupta and Michael Pargal Lyngdoh and based in Delhi, claims about 250,000 itineraries on its platform and more than 1 million social interactions per month. Tripoto positions itself as the largest curated source of user-generated travel itineraries and competes with marketplace-style travel startups. The company plans to use newly raised funds to improve technology and boost site content by adding videos, automated content-creation tools, social publishing features and enhanced personalization. Prior to this round, Tripoto raised an undisclosed pre-Series A in March from IDG Ventures India and existing investor Outbox Ventures. The product is focused on community publishing and discovery rather than a transactions marketplace. Tripoto operates a travel content and community sharing platform that lets travelers share and discover itineraries, stories, photos, maps and reviews. The site launched in early 2014 and has grown into one of the largest global traveler communities, with close to a million monthly users on web and mobile. Over the three months prior to the article, Tripoto reported 100% growth in web traffic and even higher growth in mobile traffic, and its app has been consistently rated among the top travel apps on Android and iOS. The company plans to focus on rapid mobile growth in 2015, scale up its community, expand globally and augment its technology and creative teams. Tripoto aims to disrupt the travel content and community segment by improving usefulness for travelers and continuing product development. Tripoto operates Tripoto.com, a platform that lets users crowdsource travel itineraries and share trip stories, photos, maps and reviews. Users can post itineraries and choose to share them publicly or privately, with public itineraries accessible to the whole travel community. The company offers an Android app and was planning to launch an iOS app in about a week; raised funds will be used to build a content team and consolidate technology. Tripoto currently generates revenue through ads and sponsored posts and plans to add affiliate channels and hotel stay integrations tied to itineraries. The site is receiving around 300,000 unique visitors per month and more than 650,000 unique page views. The founders aim to scale the travel community globally and make Tripoto a preferred choice for travelers; they plan to raise the next round in 8–12 months.

Participated · Equity · Apr 2014

Silverpush is a Gurugram, India-based advertising technology firm that provides AI-Powered contextual solutions for brands and agencies. Led by CEO Hitesh Chawla and COO Kartik Mehta, the company focuses on targeting relevant audiences while avoiding intrusion into user privacy. Silverpush operates in 10+ countries across South East Asia, the Middle East, Africa, the USA, the UK, and India. The company has worked with clients including Ford, Nestle, Coca-Cola and Samsung. Following the fundraise, Silverpush intends to use the proceeds to triple its headcount, pursue inorganic growth, and strengthen its product roadmap. SilverPush is an artificial intelligence-based marketing technology platform headquartered in Singapore. The company announced it has raised $5 million in a Series B funding round. The round was led by Japan’s FreakOut Holdings Inc., according to a company announcement. SilverPush said it is expanding globally following the raise. The article does not disclose revenue, user metrics, or other financial details. No past rounds, valuation, or additional investors were mentioned in the coverage. SilverEdge Technologies, which operates under the brand SilverPush, offers a mobile ad retargeting platform and an integrated dashboard to retarget and analyze consumers across all screens. The startup has built its own real-time bidding (RTB) platform for mobile, bidding on millions of ad requests a month. It plans to use the new funding to launch PRISM, a product to measure TV advertising reach and impact and to analyze how TV ads are received on social media and versus competitors. PRISM is designed to give advertisers near-real-time insights (video completes, day-part effects, lifts in brand awareness) so they can optimize TV campaigns while they are in flight. Founded in October 2012 and a GSF Accelerator alumnus, the company has raised multiple earlier rounds. The recent funding round improves its runway to develop PRISM and expand its measurement and retargeting capabilities. SilverEdge Technologies, operating under the brand SilverPush, provides advertisers an integrated dashboard to retarget and analyze consumers across all screens. The company has built its own real-time bidding (RTB) platform for mobile, bidding on millions of ad requests a month. SilverPush currently offers mobile retargeting and plans to extend the service to other platforms. The startup was founded in October 2012 and is a GSF Accelerator alumnus. Founders include Hitesh Chawla (CEO), Mudit Seth (CMO) and Alex Modon. The company said it will use new capital to ramp up technology.