Surge Ventures
1300 El Camino Real Suite 100, Menlo Park, CA, 94025, United States
Overview
Surge Ventures is a new SaaS venture studio focused on the financial services and wealth management industries.
- Total investments
- 3
- Lead investments
- 1
- Investments · 12mo
- 0
- Active investors
- 0
Sector focus
- Financial Services
- Wealth Management
Investment portfolio
- Vaaree
Participated · Series A · May 2024
Founded in 2022 by Garima, Varun Vohra and team, Vaaree operates a curated online marketplace offering more than 1.5 lakh home products across décor, furnishings, bed & bath, kitchen and lighting. The company provides an AI-powered product discovery and home styling stack, including its VibeCheck platform that helps users discover products by preference, create moodboards, visualise combinations and shop coordinated looks. Vaaree plans to expand its fulfilment and quality verification centres to bring inventory closer to customers and reduce delivery times, targeting next-day delivery across major Indian cities. The startup has raised a Series A of Rs 65 crore led by Hero Enterprise and Cap Alpha Ventures and counts investors such as Peak XV’s Surge, PeerCapital, All In Capital, Better Capital, OTP Ventures and Kunal Shah. The fresh funding will be allocated to fulfilment expansion, faster deliveries and product discovery/AI investments.
- Pratech Brands
Participated · Seed · Feb 2024
Pratech Brands is a tech-first, digital-first retailer that builds and operates consumer brands in home and health. Its portfolio includes health and wellness brand HyugaLife (operating under Hyuga Health & Wellness Private Limited and Hyuga Ecommerce Ventures Private Limited), Inaari, and Neesan Ventures. HyugaLife has external backers and celebrity supporters, and previously raised $1.0M from Stride Ventures and GetVantage. Following the recent raise, the company’s promoters collectively own just over 52% while external investors hold the remainder. Financially, Pratech’s revenue from operations rose to Rs 4.87 crore in FY23 from Rs 1.71 lakh in FY22, while losses widened to Rs 25.39 crore in FY23 from Rs 99 lakh in FY22. TheKredible estimates the company’s post-money valuation at about Rs 160 crore (a little over $19M); total capital raised to date is around $9.3M.
- SalarySe
Led · Seed · Jan 2024
SalarySe offers a salary-linked, AI-enabled financial wellness platform that allows India’s salaried employees to access Credit-on-UPI, curated payments, rewards, savings and investment options tied directly to their monthly income. The company integrates with leading banks such as HDFC and RBL and collaborates with HR SaaS providers and employers to embed these services seamlessly into payroll workflows. More than 100 multinational, GCC and Indian corporations across IT, healthcare, BFSI and manufacturing already use SalarySe to improve employee retention, engagement and productivity through its financial benefits suite. Post-COVID financial stress among salaried workers has driven rapid adoption of the employer-linked model, which promises transparent, responsible and timely credit access. Looking ahead, SalarySe aims to reach over 1,000 corporates and 20 million employees within three years by expanding distribution, strengthening its technology stack and scaling operations. The company ultimately seeks to empower 100 million salaried Indians to spend, save, invest and plan their finances more effectively, thereby reducing nationwide financial stress.
Team
No current team members are available.