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News: Springboard raises $31M Series B
News: Springboard raises $31M Series B
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Springboard, one of our portfolio startups, today announced their $31M Series B funding led by Telstra. With this, Springboard has raised over $50 million till date.

Started in 2013 by our long-time friends, Parul Gupta and Gautam Tambay, Springboard is building a new-age university with a focus on upskilling professionals. It matches each student 1:1 with a personalized mentor, alongside a core curriculum and project work. They’ve witnessed 330% student enrollment growth from June 2019 to June 2020. It’s a rocket ship!

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News: Flintobox raises $7.2M pre-Series B round
News: Flintobox raises $7.2M pre-Series B round
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Flintobox, another portfolio firm of ours, today announced the closure of its $7.2M (INR 50 Cr) pre-Series B round led by Lightbox.

We first backed Flintobox by leading their pre-seed round when they were fresh out of the GSF accelerator. As users of their products, we had high conviction that this team would create a large company in the early learning space. Since then, we’ve led or participated in three of their funding rounds, while they’ve grown their top line 100x!

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News: Globevestor leads Forbidden Foods’ $1M seed round
News: Globevestor leads Forbidden Foods’ $1M seed round
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We’ve announced today about our investment in Forbidden Foods, which owns the BRB brand of popped chips. We led the $1M round which was joined by Secocha Ventures, First Cheque and prominent angels.

The founders, Anuj and Abhishek, are long-time friends and form an incredible team. Anuj previously was a founding team member of Bira and led their operations & distribution. Abhishek is a long timer at Schlumberger, and brings immense operational expertise.

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News: Agnikul raises pre-Series A round led by Pi Ventures
News: Agnikul raises pre-Series A round led by Pi Ventures
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We recently invested in the pre-Series A round of Agnikul, an India-based small rockets company. The round was led by Pi Ventures and participated in by Speciale Invest, Artha Venture Fund and others, alongside us.

Agnikul is one of those moonshot, big vision startups. They’re building small rockets to launch nano-satellites to low earth orbits in space. Srinath and Moin, the founders, are innovating by making innovations in design to be able to make a single-piece 3D printed engine.

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Interview in Hinglish (Part 2 of 2)
Interview in Hinglish (Part 2 of 2)
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Thanks everyone for the positive feedback on the Hinglish video on investor perspectives from earlier this week. Part 2 of the video is also out now.

In this we talk about startup events, angel investing, mentoring, exits, women entrepreneurship & other stuff. Hopefully, there are some takeaways for founders & angels.

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Interview in Hinglish (Part 1 of 2)
Interview in Hinglish (Part 1 of 2)
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It was recently highlighted to me that seemingly all startup conferences/events in India happened in English. And that the content produced about startup ecosystem was also overwhelmingly in English & sometimes jargon-laden, which a few founders couldn’t comfortably grasp.

Honestly, I never thought that English as a medium would also become a barrier for founders, but it seems that as startups move to capture ‘Bharat’ and founders/angels come up all across India, we need more vernacular content on startup ecosystem. So as a first for me, here’s a small interview in Hinglish on some perspectives as an investor (Part 1 of 2). Hopefully, this is of help to some people out there.

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News: Wealthy bags $1.3M from Good Capital & Emphasis Ventures
News: Wealthy bags $1.3M from Good Capital & Emphasis Ventures
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Recently, Globevestor’s portfolio company, Wealthy, secured another funding round from Good Capital and EMVC, among others. Wealthy is aiming to disrupt the mid-market wealth management segment in India.

Traditionally, true-blue private wealth management services in India have been limited to the wealthy. However, millions of upwardly mobile clients are under-served. Wealthy aims to change that by building a network of wealth managers and empowering them through technology, in turn increasing the penetration of wealth management services in India.

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News: Digi-Prex raises $5.5M seed from Khosla Ventures, SV Angel & others
News: Digi-Prex raises $5.5M seed from Khosla Ventures, SV Angel & others
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We recently participated in the seed round of Digi-Prex, as it graduated from Y Combinator’s most recent batch. The company raised it from a group of highly-influential investors that include YC, Khosla, SV Angel and the likes.

Digi-Prex runs an eponymous online subscription pharmacy in Hyderabad and serves patients with chronic diseases. Patients share their prescription with Digi-Prex through WhatsApp and the startup’s workers then deliver the medication to them on a recurring cycle. Digi-Prex also helps patients better track when they need a new supply of medicine, and checks if they are seeing improvements. The startup has amassed thousands of customers in Hyderabad.

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Challenges for women entrepreneurs & Rebalance
Challenges for women entrepreneurs & Rebalance
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There may not be consensus on this, but my experience is that women founders carry a relatively higher burden (esp. emotionally) & have a tougher journey compared to men. Every investor (incl. me) feels that we aren’t biased against them, yet it seems there are lesser women founders compared to the ratio in broader workforce. At most startup events, you see a smaller percentage of women than in a large firm’s cafeteria. Structurally, there’s little additional support available to them given their unique challenges.

That’s why I really liked Aishwarya & Vikas’ mission at Rebalance. It’s a new accelerator aiming to improve diversity in tech in India, esp. supporting women founders by providing them network & mentoring. Their first cohort just graduated. And it’s a job well done with women founders tackling problems across the spectrum.

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