News: Springboard raises $31M Series B
News: Springboard raises $31M Series B
Tags: , , ,

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!

Read More
News: Flintobox raises $7.2M pre-Series B round
News: Flintobox raises $7.2M pre-Series B round
Tags: , , ,

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!

Read More
News: Globevestor leads Forbidden Foods’ $1M seed round
News: Globevestor leads Forbidden Foods’ $1M seed round
Tags: , , ,

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.

Read More
News: Agnikul raises pre-Series A round led by Pi Ventures
News: Agnikul raises pre-Series A round led by Pi Ventures
Tags: , , ,

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.

Read More
News: Doxper raises $4M as part of Series A led by Alkemi Venture Partners
News: Doxper raises $4M as part of Series A led by Alkemi Venture Partners
Tags: , ,

Today, a Globevestor portfolio company, Doxper, has announced its Series A round. Doxper aims to be one of the largest healthcare informatics company in India & SE Asia, and helps hospitals & doctors digitize prescriptions.

There’s no question that the current practice of writing prescriptions by hand on a paper, followed by doctors in India, is archaic and will be replaced in the future with more tech solutions. This practice is also the reason why digitizing prescriptions has been such a tough problem to solve till now. However, it also makes for a classic case study in change management. How do you make an industry move to a new-age solution, when the current habits are well-entrenched and honestly, are more efficient for the practitioners?

Read More
News: IAN Fund leads a Rs 19 crore round in Chakr Innovation
News: IAN Fund leads a Rs 19 crore round in Chakr Innovation
Tags: , ,

This morning, woke up to the announcement by one of Globevestor portfolio companies, Chakr Innovation, about its Series A fundraise. Chakr is on a mission to reduce air pollution, an evil of our times and an increasingly alarming problem in India.

Living in Delhi NCR since 2004, both me and my wife develop small respiratory issues for 3-4 months in winter, when the air quality drops significantly in the metropolis. With two little children, we only wonder what the air could do to their lungs. It’s a problem that has literally hit home.

Read More
Beta Launch
Tags: , ,

In startup parlance, I’m doing a beta launch for this personal blog. It doesn’t quite feel ready for primetime, but as is said that if it doesn’t feel broken then you’ve waited too long to launch. So here goes. To begin with, have ported here two posts on startups that I wrote a few months ago, as they are quite relevant.

At Globevestor, we’ve been actively investing in India for about two years now, and it’s been a great ride so far. 

Read More