Rezolve.ai (Actionable Science), one of our portfolio SaaS firms, announced a $0.5M fundraise yesterday.
We backed Saurabh, Manish & Udaya, stalwarts in the enterprise technology space, over 2.5 years ago at Globevestor when global SaaS out of India wasn’t a big theme. This team had that solid mix of domain expertise, sales experience & tech chops for us to instantly get excited about the problem they were attacking.
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!
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!
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.
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.
Our portfolio company, Zoomcar, announced today that it has raised a $30M round led by Sony.
Zoomcar has a special place in my heart as it was my first angel investment and the first deal we did on Globevestor. We invested first in their seed round when they were just present in Bangalore. And today they’re present in nearly 50 cities in India!
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.
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.
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?
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.