Satvacart raises undisclosed seed funding from Palaash Ventures
Grocery delivery startup Satvacart has raised an undisclosed amount of seed funding from Palaash Ventures and a group of angel investors, reports ET. Satvacart will use the funding to expand to 6 cities by the end of the fiscal year, scale up operations, customer acquisition and build its tech team. It has also brought on board Arvind Gupta, head of the Digital India Foundation; Vijay Shukla, MD of Setu Ventures, and Pushpinder Singh, founder of TravelKhana.
Satvacart was founded by Rahul Hari in November 2014 and currently operates only in Gurgaon. It claims to have over 4,000 products across groceries, fruits, vegetables, personal care, baby care and household materials. The company claims that it offers delivery uptil midnight, has no minimum order value and sees over 80% repeat purchases. It claims to have seen over 100% month on month growth over the last 6 months.
Ameyo raises $5 million from Forum Synergies and others
Gurgaon based Ameyo, which makes customer support and sales centre software, has raised Series A funding worth $5 million from Forum Synergies and other investors, reports TechCrunch. The company will use the funds to expand into the US, invest in its platform and creating service vendor relations. It will also use the funds for expansion of its new products TexoCC and Texo SEH.
Forum Synergies has made the investment through India Knowledge-Manufacturing Fund I and Samir Inamdar, co-founder MD and CEO of Forum Synergies, will join Drishti’s (Ameyo’s parent company) board. Drishti was founded by Bishal Kumar, Nayan Jain and Sachin Bhatia in 2003 and claims to have around 300 employees. Ameyo has a presence in Asia, the Middle East and Africa.
Ameyo claims to have over 1,600 customers in 40 countries and clients in Subway, UrbanClap, Grofers, PepperTap, Flipkart, Ola, TinyOwl, Jabong and Chase Bank among others. It also claims to manage over 1 billion customer interactions daily. It also integrates with major CRMs like Salesforce, Zendesk and SugarCRM. It lets all departments in a company use its platform to see all the CRM integrated data and business apps, instead of just the IT department.