Author: VG Admin



Venture Garage advises Designx on $200K Seed Round Funding from Modulor Capital New Delhi – March 17, 2020 – Venture Garage, an advisory firm for early stage startups, served as financial advisors to DesignX for its fund raise of $200K from Modulor Capital. “DesignX has […]

FYIChandigarh 2020

FYIChandigarh 2020

Venture Garage conducts 5th and final Leg of “Find Your Investor” Program in Chandigarh, supported by Kotak Mahindra Bank #dreamsinvited      #weloveentrepreneurs Chandigarh, 20th February, 2020: The final edition of Find Your Investor (FYI) programme 2019-20, supported by Kotak Mahindra Bank (Kotak) was conducted by Venture Garage […]



Venture Garage conducts 4th Leg of “Find Your Investor” Programme in Mumbai, supported by Kotak Mahindra Bank

#dreamsinvited    #weloveentrepreneurs

Pune, 23th January, 2020: Keeping in the spirit of bringing investors and startups together in an environment of fostering free-flow interactions, we reached Pune, a town not really known for its startups vibrancy though it has sprouted startups like First cry, Agrostar, Loantap and Rebel foods. The FYI bandwagon was all gung-ho riding on the back of rocking sessions in Mumbai, Hyderabad and Bengaluru were close to 60 investors and 450 startups interacted. Though we really judge our success by the applications received and turnouts, we see a few start-ups already close to negotiating term-sheets, so our best wishes to all of them.

The Pune edition of Find Your Investor (FYI) programme, conducted by Venture Garage, supported by Kotak Mahindra Bank (Kotak) was conducted at MCCIA Pune. Over 170 applications were received, and more than 150 startups and 15 investors attended the event. This edition not only attracted start-ups from Pune, but also from cities such as Mumbai, Nagpur, Ahmedabad as it hosted a new mix of 15 odd investors to include Windrose Capital, Rainforest Venture Network, Crucible network, Oceans Bridge, Better INC, Alacrity India, Indian Angel Network, Sprout Venture Partner, India Quotient, White Unicorn and a slew of active angel investors from Pune and Mumbai.

Fifteen startups were shortlisted for the one-on-one pitching sessions with investors which went on for 3 hours, over 1.5 hours beyond the budgeted time clearly reminiscent of the level of engagement this created both for startups as well as investors. Some of the ideas presented included:

1.A technology-driven lead generation payment platform that allows its partnered retail merchants to offer their end‑customers the ability to buy small/mid-sized ticket goods and services on their web sites/in-store on a ‘buy now, pay later’ basis without the end‑customer paying any interest or entering into traditional loan/credit card.

2.A network of digital screens available to all advertisers (big and small) to rent & display their message simply and conveniently.

3.A unique footwear which grows organically with the child’s feet, providing a comfortable fit and thus reduces the overall number of shoes bought between ages 1 to 8. It also keeps in mind various other factors with child’s growth and foot care.

4. An IIT-IBS team working towards solving the broken supply chain using data science to prevent price fluctuations in the FnV sector. With ML and past 24 months inflation data, they have been able to predict price fluctuations for the next 60 days This enables them to provide fixed prices to the end customer and still make profits.

5.A platform providing health Loans to patients who are uninsured or under insured at 0% interest, and is currently present in 6 Major cities, Pune/Nagpur/Mumbai/Bangalore/Hyd/Chennai.

6. A data driven health-tech platform that empowers various healthcare providers with technology, a seamless integration and a referral-based incentive system to improve overall consumer experience and the quality of healthcare.

Kotak conducted a session on banking for start-ups, which covered aspects such as a start-up focused current account, credit facilities, and making the road just a little bit easier with a customized suite of banking solutions for start-ups. Enthusiastic participation from the audience included queries around start-up current accounts and non-collateral loans.

“Venture Garage’s Find Your Investor programme is proving to be one of the key fund-raising platforms for start-ups with strong participation from both investors and start-ups. We are delighted to play our part in supporting the dreams of entrepreneurs. The Kotak Start-up Current Account is customized to meet the unique requirements of start-ups and help entrepreneurs scale their businesses and manage their day-to-day business needs efficiently.”

Puneet Kapoor, Senior Executive Vice President, Kotak Mahindra Bank

The Kotak Start-up Current Account comes with a host of features such as no balance commitment for the first 12 months, customized payment and collection solutions to suit each start-up’s business model, corporate salary accounts for employees, special forex pricing, cost-effective payment solutions and trade forex solutions.

The fireside chat saw Vivek Kumar from Venture Garage interact with Mr. Amitava Saha, an IIT-IIM alumni and co-founder of First Cry and Xpressbees. An entrepreneur par excellence he is one of the enviable few who has been able to raise money from Softbank to the tune of 400 mil USD en-route to building a Unicorn. Really humble, he was insightful in addressing how start-up founders should think and plan while building that illusive unicorn.

(L to R)
Vaibhav Domkundwar (Better Inc), Rohit Goyal (Windrose Capital), Avinash Kalia (Crucible Fund), Saurabh Lahoti(Alacrity India), Anirudh Kumar(Rainforest Venture Network)

A panel consisting of Rohit Goyal from Windrose Capital, Anirudh Kumar from Rain Forest Ventures, Avinash Kalia from Crucible Fund, Saurabh Lahoti from Alacrity Capital, and Moderated by Vaibhav Domkundwar from Better INC, addressed issues around

>> How do you select your sectors? What is the sector mix in your portfolio? What drives that selection of certain sectors?

>>Are your sectors fixed or do they change? And if they change, why do they change?

>> Why is rapid scaling up of the startup so important for a fund from an investment decision perspective?

>> While choosing a company for investment, pls rank them in your order of importance – Business Model /Team/ Traction / 4th item from your side – and why?

>>On popular demand: A lot of entrepreneurs/ founders feel that Investors prefer startups where founders are from IIT/ IIIT/ or IIM/ ISB for funding. What are your thoughts on that?

Avinash Kalia of Crucible Fund commented, “I realised during the panel discussion that one of the common suggestions from the investors to the founders was that just like a product market fit, they could also look at product investor fit. I mean they should ideally pitch to funds that are focused on that specific area. That’ll not only improve the chances of funding but once funded the start-up would be in the appropriate sectoral portfolio.”

“Considering the Total Addressable Market for a startup, the top-down approach to assess its potential scale is an inaccurate mechanism. India is a big country with a very large population and even if 1% of the population which is relevant to the product makes the market looks like a billion dollars. But by that approach every startup should become a unicorn. The bottom-up approach is more appropriate as cost of acquisition per customer, order size, repeat order rates can give a better and reasonable picture of the addressable market for a startup”

– Rohit Goyal Managing Partner at Windrose Capital

FYI has become the go-to platform for new-age entrepreneurs to interact one-on-one with investors, enabling them to meet the right investor(s) and equipping themselves with tools to build large, scalable businesses.

FYI FY2019-20 is being organised in five cities – Hyderabad, Bengaluru, Mumbai, Pune and Chandigarh. For more details on FYI FY2019-20 and to register, visit

About Venture Garage

Venture Garage handholds startups to help them raise capital from its network of 700+ Angel Investors, Venture Capitalists, Strategic Investors and Family Funds. Venture Garage specializes in early-stage investments across Seed to Series B stages starting from $100K to $5mil. Established in 2015 and with offices present in Mumbai, Bengaluru and NCR, Venture Garage also manages a network of 30,000+ entrepreneurs.

For more information, please visit the company’s website at

About Kotak Mahindra Bank Limited

Established in 1985, Kotak Mahindra Group is one of India’s leading financial services conglomerates. In February 2003, Kotak Mahindra Finance Ltd. (KMFL), the Group’s flagship company, received banking license from the Reserve Bank of India (RBI), becoming the first non-banking finance company in India to convert into a bank – Kotak Mahindra Bank Ltd.

The Bank has four Strategic Business Units – Consumer Banking, Corporate Banking, Commercial Banking and Treasury, which cater to retail and corporate customers across urban and rural India. The premise of Kotak Mahindra Group’s business model is concentrated India, diversified financial services. The bold vision that underscores the Group’s growth is an inclusive one, with a host of products and services designed to address the needs of the unbanked and insufficiently banked. As on 30th September, 2019, Kotak Mahindra Bank Ltd has a national footprint of 1,512 branches and 2,429 ATMs, and branches in GIFT City and DIFC (Dubai).

For more information, please visit the company’s website at  



Venture Garage Conducts 3rd Leg of “Find Your Investor” Programme in Mumbai, Supported by Kotak Mahindra Bank Venture Garage conducted the third leg of the FY2019-20 edition of the Find Your Investor (FYI) programme in Mumbai, in association with Kotak Mahindra Bank (Kotak) at The Rise, Lower Parel.  […]



Our cross-border business experience makes us amongst a very limited set of companies in India who have deep cross border supply chain understanding and expertise. Pesopie is a micro-influencer driven, video commerce platform, targeting the Gen-Z & Millennials (16-28 year olds) who will have spent […]



Image result for exxar

EXXAR is an enterprise SAAS product that addresses the problem of collaborative business communication using VR/AR.

EXXAR CAD product focuses on the Engineering market by transforming CAD applications into VR, without any software development or data processing. 

EXXAR offers digital tools for design review & validation, integrates with all leading 3D CAD software and various add-on modules.

They have been voted as No. 1 VR Company in the APAC Region.


Our key promise and our key competitive advantage are that Exxar reduces the adoption cycle of VR by 90%.

The challenges of the engineering market include long design cycles & design iterations during production. Both lead to huge loss of time & money. To validate a design, the industry relies on creating physical prototypes and uses business travel to ensure everyone is on the same page.
Legacy software development cycles for re-architecting for VR could take between 1-2 years whereas the EXXAR cycle takes between 1-2 months.

Exxar enables CAD software to directly connect to VR without any loss of data. Further, no other software in this segment provides a SAAS based license model at such price/performance. Its low cost of development and the experienced and committed team gives them a huge edge over any competition.


Founder & CEO: 20+ years of experience in VR, 3D Visualisation & Graphics industry.
Worked at Silicon Graphics before establishing VizExperts in 2005
Education- Indian Institute of Technology (BHU), Indian Institute of Foreign Trade, MS Computer science from The Ohio State University.

Vice President Engineering: 10+ years of experience in VR/AR, 3D Graphics, CAD & Gaming Technologies.
Education- IIT Kanpur and Dassault Systems.

CMO: 6+ years with VizExperts in VR & Visualization Marketing & Strategy

Product Owner: 22+ years in CAD software development & marketing. Siemens, Mphasis.

Head, Presales: 11+ years in Technical Marketing & System Integration. 5+ Years with VizExperts. HCL, Godrej.




Netpaisa is a Mobile Wallet solution Technology Platform for Digital Payment in B2B segment. It facilitates last-mile digital payment capability through its offline/online distribution channel. Its powerful and easy to use software helps in seamless payments, recharge, money transfer & banking services. Product / Service […]



EduGorilla provides Vernacular Online Mock Tests with an emphasis on State Level Exams. These tests are available in a subscription model with a price range between Rs 99 and Rs 699 and are prepared within 4 days of a new exam notification USP EduGorilla has […]



DesignX makes Operations Smart, Effortlessly. Industry 4.0 is all about the ‘smart factory’; autonomous decision making of cyber-physical systems using machine learning and data analysis and Inter-operability through IOT and cloud technology. All industry processes create 2 types of data and Designx offers tools at both these ends as one stop solutions.
 Manually Captured Data: Audit, Inspection, Record Keeping etc.
 Machine Generated Data: Production, Rejection, Temp, Pressure etc.


Techfiles is a 1 Stop solution for all paper-based audits & inspection and addresses key problems with the current inspection process:
>> Loss of observations, collected data, time and space, and the impact on the environment that lead to Accidents, defects, product call-backs and product loss.

Techfiles is a SASS tool offered in annual small, medium, & large enterprises plans offering:
>> 100% on-time compliance, ‘0’ defects, Live actionable reports, Take action in real time, IOT compatibility and is Eco-friendly.

For machine-generated data we offer Hectos, the World’s most efficient IOT device and address key problems such as
>> Local Server & PLC Software, need for an Electrical Programmer, Non user-friendly Reports, device is OEM dependent, that lead to too many variables, limited scope and makes it prohibitively expensive Hectos is plug-and-play IOT device + software (both web and mobile platform), offered as annual plans, that bypass’s the need for electrical programmers and OEM participation making it
 90% cheaper than the existing solution
 Capable of processing all data types
 Operates at local to cloud level
 Offers Live monitoring of machines and real time-data


>> Btech in Mechanical Engineering, 7+ Years of experience in BAJAJ Auto, Handled quality of 43 vendors, Microsoft Azure & AWS severer expert.

>> Btech in Mechanical Engineering delivered more than 250 automation projects. Expertise in Python, PLC Programming & Machine System Configuration

lead developer:
>> Bech in Computer Science, 6+ Years Experience in PHP & Web development. Have led her team in 50+ web development projects.

Lead developer mobile platforms:
>> Btech in computer science, 8+ Year of Experience in Mobile App development, Have led 30+ international projects.




Vdezi provides end-to-end solutions to businesses to sell globally across 80+ countries by bringing together 18+ marketplaces ( Amazon, eBay, Lazada, Wish , Bonanza, etc.), Cloud retail POS, 10 Logistics partners, Payments, Warehousing etc. on a single platform. Cross-border eCommerce is often very lucrative and […]