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We are building India’s first wellness “functional foods” brand. Our first product is a premium multifunctional nutrient drink which is more than just water, has 70+ essential minerals, 8+ph and 100% natural with health benefits.. Evocus: the black water with natural minerals, is positioned as …
We have re-introduced the world to the world’s oldest alcohol, mead (Mead is an alcoholic beverage created by fermenting honey with water) but by packaging it in a younger avatar (330ml), carbonation and bold Indian flavours. Since we are the first licensee in the continent, …
CREBACO is a research, rating and intelligence company focused on emerging technologies mainly blockchain and cryptocurrencies.
The company aims at building smart, reliable and validated data using a systematic approach. The data is then used to provide bespoke research, analytics and financial solutions which helps in making better decisions for BUSINESSES (Institutional investors, digital asset exchanges, IEO, STO and ICO projects) GOVERNMENTS, and INDIVIDUAL INVESTORS.
PROBLEM & OPPORTUNITY:
The crypto industry unprecedented, unregulated, and very few know how it works. There have been many scams and the governments and investors do not have set parameters.Blockchain and Crypto assets are getting mainstream recognition fast. Many major institutional investors are setting up funds for this emerging asset class.
1. Governments and regulators need help in building frameworks, regulations, and tax structures, they do not have data and private sector assistance to get things going. CREBACO solves the gap.
2. Well over a Trillion Dollar industry; WEF says 10% of world GDP will be stored and transacted using blockchain by 2025-27.
TEAM:
Founder: is a double masters in banking, finance, and international business, holds advanced diploma in foreign trade and is also a Certified Bitcoin Professional. 5 years+ in the blockchain and crypto industry. Partner Block Next Solutions. Mumbai Univ. London School of Economics, Royal Docks Business School UK, Crypto Currency Consortium of Canada.
write to vk@venturegarage.in to invest in this startup
We are a social quizzing platform for corporates, schools and brands for engagement and learning. Our proprietary technology and growing content (30,000+ unique quizzes, 4,000+ added every month) create a business model for corporates customers to use the platform for engaging and upskilling employees. Our …
Strutt is the purveyor of the finest quality travel bags and accessories under one brand thus becoming the first-ever one-stop solution, defining a complete travel story. Our designs define the spirit of ‘convenient and carefree’ travel.
The future is to build STRUTT as the first ‘One Stop Shop’ for all packing needs and travel gear for the millennial traveller.
–> We believe vintage can be modern, classic can be edgy, minimal can still pop a color and eco-friendly is fashionable.
–> Innovative designs for the millennial: It is all about the right compartmentalization.
–> Affordable price with uncompromising quality
OPPORTUNITY:
In the 21,000 Cr domestic luggage market, the modern traveller struggles across unorganized channels/ platforms for his packing needs. There are only 3 legacy brand options that have an extremely limited range, are expensive and bulky, and have not been able to break away from their legacy designs for the last 30 years: hence the same audience resorts to the available unbranded cheaper options.
TEAM:
Co- Founder: ISB batch of 2008. Sold first startup after 8 years for $2m; lifetime royalties. Extensive experience in operations and retail. Co-founder Entract consulting. Founder Shrubs. Co-Founder shop to surprise. Partner at Carbon Media.
Co- Founder: 16+ years. Serial entrepreneur since 2006. Generated $4m rev within 3 months for clients. Expertise in online and offline marketing branding and customer acquisition. Founder Darpan Communications. Co-Founder shop to surprise. Director at Carbon Media. Sales Partner at Benchmark.
The executive team has a background of individuals from FDDI and procurement backgrounds, together with over 30 years of experience in retail and B2B.
write to vk@venturegarage.in to invest in this startup
A Netflix for careers, we bring career hacks and wisdom from top professionals (‘Experts’) to students, graduates, and upcoming professionals (‘Aspirants’). We bridge this gap using our disruptive Videobots assisted platform, and by facilitating 1-1 consultation. While Aspirants get the guidance, they need to climb …
Venture Garage Portfolio Company Intents Mobi, a Geospatial Intelligence company raises $600K. 3 Early-stage VCs and VG angels participated
Gurgaon based geospatial intelligence startup has raised 600K USD in its seed round from a group of VC firms led by Auxano Entrepreneur Trust. The round also saw participation from other VC firms such as Globevestor, Artha99 Investment, Modulor Capital, DevX and VGangels, the angel network at Venture Garage. Venture Garage was the financial advisor for this transaction. The company plans to use the funds to increase the collection of GIS information for the country and to further develop its products.
“At Intents Mobi, we are working on solving the issues with GIS data that impacts all industries connected to mobility. Our hardware independent technology ensures that we are able to map the entire country without investing a lot on capex. India is a unique country with one of the highest densities of roads in the world and addresses that are inconsistent. Therefore, our focus is on gathering situational awareness information about the two most critical elements of routing, that is, the destination and the route’”,
Said, Tabrez Alam, founder of Intents Mobi
‘More than 10,000 people died due to accidents caused by potholes’ was a headline that initiated the idea behind Intents Mobi. The company started to develop a mobile application based technology to map the potholes and speed breakers on roads. They claim to identify 15,000 new potholes on roads each day. The information is used by Intents Go navigation app, to alert users about road conditions as they drive. “With Intents Go, we are trying our bit to save lives on roads”, Tabrez added.
As a human, we process a lot of information before deciding on a route to be taken from one place to another. Information such as road conditions, vehicle type, safety and amenities on the way are some of the factors that we use to decide routes. However, traditional navigation lacks this situational awareness information. This gets further complicated due to unverified addresses being present on maps as well as locations that are not accurate. The company believes that the challenges in routing can be addressed only if we look at the data itself at the grassroots level.
“Globally, 53% of the total logistics costs are attributable to the last mile logistics. These numbers get more skewed when we compare between rural and urban areas. In a country like India, where addresses are very unstructured, every single minute lost compounds to a huge figure in terms of losses. This is further aggravated by the fact that in India, we have a very wide variety of roads. As a result of which, a logistics firm cannot rely on any maps to route their trucks on an intercity route. We need to look at the data itself, to be able to solve these issues and that is what our focus is”
said, Naresh, CTO of Intents Mobi
“We currently generate insights for almost 1.5 crore kilometers of roads per day and process 0.5 million geocodes. With the new funds we want to increase this by 5X and cover the 50 most populous cities of the country by the end of the year”, Tabrez added.
Founded by Tabrez Alam, Naresh Kumar Kachhi, Balasubramaniam S and Prakash Velusamy, the company is now 15 people strong with 13 members purely focussing on the technology development. The company utilises a network of ‘Scouts’ which is a community of over 500,000 users who contribute to the data generation for location intelligence.
Intents Mobi counts some of the biggest names in various industries as their clients including Here Maps, TomTom and Honda among others.
The government changed the GIS policy of the country only a while ago. As a result of which, location intelligence and GIS companies are free to gather GIS data for the country without any special permissions needed from the government. “We believe that with the new GIS policy changes by the government, the potential for location intelligence can now be fully explored” said Tabrez.
“We are living in interesting times & Intents Mobi is sweetly placed to make use of the opportunities in the mobility space. The use case for Intents Mobi , right from mapping to logistics to road management to insurance, is an open space . Execution is the key“
said the spokesperson from Auxano
“Intents Mobi is fully product ready to zoom and take a leadership position in this space, viz the likes of Yandex Maps (Russia), Apple Maps (US), and BaiduMaps (China).”
said, Vivek Kumar, CEO-Venture Garage
VGangels, an angel network backed by venture garage is about 600+ angels strong and invests in early stage and bridge rounds in startups headed for Series A.
Venture Garage strives to be a part of the Entrepreneur’s journey that starts from the “best idea ever” and goes through a roller coaster of ups and downs. A sprinkling of companies that VG has successfully raised capital for/invested in and are scaling well include: Lendbox, Jadooz, UNLU, Meddelivery, Edugorilla, Design X, Flyrobe, Happilo, Superpro.ai, Wobot Intelligence.
A Chartered Accountant with close to 30 years of corporate experience with marquee names like HSBC, Convergys, Dell, Bank of America and Tech Mahindra.
