Venture Catalysts led by Shreyans Shah and Mayank Shah , recently announced its investment in AppSay. The AppSay is a business communication platform is built to protect customer information of businesses. The Platforms provides the end user with a non-intrusive way of reaching out to businesses like banks, schools, utilities, NGOs, hospitals, insurers and government departments for information, service and support.
AppSay, which is operated by Custmore Interactive Solutions Pvt. Ltd, has raised $150,000 (Rs 1 crore) in its first round of funding from seed investment firm Venture Catalysts
The core team at AppSay comprises its founder & CEO Vaibhav Shewale, an IIM-C alumnus with over 20 years of experience in global products and services, and Jeetendra Ghare, COO and Angel Investor with 17 years of global telecom and consulting expertise.
The startup will use the capital for scaling up operations and developing its tech framework.
Custmore Interactive was founded by Vaibhav Shewale, an IIM Calcutta alumnus, and Jeetendra Ghare, an angel investor with telecom and consulting expertise, in January 2015.
Angel investors Shreyans Shah and Mayank Shah Said in a converstation that
“AppSay is a cost-effective product that offers brilliant solutions to businesses around the world to tackle the growing hassles associated with bulk SMS and e-mails. Its pull-based approach has all the necessary features that can help in protecting customer information,
Venture Catalysts’ last investment was in Don’t Scratch Your Head (DSYH), an Ahmedabad-based SaaS-based logistics reconciliation platform for e-commerce channels.
Its portfolio includes startups such as train discovery platform ConfirmTKT , photography curation venture Siftr Labs Pvt. Ltd , data analytics firm vPhrase Analytics Solutions Pvt. Ltd, peer-to-peer lending start-up LenDenClub and driver analytics firm Vahanalytics, among others.
The platform invests $100,000-250,000 in early stage startups in the Internet of Things (IoT), artificial intelligence, ad-tech, virtual reality, education, e-commerce and retail space.
Venture Catalysts aims to expand in next two years and also recently expanded its operations into Surat and will be looking to establish its physical presence in five cities in 2016 .