Don’t Scratch Your Head an Ahmedabad based SaaS startup raised seed funding of $250k from Venture Catalysts a Mumbai based seed investment and innovation platform. It was led by Managing Partner of VCats Surat- Gaurav Singhvi and Zaffiro Ventures. The funds will be used to upgrade customer support team and technological reclaimable.
It was founded in November 2015 by Suraj Vazirani. It is a SaaS based logistics reconciliation platform for e-commerce channels. It’s sellers are associated with multiple marketplaces to reconcile payments, accounts, promotional amounts through a single & consolidated window, returned orders.
Apoorv Ranjan Sharma, co-founder Venture Catalysts said
“DSYH has been developing a first-of-a-kind technology to identify and address the real-time logistics reconciliation challenges of Indian e-commerce sellers.”
The startup has a team of 6 members including the founders. Hari Vaag, CTO and co-founder, was a core team member at Travelguru.com & since 2012 has been CTO with Maniacstore.com. Suraj Vazirani CEO & Co-founder, presently the President of the AIOVA- All India Online Vendors Association, has been associated with the segment since eBay days, when Snapdeal was a deal based website. Sumit Karanji COO & Co-founder has been associated as a business management professional with Bajaj Allianz and Maruti Suzuki, & also founded 2 startups in the healthcare and automotive sectors.
Venture Catalysts raised $500k from Zaffiro Ventures at post money valuation of $6 million. It usually invests between $100k – $250k in early stage startups having the potential to create enduring value for over a long period of time. So far it has invested in 9 startups including ConfirmTKT, Vahanalytics, vPhrase Analytics and Siftr, etc.
Gaurav Singhvi, Managing Partner at VCats Surat, said,
“DSYH is creating strong data analytics tools that can solve all the reconciliation woes of the Indian ecommerce seller. Since reconciliation can directly impact the profit margins of sellers on e-commerce platforms, providing such an innovative problem-solving solution will definitely add great value to the entire ecommerce ecosystem.”