I am an early stage investor. I am a Managing Partner at – Leo Capital making early stage tech investments into India, SEA and US (SaaS). Please note that I do not make any personal investments. Hence all investment requests will be evaluated in the context of Leo Capital only.
If you are looking for advice from me, you can reach out to me directly at rajul.garg@gmail.com. Since I am in the business of investments, its hard for me to spend time with companies that are not in my portfolio. However, if its a topic of interest and you write to me with specific and pertinent questions, I will always reply. I read and reply to all the emails myself.
Given below is a list of my investments and entrepreneurial ventures as an individual.
Investor / Advisor / Board (Hold equity)
|
Company |
About |
Since |
HQ |
|
Reify Health |
Using mobile based data collection for Clinical trials |
2011 |
US |
|
Flixstock |
Auto-generation of images for fashion commerce |
2011 |
Delhi, India |
|
Sunstone Eduversity |
Aggregates and manages higher education schools |
2014 |
Delhi, India |
|
HealthAssure |
Using corporate channel to provide uniquely packaged health products |
2015 |
Mumbai, India |
|
Oakter |
IoT: post Covid smart home |
2015 |
Delhi, India |
|
Shuttl |
Daily office commute Meets awesome consumer app |
2015 |
Delhi, India |
|
Twid (earlier Fashalot) |
Bank / retail chain driven loyalty points for consumers |
2016 |
Delhi, India |
|
Lifcare |
Manages hospital pharmacies |
2016 |
Delhi, India |
|
Meesho |
Reseller commerce company |
2016 |
Bengaluru, India |
|
Sheroes |
The largest community of women |
2016 |
Delhi, India |
|
GoComet |
Long haul freight management SaaS |
2016 |
Mumbai, India |
|
Tripeur (Shorebird) |
Travel booking and expense management app for enterprises |
2016 |
Bengaluru, India |
|
Siftwallet |
Shopping price protection and rewards |
2017 |
US |
|
PeopleStrong |
Largest HRtech company in India |
2017 |
Delhi, India |
In addition to the above companies, I am involved with several companies as an investor since Leo Capital has invested into them. The updated list can be found at www.leo.capital portfolio page.
Positive Exits – hold no equity any more.
|
Company |
About |
Role |
Held |
|
Cygnus Medicare, sale to strategic |
Cygnus has an innovative Managed Asset model in the post secondary care space. |
Investor, first cheque |
2010-2019 |
|
hCentive, sale to strategic |
Technology for health exchanges, providers and brokers |
Investor |
2010-2018 |
|
Curofy, secondary exit to RoundGlass |
India’s largest Doctor to Doctor network – jobs, case discussions and reach |
Investor, first cheque |
2014-17 |
|
Babygogo, acquired by Sheroes |
Parent’s community around baby Q&A |
Investor, first cheque |
2016-2017 |
|
Qikwell, acquired by Practo |
Doctor discovery platform, dominant with hospitals in South India |
Investor, first cheque |
2013-2015 |
|
GlobalLogic, acquired by APAX PE |
Leader in outsourced product development |
Co-founder |
2000-2013 |
|
Healthkart.com, secondary exit to Omidyar |
E-commerce portal in India for non-pharmacy products |
Investor, first cheque |
2011-2012 |
|
Pine Labs, secondary exit to Sequoia |
Credit card solutions for offline merchants in India |
Co-founder` |
1998-2008 |
Shutdowns – the business has ceased to exist or gotten acquired at a substantial haircut. The thesis about not working out is purely mine, and the founder’s and other investor’s view might be completely different.
|
Company |
About |
Held |
|
Madrat Games |
First in the board games market in India,, then pivoted to wearable games in the US. Under capitalized, could not find product-market fit. |
2014-2016 |
|
Mynit |
Social polling app, pivoted to a news media app. Polling couldn’t create enough retention and media was already crowded in a bad funding market |
2015-2016 |
|
Foodcircle |
Airbnb for food using home cooks. The unit economics didn’t add up coupled with a crashed funding environment towards end of 2015 |
2015 |
|
Presso |
Laundry App – could never really take off in any significant way. Came in too early. |
2015 |
|
Just Move / WalkOn |
Fitness rewards space. Could not find enough user retention, sold the technology. |
2015-2016 |
|
10pebbles |
Gym chain. The retail economics never allowed to scale. Sold at discount. |
2009-2010 |
|
Lisa Homes |
Property management solution to manage investment properties. The team/space did not allow to build a venture scale business, sold to founder at discount. |
2014-2019 |
|
Uolo Notes |
Messaging App for communication from school to parents. Struggled to monetize and capitalize. Has pivoted under a new management, I exited. |
2015-2019 |
|
Gallop.AI |
Business travel made simpler using AI. The company underwent M&A and pivoted. I exited, but founder put in more capital and hs continued. |
2017-2019 |
Rajul Garg 