Rajul Garg

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