Rajul Garg

I am an early stage investor. I now advise  – Leo Capital for investments into India. 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

Cygnus Medicare

Cygnus has an innovative Managed Asset model in the post secondary care space. It runs 12 hospitals in Delhi and Haryana

2010

Delhi, India

Reify Health

Using mobile based data collection for Clinical trials

2011

US

Flixstock

Auto-generation of images for fashion commerce

2011

Delhi, India

Lisa Homes

Property management solution to manage investment properties.

2014

Mumbai, 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: Smart Home pack – locks, geysers, lights and ACs

2015

Delhi, India

Shuttl

Daily office commute Meets awesome consumer app

2015

Delhi, India

Uolo Notes

Messaging App for communication from school to parents

2015

Bengaluru, India

Fashalot

Pre-sales analytics for offline fashion retailers, deals and discovery for consumers

2016

Delhi, India

Lifcare

Subscription pharmacy for chronic diseases

2016

Delhi, India

Meesho

Enabling inventory, marketing and e-tailing using mobile app for long tail sellers

2016

Bengaluru, India

Sheroes

The largest community of women

2016

Delhi, India

GoComet

Long haul freight management aggregator

2016

Mumbai, India

Tripeur (Shorebird)

Travel booking and expense management app for enterprises

2016

Bengaluru, India

Siftwallet

Shopping price protection and rewards

2017

US

Gallop.AI

Business travel made simpler using AI

2017

US

PeopleStrong

Largest HRtech company in India

2017

Delhi, India

 

The ones below are made alongside Leo Capital

BeatO

Diabetes vertical commerce

2018

Delhi, India

LoanSimple

PoS based SME Loans

2018

Delhi, India

Edureka

Short duration technical courses, online

2018

Bengaluru, India

LambdaTest

Cloud based testing infrastructure

2018

Delhi, India

Infraprime Logistics

Mid-haul logistics aggregrator

2019

Delhi, India

WorkSpot

PC on the Cloud

2019

Bay Area, USA

Bulbul

Video based live selling!

2019

Delhi, India

 

Positive Exits  – hold no equity any more.

Company About Role Held
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. In some cases the founders have disclosed the names, so I am also disclosing the name of the companies. In others, respecting their choice, I have only given the space. 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
Health rewards app 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