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
Comet 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

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