Newsletter Issue # 40 | July 2022
WaterBridge Ventures
We back missionary founders just as they set out to change the world!
Monthly Spotlight
Deep Dive Into Our Choice Story Of The Month
Eloelo raises $13M Series A funding to build India’s largest Creator-led Live Social Video Platform
India’s leading homegrown live video streaming platform,?Eloelo ?has raised $13 million as a part of its?Series A ?funding round with early backers?WaterBridge Ventures ?and?Lumikai Fund ?being joined by new investors?KB Investment ,?Kalaari Capital ,?Convivialité Ventures ?and?Rocket Capital .
Eloelo is India's only live platform where 40,000+ creators host games and shows and engage and interact live with their audiences across multiple show formats. In less than 2 years, they have built a Top 10 PlayStore App with over 3.5 million users of which 50% are female and consistently seeing over 90% of DAU being organic. Co-Founder and CEO Saurabh Pandey recently featured on CNBC, talking about the journey Eloelo has been on and the road ahead.
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Portfolio Milestones
Milestone Updates From Our Portfolio
Chalo covered in Tracxn’s list of Top Road Transport Tech Startups
Chalo ?was recently covered in?Tracxn’s Emerging Startups 2022 list ?as one of the top rated road transport tech startups. Present in 22 cities thus far, Chalo is digitizing the largely untapped bus travel segment by offering live bus tracking, e-ticket booking and other services through the?Chalo App ?and?Chalo Card .
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Atlan awarded by The Forrester Wave
Atlan , the active metadata platform for modern data teams, has been recognized as a leader in?The Forrester Wave : Enterprise Data Catalogs for DataOps, Q2 2022. Atlan received top scores in?17 criteria , including Product Vision, Market Approach, Innovation Roadmap, Performance, and Connectivity, Interoperability, and Portability.
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Aayu recognized as Rajasthan’s Best Brand
Rajasthan Leadership Awards 2022 ?for Rajasthan’s best brand has been presented to ‘Aayu’ (previously?Medcords ).?Aayu ?is the country's largest retail chemist store network, with 40,000+ chemist stores on its platform. It also provides medicines, consultations with 5,000+ specialist doctors and 160+ lab tests that can be booked from Aayu app.
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NewsFlash
WBV Portfolio In The News
CuriousJr to organize 'All India Coding Championship'
CuriousJr , an online coding platform for kids, is gearing up to host its second edition of the?All India Coding Championship ?for children grades 4 to 12. Its inaugural edition in 2021 saw participation from 25,000+ kids. CuriousJr will grant scholarships.
领英推荐
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Doubtnut is helping students prepare for exams with easily accessible technology
Ina?YourStory ?feature,?Doubtnut ?founders?Tanushree Nagori ?and?Aditya Shankar ?discussed their journey and product roadmap. Doubtnut’s proprietary Optical Character Recognition (OCR) and image matching algorithm analyzes the questions and matches them to over 30 lakh video solutions present in their library, 90% of which is pure Indian language content or a mixture of English and Hindi.
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Legitquest: On a quest to building a legal technology framework in India
Legitquest ?founder?Karan Kalia ?recently sat down with Forbes where he detailed how?Legitquest’s ?litigation score software can help lawyers and corporations with due diligence and verification. Legitquest today stands on billions of pages of data that help public-sector and corporate clientele. The portal has a renewal rate of 92% for subscriptions by its clientele.
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WBV Insights
Thought Leadership From Our Team
Why we invested in Yellow Metal?
Over?65% of India's gold ?is with rural households, often representing their largest asset pool after real estate, therefore the only asset to borrow against in times of financial stress. In her recent blog?Anjali Sosale ?provides some rationale behind our investment in?Yellow Metal ?and explains why we’re so excited to partner with Rahul and Nikhil in their mission to give rural India access to gold-backed credit.?
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Understanding the Creator Economy
Currently, the size of the creator economy stands at over $104bn.?Nihar Mehta? of WaterBridge Ventures jots down his thoughts on the creator economy and the way forward for this burgeoning segment. We expect further innovation in business models focused on creator discoverability, influencer-led commerce and creator tools that facilitate commerce.
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WBV represent at the Encubay x AWS founder-funder mixer
Encubay ?and?Amazon Web Services (AWS) ?recently held their founder-funder mixer in Bangalore.?Anjali Sosale ?was among the speakers that addressed the 50+ female founders and investors, in an event filled with candid conversations that stirred up collaborations.
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