Newsletter Issue # 41 | August 2022

Monthly Spotlight

Deep Dive Into Our Choice Story Of The Month

WaterBridge Ventures leads $500k seed round of religious content app Paavan

Religious content app?Paavan?recently raised their?seed round of funding, led by WaterBridge Ventures - we are geared up for their exciting journey.

Paavan is a video-first content?app?that aims to act as a lifestyle guide for people in their quest to live a balanced and fulfilling life. The app features video and text-based content to guide its users with practical lessons drawn from India’s rich ancient knowledge, sciences, and spiritual practices. Paavan is on a mission to make the ancient Indian knowledge systems more accessible to the modern world, and help people embrace the Bhartiya way of life.

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Portfolio Milestones

Milestone Updates From Our Portfolio

Doubtnut co-founder presented 40-under-40 award

Doubtnut?Co-Founder?Aditya Shankar?received the?Times 40-Under-40?achiever award for ‘Introduction of Innovative Teaching Methods in Education’. Doubtnut is pioneering interactive video solutions for physics and math through its proprietary Optical Character Recognition (OCR) and image matching technology.?

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Eloelo hit top 4 on Google Play Store

Eloelo?was among the Top 4 apps on the Google Play Store in the Lifestyle category. With over 5 million?downloads, Eloelo is India’s leading live social platform offering live and interactive clean entertainment.

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Rise People partners with Pocketpills

Rise People, a Canadian people management platform, has partnered with?Pocketpills, Canada’s only national and bilingual online pharmacy. This partnership will facilitate significant drug savings and higher coverage for employees, with overall lower costs than traditional pharmacies.

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NewsFlash

WBV Portfolio In The News

Chalo and Citymall represent at IAMAI roundtable discussion?

IAMAI?&?HERE Technologies?assembled a virtual roundtable discussion on "Location: Accelerating better customer experience for B2C Businesses", which featured?Naisheel Verdhan, Co-founder of?CityMall, as well as?Dhruv Chopra, Co-founder & CMO of?Chalo. Speakers at the event exchanged views on how to improve user experience with the help of delivery technology.

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‘Muvin Success Story’ features in Startup Talky

Muvin?was featured on?Startup Talky?as an emerging Fintech startup to track. Muvin enables a seamless financial experience for teens, including pocket money management, financial literacy, and understanding savings from a young age, amongst others.?

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OneCode collaboration with The Product Folks

OneCode?participated in the July edition of the?Product Teardown, an initiative by the 40,000 member strong community called?The Product Folks.?OneCode?aims to expand the reach of best in breed financial products to the next 300 million (users residing in Tier 2 and below markets) via its network of direct selling agents.?

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WBV Insights

Thought Leadership From Our Team

From India, With love - SaaS Version

In his latest expose,?Nilesh Balakrishnan?of WaterBridge Ventures goes a step?deeper?into explaining why we believe Global SaaS from India is (still) hot and will be an enduring theme going forward. We expect to see continued innovation in the areas of horizontal software such as productivity/collaboration tools, vertical-specific software, and infrastructure and DevOps.

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WaterBridge Ventures represented at AWS EdStart?

At the?AWS EdStart?event in Bengaluru,?Anjali Sosale, Partner at WaterBridge Ventures, featured as a panelist alongside speakers from Omidyar and Learnyst. The topic covered was ‘Sustainable Growth Opportunities in EdTech’.?

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Why we invested in Downtown.Club?

The?D2C market?in India is forecast to reach $100b by 2025. Discovery of new brands on marketplaces is a key problem statement for D2C owners and is only possible through ads spend leading to high CACs.?DownTown.Club?is building an alternate marketplace and is looking to be India’s preferred online discovery and shopping destination for D2C brands enabling customers to get a new, refreshed feed of brands every time they login to the app. Only a few weeks since launch, DownTown has over 10,000 downloads showcasing 120,000 SKUs from 300+ D2C brands live on the?app.

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