Newsletter Issue # 42 | September 2022

Monthly Spotlight

Deep Dive Into Our Choice Story Of The Month

Agritech startup Loopworm raises $3.4 million in seed funding led by?WaterBridge?Ventures and Omnivore

WaterBridge?Ventures led a $3.4 million seed investment in agritech startup?Loopworm ?along with?Omnivore . The round also witnessed participation from?Titan Capital ?and angel investors including Nadir Godrej of Godrej Agrovet, Sanjiv Rangrass former head of ITC, and Akshay Singhal of Log9 Materials.?

Founded in 2019 by IIT Roorkee graduates?Ankit Alok Bagaria ?and?Abhi Gawri , Loopworm is an insect biotech startup that aims to optimize insect farming and produce nutrients and ingredients for B2B customers. This could transform multiple sectors including aquaculture, pet food, and nutraceuticals.?

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Portfolio Milestones

Milestone Updates From Our Portfolio

EaseMyTrip and Magicpin form strategic partnership

EaseMyTrip ?and?Magicpin , India's largest platform for local shopping and savings, have come together to form a unique?partnership ?and will be launching a suite of products and services that will bring travel and shopping experiences together through cross promotion to give their customers a holistic purview.

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Doubtnut featured in Google Play’s ‘Made In India’ collection

Doubtnut ?was recently featured on Google Play under "Apps Empowering People ", highlighted as an app that has been making education accessible in multiple regional languages. This was a collection of Made in India applications acting as a source of inspiration for new-age India.

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Switch Mobility and Chalo join hands to deploy 5,000 electric buses across India

Switch , the next-generation carbon neutral electric bus and light commercial vehicle company and?Chalo ?entered into a strategic collaboration for the deployment of 5,000 state-of-the-art electric buses across India. This?partnership , is one of the largest commitments for electric buses worldwide.

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NewsFlash

WBV Portfolio In The?News

Nymble onboards MasterChef trifecta as creators

Nymble has initiated a collaboration with three MasterChef finalists. Chef?Keyma V.? (MasterChef Australia 2022),?Kishwar Chowdhury ?(MasterChef Australia 2021 Finalist), and?Dorian Hunter ?(MasterChef US 2019 Winner) will now be headlining the Creator Section on the Nymble app.

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Atlan’s Prukalpa speaks at ET Soonicorn Summit 2022

Prukalpa Sankar , co-founder of?Atlan , a data collaboration workspace startup, will feature as a speaker at the?The Economic Times Soonicorns Summit ?powered by AWS about the next billion-dollar opportunity to be created by new category-defining startups coming out of India for the world.?

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Muvin featured in YourStory

In a recent YourStory feature, co-founder of?Muvin ?Mukund Rao ?discussed their vision of improving financial literacy across the 200 million youth in India.?Muvin ?has over 50k active users, and enables parents to transfer money to their children digitally, as well as imparting financial literacy to children and teenagers.

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WBV Insights

Thought Leadership From Our Team

The Future of Work is Here & It’s Remote

According to?PWC’s Global Workforce Study ?of 50,000+ workers in 40+ countries, 20% of workers are planning to quit their jobs in 2022. We are in an era where companies are chasing talent rather than vice-versa.?Raghav Prasad ?detailed his thoughts on the theme of cross-border remote work, the models that excite us and India’s competitive edge in the global arena.

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WaterBridge?Ventures hosts Women In Product networking night

Anjali Sosale ?and?WaterBridge?Ventures hosted an exclusive networking event for 150+ women in tech. Guest speaker?Julie Zhuo , a best-selling author and founder of?Sundial , shared candid advice and insights from her experiences of going from an intern to VP at Facebook, to starting her own company.?

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The Indian Love-Tech Opportunity

Global dating apps such as?Tinder ,?Bumble ,?Grindr , and?happn , and Indian players such as?TrulyMadly ?and?Aisle ?have seen a lot of traction in urban markets, however, tier 2/3+ areas are still heavily under penetrated. With 65% of India’s 16-34 year old population based out of rural India, the potential target base stands at a staggering 250mn+.?Kaustav Bagchi ?took a deeper look into the love-tech industry, and the factors which have thus far inhibited love-tech from reaching Bharat’s masses.?

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