Ex-Growth Equity founder & Exited founder building SaaS platform for private capital markets
Welcome to the 70th edition of the Geeks Of The Valley (GOTV) Newsletter, where we curate interesting early-stage startups (Series A and earlier) every week. If you enjoy and want to keep abreast with insights and interesting early-stage startups before they go big, subscribe to this newsletter ✌️.
Geeks of the week
Startup Name: Tez (Raising. Please reach out for introduction)
One-liner: B2C Grocery for Tier 2+ India.
Within 7 months of pilot launch and bootstrapped, making ~$400k in annualized GMV.
AOV $28 and generating net profits from 3rd month.
Retention 65% on average.
Live in 1 city now and expansion to 15 cities in pipeline (around Central India region)
Some interesting insights from the founder on grocery verticals can be found below:
Does Unit Economics make sense for Kirana Franchises / Chains?
What’s the long-term play for QCommerce players? Consolidation or complete shut down?
Startup Name: Termgrid
One-liner: End-to-End SaaS platform for private capital markets.
Founder(s) Background: Co-founder at Farview Equity Partners (Growth investor in SaaS companies in Europe), Investor at Providence Equity Partners, Co-founder / CTO at Link3D (acquired by Materialise - global leader in 3D printing solutions).
Startup Name: Pledge
One-liner: Climate infrastructure for today's economy.
Founder(s) Background: International Expansion, Head of Data Science and Analytics, Head of Wealth and Trading at Revolut, CTO at Freetrade ($100m+ raised).
Founders building in stealth
2nd robotics engineer at Ripcord (Kleiner Perkins-backed, Series B).
Co-founder at SkyRyse ($200m+ raised, Fidelity and Venrock-backed).