SAIF Partners Appoints Ex Freecharge CEO Alok Goel As Managing Director

SAIF Partners has appointed Alok Goel as a Managing Director in the fund.

Alok Goel was previously heading FreeCharge.in as the CEO and was the COO of redBus.in prior to that. He is well-known in the industry for closing two of the biggest M&A in the Indian internet ecosystem with the acquisition of Freecharge by Snapdeal and redBus by Naspers. At SAIF Partners, Alok will be looking into early stage investments.

“SAIF Partners has one of the finest portfolios in the industry today. I am excited to be a part of this team and leverage my experience in Internet and Mobile businesses to help early-stage companies become world-class businesses.” [Alok Goel]

Pre-owned car marketplace, Gozoomo Secures $5mn From SAIF

Company Name : Gozoomo (Pre-owned car marketplace)
Funding Amount : $5mn
Investor(s) SAIF Partners.
Funding Round : Series A
Location: Bangalore

SAIF Partners has announced an investment of $5Million in Bangalore-based start-up Gozoomo. gozoomo

The peer-to-peer platform for user car transactions helps the patrons to buy verified, pre-inspected cars from direct owners without paying any brokerage. The investment will be used to strengthen their operations, technology and product leadership in their niche.

Gozoomo claims to be the biggest peer-to-peer car platform in Bangalore & Mumbai, with impending launches in Delhi, Pune, Hyderabad & Chandigarh. It follows a business model that seeks no commission or listing fees. Instead, it cuts out intermediaries, dealers and brokers, ensuring the best price to its buyers and sellers. Users are offered services throughout the transaction process including car shortlisting, establishing a fair price, inspection, paperwork, advance booking, loans, insurance, warranty, refurbishing and post sales support.

UrbanClap Secures $10mn from SAIF and Accel Partners

Who: Mobile services marketplace, UrbanClapurbanClap

How Much : $10mn

From: SAIF Partners and Accel Partners .

Round: Series A

UrbanClap earlier raised $1.6 mn (~10 crores) from SAIF, Accel and Snapdeal founders.

“Local services are a very big market and pain point for the India consumer. There is high level of non-standardisation of service quality, pricing and supplier base. The market is ripe for disruption, both from a discovery and consumption of services perspective.” [Mukul Singhal, principal at SAIF Partners]

– Read : How Justdial is getting unbundled

Tracxn Raises $3.5M Led By SAIF

SAIF Partners has announced an investment of $3.5 million in Tracxn, a research platform for private market investors. Tracxn aims to use the funds towards building the largest team of analysts tracking startups globally.tracxn-logo
At present, the platform has a team of 30 analysts which it targets to expand to 150 people by the end of the year. Tracxn earlier raised angel funding from Flipkart founders

“Our primary customers are VC, PE and Corp Dev. For instance if you want to look at sectors like “Smart Home”, “Sharing Economies” or “Industrial Robotics” for investment, M&A or strategic partnership purposes, we are probably the most comprehensive resource available today” says Neha Singh, co-founder Tracxn.

PepperTap Secures $10 M From SAIF Partners & Sequoia Capital In Series A funding

PepperTapThe hyper local grocery delivery service, PepperTap, has raised $10 million from SAIF Partners & Sequoia Capital in Series A funding.
PepperTap earlier raised seed funding from Sequoia in Feb 2015.
The funds will be used for hiring and expanding the reach of PepperTap to 10 more cities in the country by the end of 2015.
Launched in November 2014, PepperTap offers more than 15,000 SKUs across categories including Staples, food & dairy products, household items, fresh fruits & vegetables etc. Consumers can place their orders through a mobile app and deliveries are made in a span of two hours.

Swiggy Secures INR 12 crores in funding from Accel and SAIF Partners

swiggyThe food ordering app, Swiggy has raised INR 12 crores from venture capital firm Accel Partners and SAIF Partners. The funds will be utilized for the company expansion.

“Getting high-quality food delivered expeditiously is a huge problem in India. We tracked this space closely and found the Swiggy team doing a fantastic job in filling this need,” said Anand Daniel, a partner at Accel

The funds raised will be exclusively used to hire talent and expand its services to metropolitan cities like Mumbai, New Delhi and Chennai by the end of this year.
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