Seed investment company Venture Catalysts (VCats) today announced an investment of $ 2,50,000 (nearly Rs 1.68 crore) into SaaS-based logistics reconciliation platform Don’t Scratch Your Head (DSYH).
Led by Gaurav Singhvi, Managing Partner, Venture Catalysts Surat, and Mumbai-based Zaffiro Ventures, the investment into DSYH closely follows Venture Catalysts’ physical expansion into Surat and marks its first Gujarat-centric investment, VCats said in a statement here.
With a focus on the e-commerce industry, Ahmedabad-based DSYH was part of Reliance Industries’ accelerator programme GenNext Hub and is a next-generation data analytics SaaS start-up in the logistics reconciliation space across multiple sectors.
DSYH has been addressing seller reconciliation, traditionally one of the biggest pain points in the e-commerce seller ecosystem, and allows sellers associated with multiple marketplaces to reconcile accounts, payments, returned orders, promotional amounts through a single and consolidated window.
“We, at Venture Catalysts, have always been on the lookout for disruptive start-ups that are solving global problems through localised solutions. DSYH, with its SaaS-based platform, has been developing a first-of-a-kind technology to identify and address the real-time logistics reconciliation challenges of Indian e-commerce sellers,” Apoorv Ranjan Sharma, Co-founder, Venture Catalysts, said.
Venture Catalysts facilitated over nine investments worth more than $ 1.5 million in promising start-ups such as vPhrase Analytics, Vahanalytics, Siftr and ConfirmTKT since the launch of operations in 2015.