Gaurav Singhvi, Managing Partner - VCats Surat and Mumbai-based Zaffiro Ventures have made the investment into DSYH, which comes on the heels of VCats' physical expansion into Surat and marks its first Gujarat-centric investment, it said in a statement.
"These funds will allow us to upgrade our technological infrastructure and customer support team to shore up our rapid business growth," DSYH CEO Suraj Vazirani said.
Ahmedabad-based DSYH is a data analytics SaaS startup that 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 startups that are solving global problems through localised solutions.
"DSYH has been developing a first-of-a-kind technology to identify and address the real-time logistics reconciliation challenges of Indian e-commerce sellers," Venture Catalysts co-founder Apoorv Ranjan Sharma said.
The investment will allow DSYH to evolve to the next stage of its growth as it looks to build better engagement systems for the entire e-commerce seller ecosystem, Sharma added.
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