Venture Catalysts (VCats) has invested USD 250,000 (about Rs 1.68 crore) in Don't Scratch Your Head (DSYH), a SaaS-based logistics reconciliation platform for e-commerce channels.
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.
Till now, DSYH has reconciled more than 5,00,000 orders with GMV of USD 7 million through its platform, identifying between 5-7 per cent of GMV as avoidable reclaimable charges per user.
"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.
Prior to securing investment from VCats, DSYH was being accelerated at Reliance Industries' GenNext Hub and powered by Microsoft Accelerator India.