Venture Catalysts announces seed investment into ‘Don’t Scratch Your Head’ - Times of India
Summary
Pune: Seed investment and innovation platform Venture Catalysts has announced a seed investment into Dont Scratch Your Head (DSYH), a SaaS-based logistics reconciliation platform for e-commerce channels.Led by Gaurav Singhvi, managing partner VCats Surat, and Mumbai-based Zaffiro Ventures, the $250k investment into DSYH closely follows on the heels of VCats physical expansion into Surat and marks its first Gujarat-centric investment.Currently focusing on the e-commerce industry, Ahmedabad-based DSYH is a next-generation data analytics SaaS start-up disrupting the reconciliation space across multiple sectors. By allowing sellers associated with multiple marketplaces to reconcile accounts, payments, returned orders, promotional amounts through a single, consolidated window, DSYH has been addressing seller reconciliation, traditionally one of the biggest pain-points in the e-commerce seller ecosystem.Since the launch of its operations, DSYH has reconciled more than 500,000 orders with GMV of $7 Million through its platform, identifying between 5%-7% of GMV as avoidable reclaimable charges per user.Prior to securing investment from VCats, DSYH was being accelerated at Reliance Industries Limiteds GenNext Hub and powered by Microsoft Accelerator India.Currently looking to further its long-term vision of nurturing entrepreneurship in the country by establishing a physical presence in more cities across India, VCats is working to create a robust network of investors, mentors and business partners in the Indian start-up ecosystem.