GSF Superangels announce seed investments in five Indian startups

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GSF Superangels announce seed investments in five Indian startups

GSF Superangels, the angel investment network behind the tech accelerator programme, GSF Accelerator, have announced seed round investments in five Indian startups.

These five startups - Little Eye Labs, Tushky, ZAPR, HackerEarth, and WeAreHolidays - were part of the first batch of the GSF Accelerator that graduated in 2012, and have now received further funding from GSF Superangels/ or other groups, in addition to the pre-seed capital that they received for being part of the GSF Accelerator programme.

(Also see: GSF Accelerator inducts 15 startups in its inaugural batch)

Rajesh Sawhney, Founder of GSF, said, "From the first batch of thirteen GSF companies that received pre-seed capital from GSF, seven have so far raised their next round of financing. This makes GSF Accelerator one of the most successful programs in terms of providing hands on mentorship as well as financing to its startups. We have a two-stage investment process, wherein GSF invest in the seed rounds of a few of our portfolio companies in addition to the pre-seed investments at the Accelerator level."

About the startups

Little Eye Labs is a performance management and analytics platform for mobile app developers. Their "Visual Correlation Engine" provides data as well as the relevant context around the data, that makes analysis and subsequent management of the app extremely easy and meaningful. It monitors CPU, Battery and Memory consumption patterns automatically, without the need for any coding or setup. GSF Superangels and VentureEast have co-invested in Little Eye Labs in the recently concluded seed round.

Tushky is an ecosystem that aims to offer unique experiences and places to consumers in India across different cities. For consumers, it allows search, assessment, reviews and bookings very easily. For merchants and vendors, it provides a self-service portal to offer their experiences and services. It also provides product development and merchandising support to vendors. GSF Superangels, 500 Startups and a clutch of seasoned International Angel investors have provided the seed capital in this round.

ZAPR is a mobile platform to make television interactive and disrupt the way TV content is consumed and measured globally. ZAPR allows brands and media houses to identify their TV audience in real time and measure viewer response to their campaigns. GSF Superangels and GITP Investments from Singapore, along with Samir Bangara, co-founder of Indiagames and CEO of Kyuoki, and Rajesh Kamat, Ex-CEO of Color and CEO of CA Media have provided capital for this round of financing.

HackerEarth hopes to provide a platform for hiring the smartest programmers. HackerEarth combines the process of targeted skill assessment with innovative developer sourcing methods, so that the users get talent that meets their benchmark, still keeping the hiring funnel small and simple. GSF Superangels solely invested in this seed round of HackerEarth.

WeAreHolidays is creating a planning engine that will recommend holiday options to planners based on their persona and preferences. The recommendation engine will remove human inefficiencies in holiday planning and make this process scalable. GSF Superangels, Blume Ventures and Mumbai angels have co-invested in the seed round of the company.

(Also see: GSF Accelerator graduates twelve startups as part of its 2013 Summer program)


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