Satvacart
Satvacart is the only profitability proven grocery delivery company in India. It aims to capture 20% of global grocery consumption in the next 15 years.
- Stage Product In Market
- Industry Retailing / Distribution
- Location Gurgaon, Haryana, India
- Currency INR
- Founded July 2014
- Employees 25
- Incorporation Type Other
- Website satvacart.com
Company Summary
Satvacart is the only profitability proven grocery delivery model in the country.
The team from IITs & Global B schools, has worked with EY, Cleartrip, Nature’s Basket and Amazon.
The company operates@ GM of Rs 450 & CM1 of Rs 350+ through focus on Fruits & Veggies and Imported & Gourmet Food & is adding over 100 new households every week, inching gradually to an EBIT of 1.5Cr a month from Gurgaon.
Round is led by Global CFO@Infosys & Ex PE@Lodha
Team
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Founder & CEO
Rahul brings over 16 years of experience in Retail, Strategy Consulting, eCommerce, Algorithmic Trading and Technology with EY, Cleartrip, O3 Capital and NetApp.
A B. Tech in Computer Science & Engineering from IITBHU and MBA in Finance & Project Management from Queen's University, Rahul brings a uniquely differentiated cross industry exposure. This allows the organisation to keep innovating and stay continuously ahead of the market
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Deepika SaxenaCo Founder & CTO
Deepika brings over 13 years experience working on highly scalable risk management systems designed for CitiBank, Fidelity, and several wealth management organisations.
A B.Tech in Computer Science, Deepika brings the right experience to help design & develop the right technology systems to bring in operational and strategic efficiencies at Satvacart.
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Chandan SinghDGM & Head - Operations
Chandan brings in close to 15 years of experience in first mile and last mile logistics.
He has set up all India operations and warehousing for several high revenue logistics organisations during his career.
In his last role, Chandan was leading all India operations for one of the largest logistics partner of Amazon & Flipkart.
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Sujit SethiManager - Corporate Strategy
Sujit comes with a traditional retail background. His family has run multiple offline stores in the past.
He has grown within the organisation over the past 7 years and has come to a point where he can run all aspects of the organisation irrespective of the presence of the founders. -
Head - Category Management & Supplier Relations
Neelkamal brings over 15 years experience in Grocery and Gourmet retail with leading organisations in the country.
An MBA in International Business, Neel has worked with Big Bazaar, Foodhall, Spencer's and Nature's Basket, learning nitty gritties of scaling up grocery retail businesses profitably.
In his last role at Nature's Basket, Neel was responsible for overall category management and PnL of the food portfolio worth 135 Crores.
Advisors
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Sameer BagulUnconfirmedPushpinder SinghUnconfirmedArvind GuptaUnconfirmed
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Rajat MisraUnconfirmed
Previous Investors
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Sunil Kumar DhareshwarUnconfirmedPradeep GeraUnconfirmed
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Nilay AroraUnconfirmedAman GuptaUnconfirmed
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Mohit GuptaUnconfirmed
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