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

  • 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

  • Deepika Saxena
    Co 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.

  • Chandan Singh
    DGM & 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.

  • Sujit Sethi
    Manager - 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

  • Sameer Bagul
    Unconfirmed
    Pushpinder Singh
    Unconfirmed
    Arvind Gupta
    Unconfirmed
  • Rajat Misra
    Unconfirmed

Previous Investors

  • Sunil Kumar Dhareshwar
    Unconfirmed
    Pradeep Gera
    Unconfirmed
  • Nilay Arora
    Unconfirmed
    Aman Gupta
    Unconfirmed
  • Mohit Gupta
    Unconfirmed

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