Tag: Sequoia Capital

  • Fittr: World’s Largest Community-based Fitness Brand

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Fittr.

    Fittr is a tech-enabled community-first health and fitness platform started with an aim to provide science-backed health and fitness knowledge to its users.  With a three million strong and inclusive community, Fittr has trained and transformed over 220,000 people, centered on the fact that “fitness is a journey and not the destination”.

    The philosophy underpinning Fittr revolves around fostering awareness and education around fitness and nutrition, alongside empowering its community members with the right knowledge, skills, and support to achieve their fitness goals.

    StartupTalky interviewed Sonal Singh (Co-founder, Fittr) to get insights into the startup story and roadmap of the organization. In this article, you’ll discover how Fittr was launched, its business model, funding details, future plans, and more.

    Fittr – Company Highlights

    Startup Name Fittr
    Founders Jitendra Chouksey (CEO), Jyoti Dabas, Rohit Chattopadhyay, Bala Krishna Reddy, Sonal Singh
    Headquarters Pune
    Founded 2016
    Industry Health and Fitness
    Website fittr.com

    Fittr – About and Vision
    Fittr – Industry Details
    Fittr – Idea and Inspiration
    Fittr – Products/Service
    Fittr – Founders and Team
    Fittr – Business Model and Revenue Model
    Fittr – Launch & Marketing Strategies
    Fittr – Challenges Faced
    Fittr – Growth and Stats
    Fittr – Funding and Investors
    Fittr – Advisors/Mentors
    Fittr – Acquisitions/Mergers
    Fittr – Recognition and Achievements
    Fittr – Future Plans
    Fittr – FAQs

    Fittr – About and Vision

    Fittr is a tech-enabled community-first health and fitness platform started with an aim to provide science-backed health and fitness knowledge to its users. The platform encourages people to begin their fitness journey with science-backed knowledge.

    In the long term, Fittr aims at making 50 million people fit and creating 100,000 meaningful career opportunities in the fitness industry. Its mission is to become the leading global social platform and marketplace for fitness coaching by educating and inspiring people to get fit & transform their lives. For the next year or two, the primary focus is to generate effective employment for more than a thousand fitness and nutrition coaches.

    There is a strong philosophy that underpins Fittr revolving around fostering awareness around fitness and nutrition, alongside empowering its community members with the right knowledge, skills, and support to achieve their fitness goals. Being a community-driven platform, it aims at bringing the fraternity of fitness enthusiasts together to usher in the much-needed innovation in the industry. The team here strongly believes in democratizing fitness and busting myths around fitness education, thereby building a healthier society together.

    Fittr – Industry Details

    As per industry estimates, there is a report recently released by Redseer Consulting that positioned India’s fitness industry which includes equipment, sportswear, fitness services, and recreational sports, at USD 12 billion in 2018, and despite the ongoing pandemic, the overall fitness industry is expected to touch the USD 32 billion mark by 2022 and grow at an annual rate of 27%.

    The fitness market has seen a massive boom with the industry pivoting its business model to online. Convenience and personalization are the key elements driving the online fitness industry. One of the major trends that are being witnessed these days and will become more prominent in the future is the hybrid fitness model which will be an amalgamation of online fitness classes and going to gyms. Sonal Singh (Co-founder, Fittr) anticipates that we will continue to witness the surge in the adoption of online fitness in the coming years along with more personalized fitness programs developed on Artificial Intelligence (AI).


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    Fittr – Idea and Inspiration

    Over the years, Fittr has evolved to become the platform it is today, and it will continue to do so to deliver holistic fitness – for the body, mind, and beyond.

    It all began as small a WhatsApp group in 2014 by Jitendra Chouksey (JC), who is also the founder and CEO, to help his friends get in shape. The other co-founders Jyoti Dabas, Rohit Chattopadhyay, Bala Krishna Reddy, and Sonal Singh, joined JC soon after. In the same year, given the overwhelming response and positive feedback, they quickly transformed into a Facebook group, called S.Q.U.A.T.S. The group was based on the “Systematic Quantitative Unified Aesthetic Transformation System”, which helped more people be a part of the fitness revolution with a safe space that is free of judgment. The Facebook community helped them, and others to understand the specific requirements all of which could be addressed with quantified nutrition.

    In 2016 with an initial investment of INR 90K, the platform was launched. As like-minded people, each of them wanted to provide a safe and judgment-free platform where anyone could learn, transform, inspire, and explore their career opportunities in fitness. Later, they created the fundamental training methodology to prove that anyone can get fit with the knowledge of Quantified Nutrition.

    Then in 2018, the team launched the Fittr application with an aim to democratize fitness. Today, Fittr is successfully functioning as a tech-enabled community-first health and fitness platform headquartered in Pune.

    “I am happy to state that we have been profitable since inception and are one of the largest fitness & nutrition communities on Facebook with over 600k members” – says Sonal Singh, Co-founder, Fittr.


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    Fittr – Products/Service

    Fittr serves as a one-stop solution for all health and fitness guidance and related needs of the users. It sees itself as a technology company with a passion for fitness and nutrition. Fittr uses AI to create intuitive tools that map the entire fitness journey of a person. The app offers a full suite of easy-to-use tools such as a free diet tool, free training tool, body fat calculators, macros calculator, and many others. The platform also provides personalized guidance, customized plans, and weekly check-ups through Fittr’s certified coaches by paying a small premium.

    Fittr
    Fittr Logo

    The company’s strength is its strong three million-plus inclusive community which not only supports each other’s fitness goals but also encourages them to become a better version of themselves. Additionally, Fittr’s B2C freemium model, along with its principle of ‘Quantified Nutrition’, a scientific and proven method for achieving life-long health and fitness is what makes Fittr stand out from the clutter.

    Initially, the name of the organization was S.Q.U.A.T.S, “Systematic Quantitative Unified Aesthetic Transformation System”. In March 2019, the team rebranded the company’s name to FITTR as it is more reflective of the market that they aspire to serve. They believe that this name has more impact on peoples’ minds and gives fitness aficionados a psychological push towards staying fit whenever they see the app icon on their smartphones.

    Fittr has a subsidiary called the Institute of Nutrition and Fitness Sciences (INFS) which was established with the intent of imparting comprehensive and practical knowledge in health and fitness by one of the Co-founders, Jyoti Dabas.

    INFS provides a range of online courses with the aim of promoting scientific learning, research initiatives, and revolutionizing the health and wellness industry. INFS is on a mission to provide its students with a best-in-class education in nutrition and fitness. To date, more than 12,000 students have enrolled in INFS certificate courses and over 3300 are enrolled in their other offerings like workshops in Ayurveda and mindfulness.

    Fittr – Founders and Team

    Jitendra Chouksey (CEO), Jyoti Dabas, Rohit Chattopadhyay, Bala Krishna Reddy, and Sonal Singh are the founding members of Fittr.

    Fittr Co-founder
    Sonal Singh – Co-founder, Fittr

    Fittr’s co-founders include Jitendra Chouksey, an IT engineer, Jyoti Dabas, a former Citigroup analyst, Rohit Chattopadhyay, who comes in with a diverse sales and marketing experience across banking & various other sectors, and Bala Krishna Reddy, a former developer at Ford Motors. They came together to form Fittr with a common goal to provide a safe and judgment-free platform for people to learn, transform, inspire, and explore career opportunities in fitness.

    A little brief about Fittr’s co-founders is as below:

    Jitendra Chouksey

    A first-generation entrepreneur, Jitendra Chouksey (JC) is a graduate as an IT Engineer and worked for more than eight years in the tech sector at companies like IBM, L&T, and Mphasis. The sedentary lifestyle started taking a toll and as a lifelong fitness enthusiast, he wasn’t content with his personal fitness level. He delved deeper into educating himself & experimented on his own body. He came to realize that the secret to fitness wasn’t as complicated as it seemed: it was based on the science of quantified nutrition. Having transformed himself, he went on to win the title of Muscle Mania Muscle Model 2015. He gained the attention of his friends and colleagues who all wanted to learn how to transform.

    Rather than keep his fitness discovery a secret or charge people, he started training them for free first on WhatsApp and then Facebook. When the demand became overwhelming, he trained coaches with the hope that they could train others and spread the knowledge. Before JC knew it, his simple ambition to help others was the genesis of an entrepreneurial adventure called Fittr.

    Jyoti Dabas

    Jyoti Dabas is a Co-founder at Fittr. After securing an MBA from IIM-Calcutta, Jyoti went on to complete an Electronics and Communications Engineering degree from the University of Warwick. She is also a Doctor of Naturopathy, Certified Personal Trainer, and a Certified Life Coach.

    She is also Founder and CEO at INFS – India’s largest Online Fitness Certification Institute. As a founding member, her role is to uphold the quality of the courses offered by INFS and to ensure the company lives up to the expectations of the stakeholders. She aims to increase the number of quality Fitness Professionals in the country and create opportunities where these professionals can earn at par with other service industries

    Apart from her many academic achievements, Jyoti is an entrepreneur at heart. Having served more than seven years in the field of Banking and Consulting in London and India, she stepped out of her comfort zone to explore her interests in the Fitness Industry.

    Rohit Chattopadhyay

    Rohit Chattopadhyay is the Co-Founder and Director of Fittr. The foundation of Rohit’s entrepreneurial journey with Fittr was laid when he joined Fittr’s Facebook community. He began implementing everything that was recommended in the group.  With time, Rohit witnessed his health and fitness improve by leaps and bounds. This became a turning point for him, as he realized fitness was his true calling.  After a year, Rohit moved to Pune and became a Fittr coach, and eventually a part of the founding team of Fittr.

    Rohit is closely involved in the branding and marketing efforts of Fittr. Prior to joining Fittr, Rohit was working in the marketing department of IBA Systems and Automations. He has an Electrical Engineering degree, and a Master’s degree in Marketing.

    Bala Krishna Reddy

    Bala Krishna Reddy Dabbedi is the Co-Founder and Director of Fittr. He comes with a decade-long experience in technology and fitness.  Bala began his career in technology at large corporations in India and the United States. This helped him gain insight into international markets.

    With a Master’s degree in Science from the University of North Carolina at Charlotte, he was part of the original team that helped create the Fittr website. During that period, Bala was working with Ford Motors in the US. However, he understood that Fittr was something special and recognized his interest in fitness to move to India.


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    Fittr – Business Model and Revenue Model

    Fittr acts as a one-stop-shop for all health and fitness needs and offers a freemium model to all its users.

    1. It provides free access to diet and training tools, over 5000 healthy recipes, live fitness sessions with experts, Q&A with coaches, and connects users to a community of over three million members comprising fitness experts and enthusiasts.
    2. The users pay a small premium only when they require a personalized nutrition and exercise plan to reach their health and fitness goals. The customized plans are provided by one of Fittr’s 500 plus certified coaches, along with in-depth consultation calls as well as weekly check-ups on their progress via the app. Almost all of Fittr’s coaches come from the Fittr community and have their own stories of transformation.

    Fittr has packages starting from INR 6,500 for three months, and the fee depends on the trainer and the time period of the package. And this is where Fittr earns its revenues from.

    Fittr – Launch & Marketing Strategies

    In 2014 itself, understanding the different needs of a body, the founding team launched S.Q.U.A.T.S, a Facebook group based on the “Systematic Quantitative Unified Aesthetic Transformation System”. The group was started to help more people be a part of the fitness revolution with a safe space that is free of judgment.

    The Facebook community helped them, and others understand the specific requirements all of which can be addressed with Quantified Nutrition. They ran the community for free for 1-2 years. By the end of December 2015, the group had 50,000 people. What the team observed was that people wanted personal training. That’s when they realized that it is the human touch, mentorship, and accountability that people needed.

    Thus in 2016, they launched a website called SQUATS later rebranded as Fittr. It was modeled like an e-commerce platform for fitness, except, instead of products, there were fitness coaches. This strategy worked well for Fittr and helped it capture and retain its initial users. Fittr has grown 100% organically through word-of-mouth.

    The team has been working using this key mantra which has worked well for them, since the start of the company. What attracts Fittr’s customers are –

    • Quantifiable Results: Fittr’s unique methods and personalized approach are the game-changers that helps users achieve their fitness goals faster
    • Human Touch: Fittr’s experts and qualified coaches go the extra mile to help the customers
    • Community: Fittr makes sure that whoever enrolls is not alone in his/her journey. They can connect with other fitness enthusiasts, share stories, and get inspired through Fittr’s three million strong and inclusive community

    Fittr is a coach-led, community-first platform that consistently keeps on coming up with exciting fitness challenges and campaigns to keep its users engaged. Fittr’s flagship Transformation Challenge’s (TC) 14th edition was recently launched in August and as part of the same, it launched a digital campaign – #NoMoreExcuses to create further excitement amongst its users. The campaign’s aim was to urge people to drop all excuses, stop procrastinating and embark on their fitness journey to become a fitter and better version of themselves. As part of #NoMoreExcuses, Fittr conceptualized ad films highlighting how conveniently excuses act as obstacles for people who are taking their first step towards a fitter life.

    Fittr’s Digital Campaign #NoMoreExcuses

    Transformation Challenge is Fittr’s flagship recurring event that aims to encourage fitness enthusiasts to transform their lives and be a better and healthier version by competing with themselves. It not only aims to encourage people to push boundaries and begin their fitness journeys but also intends to inculcate the fact that fitness is a journey in which one competes with his own self and not anyone else. It also stresses building a sense of discipline, consistency, and diligence in them to achieve their fitness goals. The challenge requires contestants to share a video every week in the specified format to showcase their week-on-week progress for 12 weeks. The participants are evaluated on multiple factors such as muscle gain, fat loss, and consistency from the past transformation challenges.

    Fittr – Challenges Faced

    Whenever you start a business, you experience your own share of ups and downs, face challenges and struggles but never stop hustling. Fittr went through the same phase. Initially, when the team was putting the foundation of Fittr, many people didn’t understand the business model nor did they think that fitness and health was a big enough market to address.

    The founders were advised to launch or endorse complementary products or even use advertisements to monetize their community. Promoting products would be a hypocritical stance which they didn’t want to take. However, their fundamental philosophy is to democratize fitness and show everyone how accessible fitness is. Also, the community they have built has been done so with the utmost commitment to quality and scientific-based knowledge. It took some time but following one’s own ethics has allowed them to build up a reputation as a trusted fitness brand and has led to the growth of Fittr’s community.

    Fittr – Growth and Stats

    Fittr is a community-first, coach-led brand headquartered in Pune. With a three million strong and inclusive community, the company has trained and transformed over 220,000 people and 30% of its user base is global, spread across the US, UK, Australia, UAE, Canada, and now North America and Singapore. In FY21, Fittr crossed 65,000 paid users and created employment opportunities for 500+ coaches.

    Fittr has grown 100% organically through word-of-mouth and based on the transformation results shared by members via the Facebook community and app. In the past three years, the company has seen massive YOY growth.

    • FY19 to FY20 (YoY Growth) = ~22%
    • FY20 to FY21 (YoY Growth) = ~80%

    The company focuses on democratizing fitness and has recently launched personal training/ coaching service on its platform and has recorded a ~20% MoM growth.

    The company recently crossed USD 10 million in annualized booking run-rate and in FY 21, achieved gross bookings of USD 9.3 million (approximately INR 68 crores) to become one of the world’s largest community-based fitness brands. The current ARR stands at USD 15 million.

    Fittr – Funding and Investors

    Fittr has raised a total funding of USD 13.5 Million to date. Its most recent series A round was led by Dream Capital and Elysian Park Ventures for USD 11.5 Mn.

    Fittr’s funding details are as follows:

    Date Stage Amount Investors
    April 2020 Pre-series A USD 2 Mn Sequoia Surge
    September 2021 Series A USD 11.5 Mn Dream Capital, Elysian Park Ventures

    Fittr – Advisors/Mentors

    • Mr. Rajan Anandan, MD, Sequoia Capital & Surge (Rapid Scale-up Program for Early-stage start-ups in India, SEA)
    • Aditya Khosla, Co-founder & CTO at Path AI

    Fittr – Acquisitions/Mergers

    As part of Fittr’s commitment towards building meaningful communities while enabling it to scale up its reach to a larger audience, the company recently acquired a minority stake in Wylo, an interest-based social networking platform, and had earlier also invested in Fitato, a gym aggregator platform.

    Fittr – Recognition and Achievements

    Fittr as a company has grown tremendously and has been recognized by investors, organizations and have also been accoladed with awards for its unique business model and company’s vision of democratizing fitness.

    • June 2017- Awarded “Best Fitness Company in Pune” by Merit Awards and Market Research
    • May 2019- Bollywood actor Suniel Shetty became the strategic investor of the startup
    • November 2019- A US-based seed accelerator program, Y Combinator (Winter 2020), selected Fittr
    • April 2020- Fittr raised funds in pre-Series A funding round from Sequoia Surge
    • September 2021- Fittr raised USD 11.5 million in a Series A funding round co-led by Dream Capital and Elysian Park Ventures

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    Fittr – Future Plans

    As part of Fittr’s next phase of growth, the company aims to enter the list of start-up unicorns and become the leading global social platform and marketplace for fitness coaching by educating and inspiring people to get fit. Along with strengthening and expanding the core services further, Fittr aims to create employment for 1,000+ coaches in the next 12-18 months. As a long-term goal, the team is working to make 50 million people fit and create 100,000 meaningful career opportunities in the fitness industry.

    Fittr – FAQs

    What is Fittr?

    Fittr is a tech-enabled community-first health and fitness platform started with an aim to provide science-backed health and fitness knowledge to its users. The platform encourages people to begin their fitness journey with science-backed knowledge.

    Who founded Fittr?

    Jitendra Chouksey (CEO), Jyoti Dabas, Rohit Chattopadhyay, Bala Krishna Reddy, and Sonal Singh are the founding members of Fittr.

    How does Fittr make money?

    Fittr offers a freemium model to all its users.

    1. Free access to diet and training tools, over 5000 healthy recipes, live fitness sessions with experts, Q&A with coaches, and connects users to a community of over 3Mn members comprising fitness experts & enthusiasts.
    2. The users pay a small premium only when they require a personalized nutrition and exercise plan to reach their health and fitness goals. It has packages starting from INR 6,500 for three months.

    How much funding has Fittr raised?  

    Fittr has raised a total funding of USD 13.5 Million to date. Its most recent series A round was led by Dream Capital and Elysian Park Ventures for USD 11.5 Mn.

  • Instacart Startup Story – Delivering Groceries Instantly

    Company Profile is an initiative by StartupTalky to publish verified information on different startups and organizations. The content in this post has been approved by Instacart.

    Instacart is a supermarket delivery and pick-up service based in the United States and Canada. A website and a smartphone app are used to provide services. Customers can order groceries from participating stores and have a personal shopper do the shopping for them according to their will. Founded by Apoorva Mehta, Max Mullen and Brandon Leonardo in 2012.

    The CEO and Co-founder of Instacart, Apoorva Mehta founded 20 businesses in the early 2010s, including a social network for lawyers and an ad network for gaming firms, as part of a surge of entrepreneurial spirit. Mehta developed the method, which targeted his former employer, using his background as an Amazon supply chain engineer.

    Know more about the Instacart Startup Story, its business model, revenue, competitors, funding, investors & more in the post ahead.

    Instacart – Company Highlights

    Startup Name Instacart
    Owner Maplebear Inc
    Headquarters San Francisco, California, US
    Industry Grocery Delivery, Retail
    Founders Apoorva Mehta, Max Mullen, Brandon Leonardo
    Founded 2012
    Current CEO Apoorva Mehta
    Revenue $1.5 billion (2020)
    Total Funding $2.41 billion
    Valuation $39 billion (2021)
    Website instacart.com

    About Instacart and How it Works?
    Instacart – Recent News
    Instacart – Name, Logo and Tagline
    Instacart – Founder and History
    Instacart – Mission and Vision
    Instacart – Partners
    Instacart – Business Model and Revenue Model
    Instacart – Revenue and Growth
    Instacart – Funding and Investors
    Instacart – Acquisitions
    Instacart – Competitors
    Instacart – Challenges Faced
    Instacart – Future Plans
    Instacart – FAQs

    Instacart – Recent News

    March 2021 – Instacart, a US grocery delivery service, is considering going public through a direct listing, fearful of missing out on money through a typical initial public offering (IPO).

    Instacart will become the latest company to forego an initial public offering (IPO), which has been the primary route to a stock market launch for decades, because it risks selling the offering too low in comparison to where its shares end up trading. A direct listing occurs when a company goes public without first raising funds via a stock sale.

    About Instacart and How it Works?

    Instacart Inc. is a corporation that provides same-day grocery delivery services. Customers can order groceries from a variety of retailers through an online application portal and have them delivered by personal shoppers. Customers in the United States can use Instacart.

    Food and household essentials are sourced from a variety of local stores by the company. Customers can place orders from several stores at once and receive same-day delivery.

    In terms of their own implementation, Instacart has a nice app that makes ordering and reordering favorite products easy. Customer service is excellent; they go out of their way to ensure that the customer is satisfied. Instacart has been been refining features/processes for dealing with product substitutions, shopper mistakes, and promoting tipping.


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    Instacart – Name, Logo and Tagline

    Instacart is a same-day grocery delivery service that promises delivery in as little as one hour, or in other words, instantly. The business, which currently focuses on delivering groceries and household essentials, plans to expand into other verticals in the near future.

    Instacart Success Story
    Instacart logo

    Instacart’s slogan, “groceries delivered in an hour,” is all too common in today’s world, which expects everything to be available with a tap on a smartphone.

    Instacart – Founder and History

    Instacart was founded in 2012 by Apoorva Mehta, a former Amazon.com employee and entrepreneur and his friends, Max Mullen and Brandon Leonardo.

    Instacart' s Founders
    Instacart Founders – Apoorva Mehta, Max Mullen, Brandon Leonardo.

    Apoorva was born in India and immigrated to Canada with his family in the year 2000. He earned his bachelor’s degree in engineering from the University of Waterloo in 2008. He was a part of the Summer 2012 batch of Y Combinator, which contributed to the launch of Instacart.

    Instacart began operations in San Francisco. The company had around 200 employees by April 2015. It implemented a new policy in June that allowed certain shoppers to opt to work part-time, beginning with Chicago and Boston and then expanding to Atlanta, Miami, and Washington, D.C. the following month.

    Instacart – Mission and Vision

    “Our goal is to build a world where everyone has access to the food they love and more time to enjoy it together,” says Instacart’s mission statement. Instacart aims to be the service to ‘deliver your groceries within an hour’.

    Instacart – Partners

    Albertsons, ALDI, Costco, CVS, Kroger, Loblaw, Publix, Sam’s Club, Sprouts, and Wegmans are only a few of the national and regional stores that Instacart works with. Customers love the Instacart marketplace, which has over 300 stores and trusted local grocers.


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    Instacart – Business Model and Revenue Model

    Instacart uses a shared economy-based business model to offer hyper-local on-demand grocery delivery by linking consumers with personal shoppers. Instacart does not own a grocery store; instead, it serves as a marketplace for grocery stores to sell their wares.

    Customers can use the mobile app to choose their preferred grocery store, browse through grocery items, add quantity, and confirm their order. The shoppers are self-employed or part-time Instacart employees who obtain the order, shop for the products requested by the customer, and deliver them to their door. Customers pay using the app and receive their goods without having to leave the house.

    Instacart makes money from the companies’ distribution and placement fees.

    Instacart – Revenue and Growth

    • Instacart reportedly generated $1.5 billion revenue in 2020, with $35 billion worth of sales
    • During the coronavirus pandemic, Instacart hit its first profitable month, netting $10 million
    • Instacart has an estimated 9.6 million active users and over 500,000 shoppers who pick up the items
    • In March 2021, Instacart was valued at $39 billion

    Although Instacart does not release usage figures, in the first half of 2020, it added 300,000 more “shoppers,” or riders who pick up and deliver groceries. It employed fewer than 100,000 people at the end of 2019. With $35 billion in grocery sales in 2020, it will employ 350,000 more people.


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    Instacart – Funding and Investors

    Instacart has raised a total funding of approximately $2.41 Billion from investors like Tiger Global Management, DST Global, Sequoia Capital, Coatue among others.

    As of March 2021, Instacart is considering going public through a direct listing, fearful of missing out on money through a typical initial public offering (IPO).

    Here is the Instacart Funding details –

    Date Round Amount Lead Investors
    Mar 2, 2021 Venture Round $265M Andreessen Horowitz, D1 Capital Partners, Fidelity Management and Research Company, Sequoia Capital, T. Rowe Price
    Oct 8, 2020 Venture Round $200M D1 Capital Partners, Valiant Peregrine Fund
    Jul 3, 2020 Private Equity Round $100M T. Rowe Price
    Jun 11, 2020 Venture Round $225M DST Global, General Catalyst
    Nov 15, 2018 Series F $271M Tiger Global Management
    Oct 16, 2018 Series F $600M D1 Capital Partners
    Apr 5, 2018 Series E $150M Coatue
    Feb 12, 2018 Series E $200M Coatue
    Mar 8, 2017 Series D $400M Sequoia Capital
    Mar 10, 2016 Funding Round Whole Foods Market


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    Instacart – Acquisitions

    Instacart has acquired 3 companies to date which are – MightySignal, Unata and Wedding Party. The deal amount of the transactions were undisclosed.

    Instacart’s Acquisitions details are as follows-

    Acquiree Name About Acquiree Date
    MightySignal A mobile application index that enables businesses to make sense of data patterns generated by mobile app companies. Nov 5, 2018
    Unata A platform that provides Omni-commerce for retailers, connecting digital touchpoints to personalize shoppers’ experiences. Jan 16, 2018
    Wedding Party An app that collects wedding photos from guests and provides updates on the wedding details. Aug 4, 2015


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    Instacart – Competitors

    Amazon Fresh (which uses the Webvan model), Google Shopping Express, and others are competitors (non-perishable items at the moment). Amazon and Google are also well-known brands with deep pockets. Uber Rush may be able to penetrate this market. Uber Eats, Munchery, Blue Apron, Plated, and Hello Fresh are all meal delivery services that compete with Instacart.

    Instacart – Challenges Faced

    • Dependencies on grocery store participation
    • Fierce competitors
    • Process standardization

    Flipkart Online Shopping – Latest News, Subsidiaries, Owner, Business Model
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    Instacart – Future Plans

    Instacart is making several big improvements to its business model as part of its plan to help grocers own the digital food future. As part of its effort to boost grocery e-commerce for its retailer partners, the organization is investing its capital in a variety of new ways.

    Investing in helping retailers achieve greater operational efficiencies through e-commerce, enhancing customer service, and further scaling its technological teams to better meet the increased customer demand for food delivery and pickup are just a few of them.

    The business believes the industry should concentrate on delighting consumers, and that aim was a guiding principle when it increased its customer service team from 1,200 to 18,000 agents early in the pandemic. Late deliveries, missing products, incorrect item substitutions, and out-of-stocks are common complaints among grocery e-commerce customers which the company has taken care of.

    Instacart – FAQs

    What does Instacart do?

    Instacart Inc. is a corporation that provides same-day grocery delivery services based in the United States.

    Who founded Instacart?

    Instacart was founded in 2012 by Apoorva Mehta, a former Amazon.com employee and entrepreneur.

    What companies do Instacart compete with?

    Amazon Fresh (which uses the Webvan model), Google Shopping Express, and others are competitors (non-perishable items at the moment). Amazon and Google are also well-known brands with deep pockets. Uber Rush may be able to penetrate this market.

    How does Instacart make money?

    Instacart uses a shared economy-based business model to offer hyper-local on-demand grocery delivery by linking consumers with personal shoppers. Instacart does not own a grocery store; instead, it serves as a marketplace for grocery stores to sell their wares.

  • Rajan Anandan: Former VP at Google and Angel Investor

    Rajan Anandan is an Indian businessman, who served as the Vice President of Google India. His took up the role of Managing Director of Google across India and South East Asia in August, 2011. He co-founded the first seed fund of Sri Lanka. Currently, he serves as the Managing Director of Sequoia Capital India. Prior to all these, he also held leadership roles with the well known firms Microsoft and Dell. Rajan was also a partner with McKinsey & Co. He is also an Angel Investor in early stage startups.

    Rajan Anandan- Personal Life
    Rajan Anandan- Education
    Rajan Anandan- Professional Life
    Rajan Anandan- Google
    Rajan Anandan- Angel Investor
    Rajan Anandan- Sequoia Capital
    Rajan Anandan- Recent Facts

    Rajan Anandan- Biography

    Name Rajan Anandan
    Born 1966
    Birthplace New Delhi, India
    Age 54 (2020)
    Nationality Indian
    Education Massachusetts Institute of Technology; Stanford University
    Profession Businessman, Investor, Executive
    Position Managing Director at Sequoia Capital
    Net worth INR. 70 Crores (2020)
    Parents V.S Kumar Anandan
    Marital Status Married
    Children 2

    Rajan Anandan- Personal Life

    Rajan Anandan was born in 1966 in New Delhi, India. He lived in India for a short while and moved to the USA for higher studies. He was a bright student and displayed an interest in the technology development field. He is married and has two children. He loves to read books and play Golf.

    Rajan Anandan

    Rajan Anandan- Education

    The Rajan Anandan education resume is filled with very prestigious colleges abroad. He completed his primary education from a private school in New Delhi, India. He then moved to USA and pursued a BSc. in Mechanical Engineering from Massachusetts Institute of Technology. He further studied Msc. in Manufacturing and System Engineering from Stanford University.

    Rajan Anandan- Professional Life

    Rajan Anandan is a businessman, Angel Investor and Executive from New Delhi. He provided support to varied startups as an Angel Investor. He partnered with McKinsey firm from 1992-2003. He eventually gained a good knowledge and experience of the corporate world.

    He served as the General Manager and Vice President at Silicon Valley based, Dell Inc. Country during 2001-2008. Post 2008, he worked for two years as the Managing Director at Microsoft India.

    He then worked for Google India and looked after the Google operations across South Asian Businesses from 2011-2019. He gave up his job at Google India and joined venture capital organisation, the Silicon Valley-based, Sequoia Capital in 2019.


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    Rajan Anandan- Google

    Google Logo

    Rajan Anadan started his job at Google in 2011. He managed to build an internet ecosystem for Google. His leadership and entrepreneurial zeal helped him to raise overall internet ecosystem in India. He drove more growth to Google India and revamped the internet ecosystem for the organisation. After contributing for eight years, he ended his position of President at Google Asia Pacific in April, 2019 and Vikas Agnihotri replaced him on the intern role as the Managing Director.

    Rajan Anandan- Angel Investor

    Rajan Anandan has invested on various startups such as, Bangalore-based online lingerie venture Buttercups, Pregbuddy, Druva, Capillary Technologies, Unacademy, TravelKhana, EasyGov., Instamojo, WebEngage, BOV Capital and more. He has invested and gave support to around 80 start-ups until now. He is planning to invest $1.5 million in startups of South Asian countries.

    | Companies invested by Rajan |
    |—|—|
    | Rapido |
    | Pregbuddy |
    | Druva |
    | InnovAccer |
    | Little Black Book Delhi (LBB) |
    | Unacademy |
    | Dunzo |
    | Zenatix |
    | WebEngage |
    | Instamojo |
    | CroFarm |
    | LetsVenture |
    | Indifi Technologies |
    | POPxo |
    | Mypoolin |
    | Mapmygenome |
    | Leflair |
    | MyUpchar |
    | SocialCops |
    | ButterCups |
    | Inclove |
    | TravelKhana.Com |
    | Appknox |
    | Lucideus |
    | InstaLively |
    | Dataweave |
    | Wishberry |
    | AppViralty Inc Explara |
    | Frrole |
    | Avaz |
    | Omnify Inc |
    | Karza Technologies |
    | STREAM.com |
    | Smytten |
    | HashLearn |
    | Plackal-Maya |
    | Threadsol Pvt. Lmd. Software |
    | IOK Labs Inc. |
    | Social Blood |
    | Inc. Aurality |
    | Ciafo |
    | Innov8 Coworking |
    | Dazo |
    | Freshtohome |
    | Fulfil.IO Inc. |
    | Chaska |
    | Monsoon CreditTech |
    | EasyGov |
    | MyShaadi.in |
    | Smartcooky. |
    | Capillary Technologies |
    | WebEngage |
    | BOV Capital |


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    Rajan Anandan- Sequoia Capital

    Sequoia Logo

    Rajan Anandan joined the funding task through Sequoia Capital India, which is a non-profit organisation. He is the Managing Director at Sequoia Capital. He basically acts as an investment advisor and mentor to the world’s top scale-up program ‘Surge’ for startups. Surge is a program for a rapid early progress for startups by providing access to capital, talent, network and company building knowledge. Rajan’s deep understanding of technology and experience in expanding the internet ecosystem will eventually raise the amount of acceptance among customers and businesses. This will advance innovation while building a multi-billion dollar business that continues to grow very fast.


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    Rajan Anandan- Recent Facts

    • Rajan came into the limelight in the year 2019, when he resigned his designation from Google India.
    • He is gradually building his profile as an Angel Investor.
    • Most recently, there was an investment of INR 100 Crore to BOV Capital by Rajan.
    • Rajan provided his major investments in TravelKhana, EasyGov, Instamojo, and WebEngage.
    • Moreover, Rajan mostly focuses on tech startups.
    • He usually posts various startup articles across various social media platforms.

    Frequently Asked Questions- FAQs

    What is Rajan Anandan net worth?

    The net worth of Rajan Anandan is estimated to be around INR 70 Crore.

    What is Rajan Anandan age?

    Rajan Anandan’s age is 54 years as of 2020.

    Is Rajan Anandan an angel investor in India?

    Currently, to help mentor new startups, Rajan Anandan is an angel investor in India.