Venture Catalysts, the seed investment & innovation platform, has announced a seed investment into Don’t Scratch Your Head (DSYH).
Don’t Scratch Your Head is a SaaS-based logistics reconciliation platform for e-commerce channels that is led by Gaurav Singhvi, Managing Partner, VCats Surat and Mumbai-based Zaffiro Ventures
The investment comes close in the heels of VCats’ physical expansion into Surat and marks its first investment in a Gujarat based company.
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. DSYH allows sellers associated with multiple marketplaces to reconcile accounts, payments, returned orders, promotional amounts through a single, consolidated window. By doing so 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.
“We, at Venture Catalysts, have always been on the lookout for disruptive start-ups that are solving global problems through localised solutions. DSYH, with its innovative SaaS-based platform, has been developing a first-of-a-kind technology to identify and address the real-time logistics reconciliation challenges of Indian e-commerce sellers. Moreover, with an energetic, enthusiastic and experienced team at the helm of its operations, the venture is well poised to create a huge market impact with its product. We are confident that our investment will allow DSYH to evolve to the next stage of its growth as it looks to build better engagement systems for the entire e-commerce seller ecosystem,” said Dr.Apoorv Ranjan Sharma, Co-founder, Venture Catalysts, speaking on the investment.
