India: Ace angel investor Mohandas Pai puts money in product customisation platform Gingercrush

TV Mohandas Pai, Head of Aarin Capital Partners.

Gujarat-based Gingercrush, a licensed product-customisation platform, has raised an undisclosed amount in funding from former Infosys board member TV Mohandas Pai.

With this, Pai also joins Gingercrush’s team as an advisor. He will mentor the founding team and senior management of the start-up to strengthen the organisational leadership and set the company up for strong and responsible growth.

“The company fits Mohandas Pai’s thesis that the next wave of the Internet will be about consumers expressing themselves,” Gingercrush said in a statement.

Gingercrush offers an on demand retail platform where one can instantly shop, create or customize products to personal style and taste.

“A big question in the future of  brand value growth is how to engage the new generation of consumers that are coming of age. Today’s consumers want to feel closer to the brands whose work they enjoy,” Pai said in a statement.

“A product customization platform like Gingercrush makes the relationship of the individual with the brand that much more intimate, and I believe this helps brands deliver new dimensions of affinity and helps the best brands to stand out,” Pai added.

Founded earlier this year by Rajvi Makol and Saumya Nidhi, Gingercrush also houses thousands of digital images from brands and community of sellers comprising artists, photographers, designers and creative consumers.

The startup raised $1 million in a seed round led by Gokul Jaykrishna and Brand Capital, an investment arm of Bennett Coleman and Company Ltd in July.

“We’re very excited about Mr Pai joining us as an advisor to the board. We shall stand to benefit enormously from his mentorship, experience, and guidance,” Makol, CEO of Gingercrush said.

Pai has been very active with investing in start-ups this year. Between January and September, he invested in nine startups including participation in a $2 million round in Zimmber, the online handyman service, and a $400,000 round with other investors in Ressy, a restaurant discount app.

Also Read: 

Mohandas Pai, Ratan Tata & Kunal Bahl are India’s top angel investors in 2015

Mohandas Pai’s Aarin Capital invests in Faircent

LetsVenture gets Series A in Accel-led round; Kunal Bahl, Rishad Premji, Nandan Nilekani, Mohandas Pai too invest

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.