Sixth Sense Ventures has invested an undisclosed amount in oral care products maker JHS Svendgaard, while hotel bookings app SavvyMob has received funds from Aarin Capital, a venture capital firm founded by former Infosys director TV Mohandas Pai and Manipal Group scion Ranjan Pai, among others.
Sixth Sense invests in oral care firm JHS Svendgaard
Publicly-listed JHS works with large FMCG brands such as Dabur, Patanjali and Amway, and claims to have the ability to fulfil nearly 7% and 15% of toothpaste and toothbrush demand respectively. The company has undertaken contract manufacturing for 25 brands including large MNCs so far and has also launched its own oral care portfolio under the brand “Aquawhite”.
“Oral care in India is almost a duopoly and begs for innovation. We believe that there is a huge pent up demand for a disrupter in the category and our belief is that given its operational capabilities and a meaningful understanding of the consumer behaviour, future product launches under Aquawhite will open up the space for JHS,” said Nikhil Vora, founder & CEO of Sixth Sense Ventures.
The Indian oral care industry is pegged at $2 billion currently (growing at 10% p.a), with less than 18% Indians brushing twice a day.
“Apart from servicing the contract manufacturing needs of some of the top brands in India, JHS would also be working to creating a strong niche brand of JHS in oral care category,” said Nikhil Nanda, founder and CEO of JHS Svendgaard.
SavvyMob gets funds from Aarin Capital, others
On-demand mobile marketplace for hotel bookings SavvyMob has received an undisclosed amount in seed funding led by Aarin Capital, a venture capital firm founded by former Infosys director TV Mohandas Pai and Manipal Group scion Ranjan Pai, according to a statement.
A bunch of angel investors from online funding raising platform LetsVenture also participated in the funding round.
The money will be used by SavvyMob to ramp up operations and hire new talent. The startup also plans to add on-demand hotel inventory of over 5,000 hotels across 100 cities in the next few months.
SavvyMob was founded by Bikram Sohal along with Gappan Annamalai, his former colleague at media technology company AOL, three years ago. Currently, the startup offers services in about 50 cities.
“With growing smartphone user base in India, SavvyMob is in a great position to be the go-to last minute hotel booking partner for SMEs and independent travellers. Strong relationships with hotels and a strong technology platform make SavvyMob a leading aspirant in this space,” said Pai.