# Satvacart Innovative Concepts Pvt

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/satvacart-innovative-concepts-pvt

- Industry: Retail
- Headquarters: Gurgaon, India
- Website: www.satvacart.com
- Total disclosed funding: $1.8M
- Latest round: Angel (Nov 6, 2015)
- Investors on record: 1

## About

Satvacart Innovative Concepts Pvt Ltd. is an online grocery supermarket providing rapid home delivery services, focusing on convenience and a wide variety of products to meet consumer needs.Founded in 2015, Satvacart Innovative Concepts Pvt Ltd. operates as an online grocery platform based in Gurgaon, India. The company was co-founded by Deepika Saxena, who has a history of entrepreneurial ventures. Satvacart has successfully raised funding in six deals, with the latest being an Angel round in December 2021, securing USD 1.80 mn from Palaash Ventures, bringing the total amount raised to USD 1.80 mn.Satvacart operates as an online grocery supermarket specializing in rapid home delivery services, promising delivery within 30 minutes. The platform offers a wide array of products, including fresh fruits, vegetables, kitchen staples, dairy products, and personal care items. Their catalog includes groceries categorized into South Indian cuisine, organic foods, beverages, bakery items, and health products, catering to urban consumers in India, particularly in Gurgaon.In the most recent fiscal year, Satvacart reported a revenue of USD 0 mn and an EBITDA of USD -10,594.6 for the year 2023.Following their most recent funding round in December 2021, Satvacart plans to utilize the funding to establish 100 clusters across Mumbai, Bangalore, and Noida within the next 18 months. This expansion aligns with their strategy to tap into new markets and enhance service delivery to a broader customer base.

## Funding rounds

- Angel, Nov 6, 2015, $1.8M — Palaash Ventures
- Seed, Jul 14, 2015 — Palaash Ventures

## Investors

- Palaash Ventures (https://capitalatlas.ai/funds/palaash-ventures) — Seed, Angel