Investments
12Portfolio Exits
3About Aayush Phumbhra
Aayush Phumbhra is Co-Founder and Senior Vice President of Chegg, where he is involved in the key strategic decisions with the current and future direction of the company. He leads logistics and infrastructure deployment and is largely responsible for scaling Chegg's supply chain to keep pace with its torrid growth. Inspired by his personal experience and frustration with his own university's bookstore, Aayush believes in the mission of Chegg: to enable college students to save a significant amount of money by letting them rent textbooks rather than buy them. Prior to the founding of Chegg, Aayush was an analyst at Wells Fargo Home Mortgage and a management and technology consultant at BearingPoint. Aayush holds a master of business administration in marketing and accounting from Iowa State University. Before moving to the United States in 2001, Aayush launched two companies, one of which introduced peanut butter and chocolate spreads to his native country, India.
Latest Aayush Phumbhra News
Feb 9, 2023
along with Accion Venture Lab and Titan Capital where existing investors WEH Ventures, All in Capital, and angel investors including Aayush Phumbhra from Chegg, Varun Alagh from Mamaearth and Srini from BigBasket, also participated. Magma is a business-to-business manufacturing platform that connects factories with raw materials, generates global demand, and provides supply chain services. Magma plans to use the new funds to expand its product offerings, business operations, and factory stack. It also intends to grow its team. The startup claims to have boarded over 80 factories to date and expects to generate an annualised GMV run rate of INR 150 Cr in fiscal year 2022-23. According to a Global data report, the country’s construction market size was pegged at $609.8 Bn in 2021. The industry is anticipated to achieve an average annual growth rate of more than 6% AGR during 2023-2026.
Aayush Phumbhra Investments
12 Investments
Aayush Phumbhra has made 12 investments. Their latest investment was in Magma as part of their Seed VC on February 2, 2023.

Aayush Phumbhra Investments Activity

Date | Round | Company | Amount | New? | Co-Investors | Sources |
---|---|---|---|---|---|---|
2/8/2023 | Seed VC | Magma | $3.3M | Yes | 4 | |
4/28/2022 | Seed | TravClan | $4.7M | Yes | 3 | |
3/10/2015 | Seed VC - III | Do | $2M | Yes | 2 | |
2/6/2014 | Series A - II | |||||
5/8/2013 | Series A |
Date | 2/8/2023 | 4/28/2022 | 3/10/2015 | 2/6/2014 | 5/8/2013 |
---|---|---|---|---|---|
Round | Seed VC | Seed | Seed VC - III | Series A - II | Series A |
Company | Magma | TravClan | Do | ||
Amount | $3.3M | $4.7M | $2M | ||
New? | Yes | Yes | Yes | ||
Co-Investors | |||||
Sources | 4 | 3 | 2 |
Aayush Phumbhra Portfolio Exits
3 Portfolio Exits
Aayush Phumbhra has 3 portfolio exits. Their latest portfolio exit was Clever on May 06, 2021.
Loading...