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Angel Investor (Individual)

Investments

12

Portfolio Exits

3

About 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.

Headquarters Location

Santa Clara, California,

United States

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Latest Aayush Phumbhra News

B2B manufacturing platform Magma raised $3.3 million in seed led by General Catalyst

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.

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Aayush Phumbhra Investments Activity

investments chart

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

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$99M

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10

5/8/2013

Series A

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$99M

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10

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

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Amount

$3.3M

$4.7M

$2M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Sources

4

3

2

10

10

Aayush Phumbhra Portfolio Exits

3 Portfolio Exits

Aayush Phumbhra has 3 portfolio exits. Their latest portfolio exit was Clever on May 06, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

5/6/2021

Acquired

$99M

11

3/8/2017

Acquired

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$99M

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10

3/4/2015

Acquired

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$99M

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10

Date

5/6/2021

3/8/2017

3/4/2015

Exit

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

11

10

10

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