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Investments

2

About Ritesh Veera

Ritesh Veera is an EIR at IDEO.

Ritesh Veera Headquarters Location

Cambridge, Massachusetts,

United States

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Latest Ritesh Veera News

BoxMySpace Raises Seed Funding From Farooq Oomerbhoy, Singapore Angel Networks And Ritesh Veera

Jul 14, 2015

Venture Capital | 14 July 2015 BoxMySpace Raises Seed Funding From Farooq Oomerbhoy, Singapore Angel Networks And Ritesh Veera by Dhruv Goda   @dhruv Mumbai based Physical storage solutions provider BoxMySpace has raised R1.92 Cr worth seed funding from Farooq Oomerbhoy, the CoFounder of Orios Venture Partners, Singapore Angel Network and Ritesh Veera. The funds will be utilized to foray into cities like Hyderabad, Bengaluru and Delhi apart from Pune, Nasik and Nagpur which it added to its tally recently. BoxMySpace provides storage at the customer’s doorstep. To avail service one has to order boxes online and Boxmyspace gets them dropped off at their convenience. Customers can get their boxes back anytime and anywhere within 24 hours with just few simple clicks online. The whole process of ordering for boxes, pickup and calling it back is done through its app. The 6 month old startup has already served over 100 customers and has over 500 boxes stored in its facility. Similar entrants in the US like MakeSpace and BoxBee have raised $10 Mn and $7 Mn respectively along with BoxFul in HongKong has recently raised $8 Mn. As per a survey by OLX, the total value of used storage goods in urban India is R22000 Cr. Update: Budget Hotel Chain Oyo Rooms Secures Funding Gurgaon based Oravel Stays Private Limited which operates OYO Rooms, a marketplace of branded budget hotels, has secured R635 Cr ($100 Mn) in a round led by Japan’s SoftBank Corp along with a few existing investors including Sequoia Capital, valuing the company at around R2,500 Cr ($400 Mn). HCL Technologies Limited To Purchase Assets Of Trygstad Technical Services Inc HCL Technologies, which is India’s fourth largest software services firm has entered into a definitive agreement to acquire certain assets of US based IT consulting services & solutions firm Trygstad Technical Services Inc in an all cash deal. The financial details of the deal remain undisclosed.

Ritesh Veera Investments

2 Investments

Ritesh Veera has made 2 investments. Their latest investment was in BoxMySpace as part of their Seed on July 7, 2015.

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Ritesh Veera Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

7/14/2015

Seed

BoxMySpace

$0.3M

Yes

5

4/22/2012

Seed VC

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0

Date

7/14/2015

4/22/2012

Round

Seed

Seed VC

Company

BoxMySpace

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Amount

$0.3M

New?

Yes

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Co-Investors

Sources

5

0

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