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Venture Capital
secocha.com

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Investments

12

Portfolio Exits

1

About Secocha Ventures

Secocha Ventures focuses on Consumer Products & Services, Healthcare & Fintech companies. Most companies we look at are post-revenue, or have creatively proven Product Market Fit.

Secocha Ventures Headquarter Location

18851 NE 29th Ave, Suite 700

Miami, Florida, 33180,

United States

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Latest Secocha Ventures News

10club scores $40 Mn in seed round from Fireside Ventures and others

Jun 29, 2021

10club has raised $40 million in its seed round co-led by Fireside Ventures and an undisclosed investor active in the space. The round also saw participation from HeyDay, PDS international, Class 5 Global, Secocha Ventures, boAt founders Aman Gupta and Sameer Mehta and several other global strategic investors. The funding will primarily be used for expanding its portfolio of brands, investing in building its technology stack, and for working capital purposes, said the company in a press statement. Based on the model of Thrasio, Perch and Branded, 10club acquires and scales third-party brands that sell on e-commerce marketplaces such as Amazon, Flipkart and Nykaa. Founded by Bhavna Suresh, Deepak Nair and Joel Ayala, 10Club claims to have engaged with hundreds of sellers across specific product categories. According to the startup, it has signed LOIs worth $15 million and will push to operate these businesses in the coming weeks. 10Club is the fourth startup in this space to raise funds in 2021. Earlier this year, Powerhouse91 and most recently Mensa Brands and Evenflow raised their maiden funding rounds. Besides these companies, FirstCry is in the last leg to raise $75 million from SoftBank, TPG Capital, ChrysCapital and Premji Invest to mirror Thrasio. Goat Brands Labs, a similar startup launched by former Flipkart’s executive Rishi Vasudev, was reportedly in talks to raise about $20 million in its first round. 10Club has become the largest seed-funded startup in India, leaving behind startups such as Acko, CRED and INDmoney behind by a significant margin. Acko, CRED and INDmoney had raised $30 million each in their seed rounds. The top 10 list includes Jupiter, Uni, EpiFi, Velocity, Mosaic Wellness and Loco. On Monday, video game streaming platform Loco had raised $9 million in its seed round led by Krafton, the distributor of PUBG in India and Lumikai.

Secocha Ventures Investments

12 Investments

Secocha Ventures has made 12 investments. Their latest investment was in 10club as part of their Seed VC on June 6, 2021.

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Secocha Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

6/29/2021

Seed VC

10club

$40M

Yes

Aman Gupta, Class 5 Global, Fireside Ventures, Heyday, PDS International, and Sameer Mehta

7

6/24/2021

Series A

Bling

$11.94M

Yes

Bpifrance, Goodwater Capital, and Undisclosed Angel Investors

6

2/10/2021

Series A

Powder

$14M

Yes

Alven Capital, Bpifrance, General Catalyst, Kevin Hartz, Serena Capital, Slow Ventures, and Turner Novak

3

1/26/2021

Seed VC

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$99M

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10

1/20/2021

Series A

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$99M

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10

Date

6/29/2021

6/24/2021

2/10/2021

1/26/2021

1/20/2021

Round

Seed VC

Series A

Series A

Seed VC

Series A

Company

10club

Bling

Powder

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Amount

$40M

$11.94M

$14M

$99M

$99M

New?

Yes

Yes

Yes

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Co-Investors

Aman Gupta, Class 5 Global, Fireside Ventures, Heyday, PDS International, and Sameer Mehta

Bpifrance, Goodwater Capital, and Undisclosed Angel Investors

Alven Capital, Bpifrance, General Catalyst, Kevin Hartz, Serena Capital, Slow Ventures, and Turner Novak

Sources

7

6

3

10

10

Secocha Ventures Portfolio Exits

1 Portfolio Exit

Secocha Ventures has 1 portfolio exit. Their latest portfolio exit was Ambrosia on October 22, 2020.

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

10/22/2020

Acquired

1

Date

10/22/2020

Exit

Acquired

Companies

Valuation

Acquirer

Sources

1

Secocha Ventures Team

1 Team Member

Secocha Ventures has 1 team member, including current Managing Partner, Sanket Parekh.

Name

Work History

Title

Status

Sanket Parekh

Managing Partner

Current

Name

Sanket Parekh

Work History

Title

Managing Partner

Status

Current

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