Jodhpur Based YearBook Canvas Raises Rs 2 Cr from Scale Ventures at Rs 7.5 Cr Valuation
Scale Ventures, a SEBI approved Alternate Investment Fund Category I, based in Pune is led by Rahul Narvekar and Nilesh Rathi.
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In the small but growing entrepreneurial ecosystem of Jodhpur, one of the leading startups, Yearbook Canvas co-founded by Sushil Sharma, Devesh Rakhecha and Suraj Goyal has raised Rs 2 crore led by Scale Ventures at a valuation of Rs 7.5 crore. Scale Ventures, a SEBI approved Alternate Investment Fund Category I, based in Pune is led by Rahul Narvekar and Nilesh Rathi.
Yearbook Canvas, an early stage startup providing a self-publishing platform for college and university students to publish yearbooks commemorating their years in college, already has 100+ Tier 1 and A + institutes as paying clients, globally with likes of IIM, IIT, ISB, XLRI, Symbiosis Institute of Business Management, BITS, INSEAD, Lancaster University and many more in their kitty. Having published more than 100,000 yearbooks, Sushil recalls the journey “Having worked closely with Educational institutions and also with the network opening up through India Network and Rahul, the outreach has increased exponentially and we are now shifting gears.”
With growing interest in education-tech and with constant push from Sushil to bring mentors and investors to Jodhpur, Rahul has seen him persevere to build the startup ecosystem in this tier-2 town “My belief in YearBook and it’s success only became solidified not just because of Sushil’s relentless efforts and chase to get mentors and investors like us to Jodhpur but also what was evident was the jump in the valuation within 7 months from Rs 30 Lakhs to Rs 7.5 crore.”
The round has been closed with investments coming in from many more prominent names and veterans from the Marwar region like Ankur Mishra - a committed educator and a dynamic corporate leader also a very known face in Polo; Dr. Vikas Balia - an eminent name in the legal fraternity, also Managing Partner at Legalsphere and Director at Edelweiss Asset Reconstruction Company Ltd; Hemant Bothra - Vice President with Morgan Stanley, Hong Kong and Manish Khatri, a first generation entrepreneur from Barmer doing INR 100 + Crore turnover annually.
Sushil Sharma and Rahul Narvekar are now joining hands to create Marwari Catalysts, a community of students, entrepreneurs and investors from the Marwar region to harness the acumen of the old economy business community to create and support new age ventures.