Y Combinator-Backed Leapclub.in Raises Undisclosed Seed Funding
The round also saw participation from prominent angels including Kunal Shah of CRED, Arjun Sethi of Tribe Capital, Nipun Mehra of UIa, BukuWarung founders, Pramodh Rai, Prasad Matti Rao, Vaibhav Bhargava amongst others.
Leapclub.in, the startup that is bringing farmer’s markets online, has raised undisclosed seed investment from Venture Catalyst and prominent US investors like Goodwater Capital, Pareto Holdings, Sequoia Scout Fund, Soma Ventures & Miti Ventures. The round also saw participation from prominent angels including Kunal Shah of CRED, Arjun Sethi of Tribe Capital, Nipun Mehra of UIa, BukuWarung founders, Pramodh Rai, Prasad Matti Rao, Vaibhav Bhargava amongst others.
The healthy grocery delivery startup will deploy the funds towards scaling up its operations in Delhi NCR and strengthen its product offering.
Founded by IIT Delhi alumni Divish Gupta and Shubham Bansal, the company was also part of the Y Combinator’s winter 2021 batch. Leapclub.in allows customers to order fresh, healthy, pesticide & preservative free food from carefully vetted producers and get it delivered within 12 hours of harvesting or baking. This gives families a wide range of assortment including organic fruits, sourdough breads, artisanal cheese, dips, healthy snacks and A2 milk to shop from. The startup is currently servicing families in Delhi, Gurgaon and Noida.
Commenting on the fundraising, Shubham Bansal, co-founder of Leapclub.in said, “People are increasingly realising the need to eat healthy. But as a consumer it is very hard to identify and source truly healthy products at an affordable price. Even the products that are usually labelled healthy almost always have preservatives, additives, hidden sugars or are made from ingredients that are grown using pesticides. We believe at Leap Club we can leverage technology to bring fresh healthy groceries and guide consumers to make choices that are good for them and the planet. We are super excited to have received the trust of such reputed investors who believe in our mission.”
“It is not about getting the cheapest groceries fast but about bringing food that is nourishing to our dinner tables.” adds Divish.
Leapclub.in is building a WhatsApp first shopping experience to make it extremely easy for its users to switch to healthier groceries. The startup has recently launched subscriptions which can easily be managed over WhatsApp. These subscriptions are completely flexible, wherein customers can skip a week, pause their subscription or try a different variety everytime. To top it, on-subscribing customers can often save upto 50% on their purchases.
Addressing the vision for the funding, Dr. Apoorva Ranjan Sharma, President, and Co-founder, Venture Catalysts, said: “India Inc.’s growth story is being written by young innovators who are disrupting the ecosystem to provide hyper customised solutions to customers. As per RedSeer Consulting Report, India’s food and grocery market is expected to reach $790 billion by 2024. There is immense potential and a substantial demand for fresh and pesticide-free produce due to growing health concerns. We are positive that LeapClub with its enthusiastic leadership team in Shubham and Divish would play a pivotal role in this trajectory.”
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