Welcome to the 70th edition of the Geeks Of The Valley (GOTV) Newsletter, where we curate interesting early-stage startups (Series A and earlier) every week. If you enjoy and want to keep abreast with insights and interesting early-stage startups before they go big, subscribe to this newsletter ✌️.

Geeks of the week

Startup Name: Tez (Raising. Please reach out for introduction)

Geography: India

One-liner: B2C Grocery for Tier 2+ India.

Tractions:

• Within 7 months of pilot launch and bootstrapped, making ~$400k in annualized GMV.

• AOV $28 and generating net profits from 3rd month.

• Retention 65% on average.

• Live in 1 city now and expansion to 15 cities in pipeline (around Central India region)

Some interesting insights from the founder on grocery verticals can be found below:

• Does Unit Economics make sense for Kirana Franchises / Chains?

• Group Buying / Social Commerce in Grocery.

• What’s the long-term play for QCommerce players? Consolidation or complete shut down?

Startup Name: Termgrid

Geography: UK

One-liner: End-to-End SaaS platform for private capital markets.

Founder(s) Background: Co-founder at Farview Equity Partners (Growth investor in SaaS companies in Europe), Investor at Providence Equity Partners, Co-founder / CTO at Link3D (acquired by Materialise - global leader in 3D printing solutions).

Startup Name: Pledge

Geography: UK

One-liner: Climate infrastructure for today's economy.

Founder(s) Background: International Expansion, Head of Data Science and Analytics, Head of Wealth and Trading at Revolut, CTO at Freetrade ($100m+ raised).

Founders building in stealth

• 2nd robotics engineer at Ripcord (Kleiner Perkins-backed, Series B).

• Engineering Group Lead at Palantir.

• Investor at Bloomberg Beta.

• Co-founder at SkyRyse ($200m+ raised, Fidelity and Venrock-backed).

• Director of Engineering / Head of Autonomy at Lyft.

Insight, Idea & Trend