It’s been a quarter of continued growth!
We and our portfolio made some significant progress. We spoke with four of our founders on their vision and approach to achieving customer success and released our first in-house video series, “Why Outcomes Matter”. In these videos, founders capture the what, why, when, and how of customer outcomes – and all of it establishes how vital customer outcomes are to building profitable and long-lasting businesses! That is our mantra and purpose behind building Enzia.
We’re also super stoked to announce that the Self-Reliant India (SRI) Fund under the Ministry of MSMEs, GoI, are official investors in Enzia! With their support, we will be able to continue funding promising early-stage MSMEs in healthcare, education, and environment.
In parallel, we have kept the momentum on building Enzia as much. We have expanded our Investment team, and our office in Bengaluru has started taking shape. We look forward to inviting you to our humble space soon. We also held our annual Founders’ Meet - a fun evening in Bengaluru teeming with ideas, conversations and new friendships.
Last but not the least, we also made a splash across the country through some superb coverage in India’s biggest English daily – The Times of India! Head to our ‘In the Media’ section to read about our journey and how Enzia came to be.
leap.club is now 8000+ members strong, and has recently launched learn with leap.club, a new initiative specifically focused on delivering unique, curated learnings for excelling at the workplace.Starting full-fledged on 1st July in three formats, namely small, peer-based groups, cohort-based courses and workshops - all virtual and live - learn with leap.club features some of the biggest leaders in the space such as Indra Nooyi, Faye D’souza, Roshan Abbas, Rashi Narang, Lulu Raghavan, Mayanti Langer etc. The initiative is largely for members, though to extend the opportunity to more women, leap.club has reserved 10-15% seats for non-members. For more information, visit any of the pages below:
iMumz has been going strong on its customer metrics; last quarter, they hit an 89% conversion rate, with more than a third of customers converting within the first two hours of install itself. Recently, iMumz also featured among the top 100 apps supported by Google Play with the Google Appscale Academy. The team got to interact with Google staff, mentors and other fellow entrepreneurs as the class of 2022 kicked off. Read more here and watch the launch of Class of 2022 here (begins at 08:16). For more information, visit any of the pages below:
ZenOnco.io has launched its own brand of medical cannabis and supplements to make high-quality herbs and nutraceuticals easily available to cancer patients in India. These medicines are one of the only few high-potency medicines dedicatedly made for cancer patients. 85%+ patients who have been taking these medicines consistently over the last 3 months have seen improvement in their quality of life. For more information, visit any of the pages below:
Kafqa’s active learners have quadrupled in the last quarter through the company's organic channels leveraging social media and content. Kafqa community now has 160k subscribers, 100+ instructors and 700K monthly views on 200+ exclusive content pieces. The company has also seen its customer acquisition costs shrink by 30% in the last quarter, and improved the product through better tools for assessment, instructor management, and training. For more information, visit any of the pages below:
CuriousJr has partnered with ACT, a non-profit venture philanthropy platform, to increase access and affordability of mobile-based coding lessons in vernacular languages across India. Under this partnership, ACT will provide funding, support on strategy and operations and mobilise its networks to help CuriousJr scale and accelerate the company’s networks in order to further increase their reach and impact in the interiors of the country.
The 2nd edition of its ‘All-India Coding Championship’ for children will be held in August 2022. Last year, the championship attracted 25,000+ students from all over the country and this year, the number of participants is slated to be even higher. Read about the CuriousJr-ACT partnership here and find out more about the championship here.
For more information, visit any of the pages below:
From designing the right product, to hiring + retaining the right time, to lowering CACs and increasing profitability – customer outcomes lie at the core of it all. Here’s how identifying and pursuing customer outcomes have helped our portfolio founders:
The nascent field of corporate carbon accounting is getting increasing attention from consumers and policymakers: what opportunities does this open for startups? Karuna Jain and Nikunj Bhimsaria explore. Click here to read the article.
Enzia hosted a dinner for its portfolio founders, both fund and angel syndicate, one summer evening in Bengaluru. It was a great opportunity for our founders to get introduced to each other, exchange ideas and perspectives, and forge new friendships within the ecosystem. A quick glimpse of the Meet:
Vir Chopra joined Enzia’s Investment team in May 2022. He has previously worked with Cyndx (USA) and Keiretsu Forum in their investment teams. He holds a BA in Math and Economics from New York University. He can be reached on LinkedIn or at email@example.com.
Shivam Jindal, who interned with us last year, has decided to return to the more entrepreneurial journey of building Enzia after completing a stint at Bain & Co. and can be reached at LinkedIn or at firstname.lastname@example.org.
Enzia’s story is one of a culmination of deep investing careers and enduring friendships. ToI unearths how it all began for us. Click here to find out.
In this interview to the AsiaTech Journal, our partner Karuna Jain dives into Enzia’s approach and philosophy of focusing on the purpose that drives the start-ups Enzia invests in. Check out the full interview here.
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Enzia Venture Partners