Venture Catalysts said on Tuesday that it has invested money in a customer interaction platform, Jumpstart.
Jumpstart gives the opportunity for local and small and micro businesses to enhance their online reviews and provide customer communication. The platform started in 2017 and helps location brands drive purchase decisions, brand visibility and customer experience.
The founders Raghav Soni and Qamar Siddiquie said that it helps businesses drive revenues through a three-pronged solution structure of online reviews, social commerce through location-based retargeting and online word of mouth and AI-powered customer interaction that enhances the level of customer engagement.
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The founder of Venture Catalysts, Dr Apoorv Sharma said, “Jumpstart, in its role as the facilitator of local enterprises develop a strong online presence to reach out to more consumers effectively, fits this role perfectly. It is led by two well-experienced founders and a skilled core team that knows the needs of different fast-growing consumer and B2B startups well.”
These incubators and accelerator programs are gaining traction in India, with US-based marquee accelerator program Y Combinator picking a record 15 companies from India this summer, a jump from its traditional 4-5 picks each year. While Y Combinator’s Indian portfolio includes online tax filing platform ClearTax and payment gateway RazorPay, globally it has been an early backer of home-sharing platform Airbnb and food delivery startup DoorDash among others.