This deck helped India’s Otipy raise series B money

ABOUT

Otipy is the first community group-buying platform for fresh produce in India. Since launching in 2020, the company said it has completed 5 million orders to over 400,000 customers and supported more than 10,000 farmers.

The startup was founded by Varun Khurana. Prior to Otipy, the exec served as chief technology officer at on-demand delivery service provider Grofers.

Otipy used this pitch deck to help it secure series B funding from investors like Susquehanna International Group and WestBridge Capital.

Fundraising journey

• 2020: US$1 million of seed funding from Inflection Point Ventures (IPV)
• 2021: US$10.2 million of series A funding from Omidyar Network India, Innoven Capital, IPV, Pravega Ventures, and FactorE
• 2022: US$32 million of series B funding led by WestBridge Capital with participation from Omidyar Network and Susquehanna International Group

How is the deck compelling?

• Otipy’s deck is concise and nicely designed with colorful contents.
• It begins with an observation of how the pandemic changed the global grocery industry at a time when the local sector in India was still dominated by the traditional market. This is where Otipy wants to chip in with its solutions.
• The deck also explains how Otipy will be able to solve common issues faced by online sellers of fresh produce.
• A team introduction slide is provided at the end of the deck.

SOURCE

Deck: Otipy