India’s preliminary Growth Fintech Fund venture Catalysts initiates Beams Fintech

• ByStartupStory     |    January 30, 2022

incubator Adventure Catalysts has inaugurated its alternate fund, Shafts FinTech Fund (Beams) to concentrate on growth-stage investments in the financial services and technology space.

With a target size of$ 100 million, Shafts plans to invest$ 8 million-$ 10 million in growth stages, Series B and C rounds of fintech companies, and make a concentrated portfolio of a dozen fintech companies. The founding platoon was formerly in the advanced stages of its first close.

Shafts are Venture Catalysts Second fund after 9 Unicorns, a$ 100 million early-stage sector-agnostic accelerator fund.

Beams is co-based via way of means of fintech veterans Sagar Agarwal and Dr. Apoorva Ranjan Sharma, Anuj Golecha, Anil Jain, and Gaurav Jain. Naveen Surya, Chairman of the Fintech Convergence Council and Founder of ItzCash (now EbixInc), has been roped in because the fintech professional partner (non-executive) as a part of the center founding team.

With a founder-first approach, Beams has a targeted approach of imparting founders with capital and atmosphere guide to construct massive a hit fintech groups. It might offer a community of neighborhood and global banks, coverage groups, NBFCs, fintech brands, mentors, and advisors to now no longer handiest get entry to capital at lower-priced costs however additionally to expedite the go-to-marketplace approach of its portfolio groups in India and abroad. In addition, Beams might additionally offer to get entry to VCATs 250+ portfolio groups and 195+ corporates for partnerships thru Incubate Hub.

“Fintech is ingesting a more and more large slice of the software program pie. We are in fintech 3. zero proper now in India, with the primary wave of lending and bills groups having obtained an extensive quantity of capital and now the capital is transferring throughout segments. Seasoned specialists and great founders are transferring out from large companies to goal more recent classes to remedy the lengthy tail

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