Venture Catalysts plans to invest $108 million in Indian startups in 2022
Venture Catalysts, an early-stage startup investor, wants to invest $108 million (about Rs 824 crore) in about 300 firms by 2022. The Venture Catalysts organisation, founded in 2016 by Apoorva Ranjan Sharma, Anil Jain, Anuj Golecha, and Gaurav Jain, closed 207 agreements in 2021 and invested in 178 individual firms.In a statement, Apoorva Ranjan Sharma, cofounder and president of Venture Catalysts Group, said, “In 2022, we want to invest $108 million and are targeting 300 distinct start-ups.”
“We will continue to invest in industries such as FinTech, EduTech, AgriTech, FMCG, ecommerce, logistics, and supply chain management,” Sharma said. “We predict D2C and DeepTech to dominate in 2022, with many of these businesses emerging from small towns.”
Sequoia Surge, DSG Consumer Partners, Nexus Venture Partners, Lightspeed Ventures, Matrix Partners, and other early-stage and angel investors like Astarc Ventures, Earlsfield Capital, Anicut Capital, Titan Capital, and others co-invest with the sector-agnostic group.
Small-town companies make about 15% of the group’s entire portfolio, including Silvassa-based peanut butter company MyFitness, Panaji-based Numadic, Lucknow-based IGP.com and Keeros, and Bhopal-based Agrigator, among others.
“The pandemic has generated numerous service delivery gaps, which startups are filling. We see a significant blue-ocean opportunity in investing in startups in their early stages of development. Given the level of investment, valuations assist us in realizing profitable exits, resulting in a multifold increase in our company’s growth “Sharma stated his opinion.
The group claims to be in the top ten most active accelerators and incubators in the world for the second year in a row, having surpassed well-known accelerators such as Techstars, Bpifrance, 500 Global, and SOSV, and is currently only behind YCombinator.BluSmart, Dukaan, Klub, Melorra, Kala Gato, Mitron TV, Rage Coffee, Power Gummies, Coutloot, Prescinto, Resolve AI, Toch, Zingbus, RoundLabs, and Stage are among Venture Catalysts’ investments during the year.
“In 2021, Venture Catalysts saw 62 total exits and liquidity events, unaffected by the pandemic’s ongoing socio-economic crises. BharatPe remains the year’s most successful exit, with 80 times returns, as well as other notable exits such as Dukaan, ImpactGuru, and Rooter “According to the statement.
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