Marwari Catalysts’ Portfolio startups receive Rs. 1.5 crore from government programs
- ByStartupStory | July 18, 2022
Marwari Catalyst is actively collaborating with the state’s flagship programme for fostering innovation, generating employment, and facilitating investment, iStart Rajasthan, which is run by the Department of Information Technology and Communications (DoIT&C). The accelerator is currently in the news once more after a handful of its portfolio companies raised Rs. 1.5 crore from state and federal startup facilitation programmes.
More than 1700 firms have been approved by iStart Rajasthan, which has supported 300+ startups with more than 9.5 Cr since August 2021, creating over 20,000 job possibilities. In order to foster entrepreneurship in Jodhpur, Marwari Catalysts in collaboration with iStart are expected to perform a democratising and enabling function.
It has been serving as a link between investors and companies, essentially creating a special structure for startups that has assisted entrepreneurs in obtaining funding and achieving lucrative multi-million dollar exits. In India, the state and federal governments are establishing a vibrant, cooperative ecosystem that makes it simple to access high-potential markets, funding, workplaces, and essential technology.
Sushil Sharma, Founder & CEO of Marwari Catalysts stated, “India is at the ideal stage for startups, and MCats as an accelerator has always made its efforts towards offering an efficient environment to transition early-stage businesses into market-ready solutions. With this most recent funding, the government today strongly validates our entrepreneurs, and with initiatives like these from the state and federal governments, our startup ecosystem will develop faster than ever in the foreseeable future.”
About Marwari Catalyst’s :
Marwari Catalysts, the country’s fastest-growing accelerator, has always been essential in creating the startup environment. It is allowing startups from many industries and regions to seamlessly realise their vision, which is tying the pieces of the startup ecosystem together.
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