Mumbai-based startup incubator: Venture Catalysts To Launch $100 Mn Growth Fund

• ByStartupStory     |    April 22, 2022

Venture Catalysts, the Mumbai-based startup incubator plans to launch a new growth-stage fund. Venture Catalysts will be raising $100 Mn for this fund, according to people aware of the development.

To invest in growth-stage startups in sectors, including D2C,  logistics, edtech, among others, Venture Catalysts will utilise the fund. It is expected that the average cheque size be $5 Mn and above. 

 Co-founder of Venture Catalysts and 9Unicorns, Dr. Apoorva Rajan Sharma denied commenting on the development.

Venture Catalysts, founded by Dr Apporva Ranjan Sharma and Anuj Golecha, is an integrated incubator that normally invests about $200 K to $2 Mn in early-stage startups. With participation from family offices, HNIs, and CXOs, the investments are syndicated.

To have invested in more than $500 Mn in 200 startups has been claimed by the Mumbai-based incubator. In seven countries, it has its presence and a portfolio of more than $4 Bn.  

About 60 successful exits from startups such as BharatPe,  Rooter, Reliance-backed Fynd, and Pee Safe has also been made by the startup incubator.

In 207 deals it had participated and invested in 178 new startups in 2021. In 2022, to invest over $100 Mn in early-stage startups has been planned by it. 

The other major funds backing growth-stage funding of startups are 3one4 Capital,  Kalaari Capital, Accel Partners, Chiratae Ventures, Sequoia Capital, and Sixth Sense Ventures . 

Around $8.1 Bn was infused last year in 342 Indian growth-stage startups attracted by external investors.

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