News Update

Startup ecosystem enabler, Marwari Catalysts to raise $ 10 Million at a valuation of $90 Million

• ByStartupStory     |    May 3, 2022

India’s leading startup ecosystem enabler, Marwari Catalysts, plans to raise $ 10M at a valuation of USD 90Million, with active participation from existing and new shareholders Yogesh Chaudhary (Founder – Jaipur Rugs), Nitin Sethi (CDO – Adani Group), Sandeep Gulati (CEO – South Asia and MD – India at Egis), Ashutosh Gehlot (Promotor, OS Ford), Manish Singhvi (CFO – Marlabs Inc.) Anil Malhotra (CEO – H & M Indonesia) and Ankur Mishra (Director – Central Academy), the company said in a statement.

The company plans to use the funds to accelerate the progress towards a digital and self-reliant India, reinforce the current portfolio, and enable global reach. Marwari will utilize the fresh funds to engage with growth-stage startups more while at the same time also offering mentorship and peripheral services.

The strategic concept or idea behind the fundraising is to strengthen the accelerator’s position as a market leader as they further plan to expand their offerings globally, and as a startup advisory firm, they will continue to help young entrepreneurs with the right mix of capital, know-how, and networks to build enduring businesses.

Accelerator’s main purpose is to make the startups investor-ready, and that’s why even the Family Funds/Angel Networks/VCs look forward to partnering with accelerated startups.

Marwari Catalysts has built a portfolio of more than 40+ startup companies since the year 2019 and is always on the quest to seek companies that are providing innovative solutions, capturing new markets, and creating new wealth for India and beyond. After the fundraising, the company aspires to be a 100+ startup portfolio company.

Sushil Sharma, Founder, and CEO of Marwari Catalysts, talking about what birthed the company, said, “The main idea behind launching Marwari Catalysts was to provide a strong accelerator network and build India’s most founder and investor-friendly ecosystem as we believe that the main game relies on the founding teams and the founders. So, today as we enter the next stage of our evolution, we feel that the financing milestone will be a testimony to our journey of disruption and innovation”.

 

Follow Startup Story