Numbers, it is said, do not lie. And if the latest numbers are anything to go by, then Venture Catalysts, India’s leading & fastest growing seed investment and innovation platform, has well and truly established itself as a frontrunner in the country’s early stage investment landscape. The platform has facilitated investments to the tune of $3 million in 15 start-ups nationally over the past one year, underlining its commitment to providing support to the country’s start-up landscape.
What is more impressive, however, is the creation of a more interconnected, holistic start-up community across the country – comprising entrepreneurs, investors, enablers and growth facilitators – that has been undertaken by VCats.By launching two regional offices in the cities of Surat and Raipur in addition to its offices in Mumbai and Delhi/NCR, the platform has become the first angel network to mobilise start-ups and investors in emerging tier-2 and tier-3 markets.This focus on nurturing entrepreneurship across geographies has also assisted VCats in emerging as the country’s largest angel network community within just 12 months of its operations and having more than 2000 investors associated with it.
Speaking on the announcement, Dr. Apoorv Ranjan Sharma, Co-founder, Venture Catalysts, said, “Venture Catalysts was established with one goal in mind – to provide adequate infrastructural and financial support to the country’s growing start-up landscape. Our performance in our 1st year of launch in 2016 is a proof of our commitment to the vision of making India the start-up hub of the world and of nurturing globally successful Indian ventures from the ground up. We will look forward to building on our impressive success in the future, and venture into 8-10 more cities in 2017.”
The ticket size of the investments enabled by VCats, the diversity in the expertise of its investee start-ups, and their operational scale is also quite extraordinary. The platform facilitated seed funding in the region of $100,000 to $0.5 million into promising early-stage and mid-stage ventures across a range of high-growth sectors such as e-commerce, fintech, artificial intelligence, and logistics etc. This made VCats the first angel network to have such a diverse portfolio of investee companies to its name.
“The need of the hour, for the Indian start-up ecosystem is not just more investors, but more ‘smart’ investors. It needs greater involvement from industry experts, established businessmen and HNIs as investors and mentors in order to guide the growth journey of the emerging wave of entrepreneurs and to equip them with the knowledge and resources that are needed to succeed. VCats, with its focus on creating a holistic start-up support ecosystem, has been doing just that, facilitating investments into some very promising ventures and industry segments. We are confident that our investee start-ups are well-positioned for success, not just in India, but on a global scale,” added Dr. Ranjan.
Having received more than 3,000 startup applications in the last 12 months from around India, Venture Catalysts has well and truly established itself as a premier start-up enablement platform which assists upcoming ventures with investment, business networking, co-working, mentoring and technological expertise. The platform has strategic partnerships with leading global and national players in order to create a high-quality, end-to-end support and investment ecosystem in India.