After a phenomenally successful run in the country, India’s seed investment and innovation platform, Venture Catalysts, has decided to extend its reach beyond the domestic business ecosphere and go global. In its effort to provide investment and bolster innovation amongst entrepreneurial businesses sprouting the world over, Venture Catalysts will look to enter the markets of Hong Kong, the GCC countries, Japan, Singapore and the USA. Data analysts at VCats have already started an initial market research of these high-growth markets, and have engaged in positive discussions with some large global partners.
Recently, in the Nasscom-Zinnov Start-up report titled ‘Indian Startup Ecosystem Maturing – 2016, it was reported that the Indian start-up ecosystem ranked third in the entire world, and was poised to grow by more than 2.2X to reach a colossal figure of more than 10,500 start-ups by 2020. VCats has played a critical role in nurturing this robust landscape. Now it hopes to contribute from the other end of the spectrum by bringing in technical and business know-how for Indian organizations from international companies to let the entrepreneurial environment thrive and function with greater zest.
Venture Catalysts emerged as the leading investment and innovation driver for Indian start-ups with a huge business potential. It has already invested in 20 successful Indian start-ups such as SIFTR, an online photo intelligence company which helps creative professionals and individuals discover aesthetically appealing work and publish one’s own efforts in an uncomplicated way. Through its in house deep-learning based technology stack, SIFTR has changed the way millennials enjoy photos online. Furthermore, platforms such as ConfirmTkt – Indian Railyways’ PNR status prediction platform, LenDen Club-which provides short-term personal loans for salaried borrowers- INC42, CoutLoot, Beardo and most recently, the branded adventure based travel camp Deyor Camps, have also found a strong investor and mentor in Venture Catalysts. Through its global expansion, VCats will be able to provide its portfolio companies in India access to market entry, mentors, and investors from across the world in order to expand their exposure and business opportunities.
Speaking on the plan, Dr. Apoorv Ranjan Sharma, Co-Founder and President, Venture Catalysts, said, “We at VCats were planning for a considerable amount of time to expand our offerings globally and extend our support to the wonderful innovations happening across the world. After gaining experience from investing in 20 Indian start-ups employed in different industries and offering an assortment of products and services, we have started observing the markets of 5 specific regions in great detail. We felt that it was high-time to establish ourselves as a global investment player emerging out of the Indian start-up ecosphere.”
Commenting on the new beginning, Anuj Golecha, Co-Founder, Venture Catalysts said, “Opportunity to explore newer markets, understanding the business process in these regions, access to vital technical knowledge and valued mentorship of global investors, these are just some of the reasons why VCats is now looking to expand globally. Through this effort, we are also trying to further consolidate India’s position as the leading light of the global start-up phenomenon while bolstering innovation and entrepreneurship on a much larger, worldwide scale.”
India’s most innovation friendly investment platform-Venture Catalysts-has over the years invested in start-ups belonging to completely different segments-from Artificial intelligence to men’s grooming products. With a global canvas in the offing, Venture Catalysts’ discerning eye will undoubtedly extend its helping hand to the start-ups that need, and deserve, it the most.