Venture Catalysts to raise Rs100 crore

The firm has taken inspiration from all-encompassing business incubators like US-based Plug and Play, described as Silicon Valley in a box

Bengaluru: Venture Catalysts Pvt Ltd on Monday said it is raising 100 crore to invest in at least 20 start-ups in the next year.

India has few angel investors compared with the US and China, and this firm looks to address that gap by bringing together wealthy individuals from various fields to invest 75 lakh to 1.5 crore in each start-up.

The firm has taken inspiration from all-encompassing business incubators like US-based Plug and Play, described as Silicon Valley in a box.

It plans to be different from existing incubators by offering select start-ups support, including providing working space, financial advice, mentoring, specialised business coaching, start-up events, technology, business and financial audits.

Venture Catalysts has leased space in Mumbai that can accommodate their investee start-ups, which would be operational from 16 January.

The firm declined to comment on the number of investments it has made, and the start-ups it is screening, although it said it was going to be sector-agnostic and support the start-ups for one year.

“This was designed to suit the challenges that Indian entrepreneurs face. When you have everything in one stop or one place, you can get best returns from them. And that’s why this is a platform, and not a stand-alone entity," said Apoorv Ranjan, co-founder, Venture Catalaysts, a doctorate in incubation and early stage investment from Amity University.

The other founders are Anil Jain, co-founder, Wallfort Financial Services Ltd, an institutional stock-broking firm, Anuj Golecha, partner, Banshi Jain & Associates, and Gaurav Jain, who worked with Reliance Pvt. Equity.

Close