Venture Catalysts has backed 14 startups from Jan, with investments of upto $2 mn

Venture Catalysts has backed 14 startups from Jan, with investments of upto $2 mn
Photo Credit: 123RF.com
20 May, 2020

Mumbai headquartered integrated incubator Venture Catalysts has invested in 14 startups since the beginning of this year.

It invested between $500,000 and $2 million in startups including edtech platform Qin1, health supplements company Power Gummies, insurance dispute redressal platform Insurance Samadhan and sports engagement platform rooter.io, as per a statement.

Startups such as fintech platform Nupay, automation company Skilancer, helmet maker Altor and fintech startup GetVantage also raised funds from Venture Catalysts, it said.

“Venture Catalysts is committed to supporting the startup ecosystem even during the unprecedented Covid-19 crisis. We thank our community of angels for their continuous support even during these tough times. I look forward to building unicorns of tomorrow together,” Apoorva Ranjan Sharma, president and co-founder, Venture Catalysts, said. 

Listen: Anuj Golecha on why it’s business as usual at Venture Catalysts amidst the lockdown

Set up in 2016 by Apoorv Ranjan Sharma, Anil Jain, Anuj Golecha and Gaurav Jain, Venture Catalysts’ portfolio includes companies such as fashion etailer Fynd, grooming products startup Beardo, health and wellness brand PeeSafe and co-working space provider Innov8.

Last year, it invested $70 million in 63 companies, including online retailer for kids clothing Cub McPaws, healthtech company WonDRx, deep tech computer vision startup peAR, Mumbai-based Global eSports and artificial intelligence-driven content startup Instoried.  

Last year in August, it launched FamilyOffice, a network to connect startups with family-owned business houses and big corporates. The company said it would play the role of a facilitator, extending support in identification, curation, diligence and post-investment procedures.

Comment(s)