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India's first and largest integrated incubator platform, Venture Catalysts, brought down the curtains in 2017 in a powerful fashion by emerging as the largest angel investor network.
They closed 33 deals during the entire year.
Venture Catalysts, which currently has a massive investor grid comprising 3000 investors, generated a total of Rs 315.75 crores in 2017, out of which Rs 177.45 crores were raised during funding rounds and Rs 138.3 crores in the subsequent rounds.
When compared to 2016, the company managed to achieve 10X growth during the year.
"The growth story of Venture Catalysts has been a quintessential feature of India's start-up journey, and our emergence as the year's largest investor network has further strengthened the trust of the entire investor ecosphere in our network and capabilities," said co-founder and president, Venture Catalysts, Dr Apoorv Ranjan Sharma.
"This year, we have associated with 20-30 investors who are new to the angel investment segment, and have trusted Venture Catalysts due to its international acclaim and a perennially expanding investor network," he added.
While the year 2016 saw Venture Catalysts investing in three start-ups from tier-II cities in India including Beardo and DSYH from Ahmedabad and AppSay from Pune, 2017 saw four such early-stage start-ups benefit from the network.
These include InnerSense from Ahmedabad, IGP from Lucknow as well as Idea Insurance and Chai Break from Kolkata.
(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)