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Venture Catalysts emerges as the largest angel investor in 2017

ANI  |  New Delhi [India] 

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 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 has further strengthened the of the entire investor ecosphere in our network and capabilities," said co-founder and president, Venture Catalysts, Dr

"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 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 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.)

First Published: Fri, December 29 2017. 19:05 IST