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Venture Catalysts targets Rs 100 crore crowd funding

The new fund aims to invest in about 15-20 start-ups every year

BS Reporter  |  Chennai 

Venture Catalysts targets Rs 100 crore crowd funding

The VC fund Venture Catalysts, Seed & Innovation Platform. The founders are targeting Rs 100 crore crowd funds that will drive a seed stage

Founders of the includes Apoorv Ranjan Sharma (Former Executive - IAN, VN), Anil Jain (Co-founder, Wallfort Financial Services Ltd.: One of the largest institutional broking firms of India), Anuj Golecha (Angel Investor & Partner, Banshi Jain & Associates) and Gaurav Jain, (Former Executive, Reliance PE, Stanford Grad).

Sharma commented that the early stage sector in India is disorganised and in need of an urgent revival to match with the pace at which the ecosystem is growing.

"has been launched as am attempt to revitalise the angel investment landscape by bringing HNIs to actively participate in the growth while at the same time also provide start-ups with a comprehensive umbrella network for all their venture's requirements.

Be it funding, technology, infrastructural and logistics support, mentoring, industry connections or scaling-up, VCats will provide the most tailored solutions for all needs with its unique, integrated, innovation-driven platform."

"We are targeting Rs 100 crore crowd funds that will drive a seed stage investment of Rs 75 lakh to Rs 1.5 crore per venture. We will initially invest in about 15-20 start-ups on an annual basis before rapidly increasing the scale of our operations to a much higher number."

In order to provide comprehensive single-point start-up solutions, incorporates various verticals such as Start-ups, Mentors, Seed & Angel Investors, Venture Capital & Private Equity, Investment Banking Services, Co-working space, Accelerators/Incubators, OEMS/Vendors, Technology Enablers, Co-founders & Technologists, Business Coaching with specialised domain expertise, Start-up Events & Media, Researchers, Traction & Data Analysts, Global Access & Exposure, Tech/Business/Financial Audit and connections to enhance business. VCats will also be introducing a new breed of Angel investors called Catalysts, who will enable investments and investors.

With the launch of its services, VCats will now be looking at incorporating 800-1000 active angels within its network, with plans to expand the network to 10,000+ early-stage investors, according to company's release.

First Published: Mon, December 14 2015. 13:18 IST