New Delhi, July 23, 2016: In another major development that underlines its commitment to nurture start-up growth in the country, Venture Catalysts, India’s first seed investment and innovation platform, has announced its entry into Delhi/NCR through a strategic tie-up with Edge Tech Ventures, a Delhi-based start-up innovation platform.The partnership will enable Venture Catalysts in extending its proprietary start-up enablement platform to upcoming ventures in the region.
Venture Catalysts’ latest expansion is being heralded as a game-changing development by entrepreneurs and investors from the region, as it will give the start-up landscape in the Delhi/NCR region a big boost. The Delhi foray follows close on the heels of VCats’ recent expansion into Surat, and underlines its mission to create a high-quality, end-to-end support and investment ecosystem across the country.
Speaking on the Delhi launch, Dr. Apoorv Ranjan Sharma, Co-founder, Venture Catalysts, said, “The Delhi/NCR region is a hotbed for start-up activity and has emerged as the second largest hub for start-ups in India. Our decision to expand our operations into Delhi is a part of our long-term strategy to establish a comprehensive start-up support infrastructure across the country. While we will be looking forward to more such expansions in the near future, we will also like to invite other start-up enablers to participate in this revolution and establish India’s position as the start-up capital of the world. We are also aiming to mobilise investors and catalysts locally in order to facilitate greater opportunities for mentoring, funds and networking for start-ups.”
By enabling key aspects such as investment, business networking, co-working, mentoring and technological expertise for emerging start-ups across the country, Venture Catalysts will be aiming to boost the growth of Delhi/NCR-based ventures and assist them in achieving success.
VCats’ Delhi will be assisted by Mr.Sameer Rastogi, Mr. GaganGhai, Mr. Amarjeet Pahwa and Mr.Yogesh Bansal.
Sameer Rastogi, Managing Partner, India Juris, a top tier full service International Law Firm dealing with many Fortune 500 companies. He has vast experience in assisting and advising start-ups, angel investors, PE Funds, VC Funds, foreign investors, Accelerators, Incubators, E-Cells, and academic institutions on various corporate, legal and regulatory aspects of Investment transactions, technology transfer and Intellectual Property.
GaganGhai, Partner,Crest Capital Advisors has got deep experience in business valuation &enhancement, strategic rethinking, and coaching companies for growth from startups to mid-corporate.
AmarjeetPahwa, Partner, Crest Capital Advisors, has got deep expertise in risk management, business process improvement, and automation (ERP) for growing companies including startups and have rich experience from working with companies like ITC, NESTLE, Union Carbide etc.
Anuj Golecha, Co-founder, Venture Catalysts,added, “While the country’s start-up landscape holds a lot of potential, there is a need for a dedicated end-to-end solution provider that aids ventures in their growth, as can be demonstrated by the recent challenges faced by the hyperlocal segment. Through strategic partnerships with leading global and national players such as Cox and Kings, Axis bank and Plug and Play, we will be looking to enable key start-up solutions such as investment, mentoring, business networking, co-working facilities and technological solutions. The end-goal is to support the Central Government’s Startup India Action Plan and create jobs and wealth for the country.”
Sameer Rastogi, Chief Advisor,Venture Catalysts Delhi,added, “The idea is not just about providing financial backing to the start-up space but also to nurture promising ventures and equip them with the tools required to expand on not just a national, but also on a global level. Venture Catalysts has already established its proposition as the fastest growing seed investment and innovation platform in the country.As such, its entry in Delhi/NCR will only serve to unlock greater growth possibilities for start-ups in the capital.”
Having enabled over nine investments worth more than $1.5 million in six months of its operations, VCatsis now looking to take forward its impressive performance by expanding into more geographies and create a country-wide nexus of start-ups, investors, enablers and growth facilitators.The platform will also be aiming to mobilise local HNIs and investors onto a national platform and seeks to enable financial and business-related assistance into at least 30 start-ups within the first year of its operations.
Corporate Comm India (CCI Newswire)