Bengaluru: Venture Catalysts, an India-based seed investment and innovation platform, secures $500,000 from Zaffiro Ventures. The company will use the fresh capital to expand its business in multiple cities of India within a span of three years. Besides, Venture Catalysts will also look forward to leverage its association with Zaffiro in order to mobiliselocal mentors and investorsand connect them to the global ideas developed by disruptive startups under incubation at Venture Catalysts.
Commenting on the occasion, Jagdish Gothi, Co-Founder, Zaffiro Ventures, says, “We have been fostering start-up growth at the grassroots by investing into promising student ventures. Our association with VCats is a reflection of the synergy of our visions. VCats has built a strong innovation platform with very deep understanding of the market and has several experts on the advisory board with trenchant know-how of the start-up sector. We will now look forward to integrate our efforts to mutually develop a comprehensive, well-rounded investment and support ecosystem within the country”.
Recently, Venture Catalysts expanded its operations in Surat. The firm will establish its physical presence to five cities by the end of this year and by the next two years itaims to expand its operations in five more cities. Venture Catalystsalso plans to start the end-to-end start-up investment and support ecosystem in the country’s tier I and tier II cities. Venture Catalyst was co-founded by Dr Apoorv Ranjan Sharma, Gaurav Jian, Anuj Golecha and Anil Jain in 2015 and is currently headquartered in Mumbai. As of now, Venture Catalysts has nearly 600 angel investors and plans to add 100 more angels within few months. The company provides services, funding, community and space to all sectors but prefers companies mostly dealing with virtual reality, e-Commerce, artificial intelligence, IoT and many more.
“Our aim, ever since our launch, has been to support and augment the growth of promising start-ups across the country. The investment from Zaffiro will not only help us in expanding to multiple cities across India and promote entrepreneurship beyond the metropolitan and tier-I geographies, but will also allow us to access industry insights and business acumen gained by individuals such as Revathi Roy and Jagdish Gothi. This will add great value to our business approach and allow us to reach newer heights,” opines Dr Apoorv.