Over the next five years, the US-based venture capital firm General Catalyst intends to invest $5 billion in India.The plan was revealed by the company at the India AI Impact Summit in New Delhi.
According to Hemant Taneja, CEO of General Catalyst, the investment will be distributed among industries like industrial technology, healthcare, fintech, artificial intelligence, and defense. Additionally, he stated that the company intends to assist in the establishment of new businesses in India.
Compared to General Catalyst’s previous exposure to India, the $5 billion commitment is a significant increase. After purchasing Venture Highway, an early-stage venture capital firm, the company joined the Indian market in 2023. Prior to the acquisition, Venture Highway had backed several Indian startups at the seed and early stages.
According to media outlets, General Catalyst currently has a portfolio of Indian companies that includes Zepto, PB Health, Raphe mPhibr, and Jeh Aerospace. Through its global funds, the company has made investments at both early and growth stages.
Media reported that Taneja stated that the expanded focus was primarily due to India’s talent pool and digital public infrastructure. He added that as the company builds businesses in the area, it will collaborate closely with founders and institutions.
The announcement coincides with the outlining of significant capital plans for India in the infrastructure and technology sectors by a number of domestic and international investors.
