To expand their multi-stage VC platform, Venture Catalysts raised Rs 150 Cr
Venture Catalysts, a multi-stage venture investing platform, sold an equal number of primary and secondary shares to raise Rs 150 crore, or about $18 million.
According to a press release from Venture Catalysts, the money raised will be used to grow leadership teams, introduce new funds, and implement AI-enabled tools for reporting limited partners and conducting due diligence.
The company was valued at approximately $200 million post-money in the main transaction. The prices of secondary transactions between new and existing investors were set separately.
In addition to its venture capital arm, which establishes Category II AIFs with fund managers and institutional anchors, Venture Catalysts was founded in 2016 and conducts deal-by-deal syndication through angel alternative investment funds (AIFs).
Only the main investment in Venture Catalysts is included in the valuation figure; the funds it oversees are not.
Corporates, family offices, and public market investors participated in the round. The Shah Rukh Khan family office, Ashish Kacholia and group, Authum Investments, Aishwarya Rai, Hardik Patel of financial services company Finquest, Mukul Agarwal, Vinod Dugar, Utpal Seth, and business conglomerate LNB Group are among the new backers.
Founder-investors Aman Gupta (Boat), Ritesh Agarwal, Nirmit Parikh, and Srinath Ramakkrushnan, as well as current investors Radhakishan Damani, Kamal Agarwal, Enam Securities, and Capri Global.
Venture Catalysts oversees over $500 million in funds, of which $200 million was distributed through syndication from family offices, HNIs, and ultrahigh net worth individuals (UHNIs) over a nine-year period.
Elev8 Venture Partners, Spyre PropTech Venture Fund, Beams Fintech Fund, and 100 Unicorns are all part of VC’s present AIF portfolio. Including Renee Cosmetics, InsuranceDekho, BharatPe, Wiom, Zypp Electric, and Kissan Konnect, the platform has supported more than 400 businesses to date.
