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Gujarat News

13 Apr 2018

When Mumbai-based Venture Catalysts launched itself as India’s first seed investment and innovation platform in December 2015, the idea was to improve the ‘Innovation Quotient’ in India. Two years down the line, in 2017, the early stage investment firm managed to close over 33 investments worth $49.5 Mn (INR 315 Cr), about 10 times the investments that they had made in 2016. Dr. Apoorv Ranjan Sharma, co-founder and President Venture Catalysts, stated that “This has become possible as India, as a startup nation, is at an inflexion point.” The co-founder of Venture Catalysts also claimed, “The entire ecosystem is poised on the brink of a major transformation. High Net Worth Individuals (HNIs) from Tier II and Tier III cities are becoming increasingly involved within the entrepreneurial landscape as angel investors, closely mirroring the startup investment trends in the US. Only 3% of US citizens were investing in startups in 1980 but the numbers increased to 49% by 1999. This was the time when many unicorns including Amazon emerged in the US.”