Venture Catalysts, a Seed investment platform launched its Mumbai arm recently. The platform unveiled by Chief Minister Maharashtra Devendra Fadnavis. The seed investment and innovation platform aim to provide comprehensive solutions to start-ups through the company’s vast angel network, venture fund, co-working facility and its invaluable post-investment support and strategic counsel.
Venture Catalysts aims to revitalise the angel investment landscape in Mumbai that will, in turn, enable fostering of entrepreneurship in India through lucrative ventures that are homegrown and sustainable.
The platform hopes to be a catalyst of the Start Up India, a programme aimed at helping budding entrepreneurs to build, finance and ideal base of operations for their ventures through funding support from the government. It also outlines the criteria to define ‘Innovative Startups’ and tailor a unique support infrastructure for them.
“As the PM unveiled the Startup India- Standup India mission, I am privileged to inaugurate and dedicate this seed investment facility to the mission. It is a commendable step in creating a healthy startup ecosystem in Mumbai. India is a country of robust, aspiring youth with immense energy and innovative ideas of doing business. All they need is a little handholding to channelize their vast potential and turn their vision into reality. Facilities like Venture Catalysts play an influential role in helping the youth in achieving their goals. Also, it’s worthwhile to mention that Mumbai is the startup hub where there is a huge demand for personalized services,” Fadnavis said.
Designed to cater to the needs of such ambitious ventures in Mumbai, Venture Catalysts’ new support facility in Andheri offers 5,000 sq ft of a dedicated and well-equipped space for the operational requirements of newly incepted ventures. From a fully functional reception area, lounge, work desks, conference rooms, board rooms, private cabins, lockers to recreational spots, the advanced facility offers all amenities that can stand a start-up in good stead without having to invest capital in them.
Co-founder of Venture Catalysts, Dr. Apoorv Ranjan Sharma, said, “It gives us great pleasure in launching our Mumbai facility in conjunction with the Government’s initiative to provide the necessary thrust to India’s Start Up ecosystem. We have built an extensive angel network by involving the country’s high net-worth individuals, and a unique, innovation-driven platform to offer the most comprehensive single-point start-up solutions for upcoming ventures. Moreover, VCats has also tied up with several prominent global start-up facilitators, such as Plug and Play, to expose the Indian start-ups to strategic opportunities from across the globe, and connect with potential partners, investors and mentors from around the world. This puts us in a good position to empower start-ups in India and propel them to register a global impact.”