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India: Venture Catalysts closes 102 deals this year, to invest $135m in 2021
Vcats Founders (from left) Dr Apoorva Ranjan Sharma, Anuj Golecha, Anil Jain, and Gaurav Jain Premium
Mumbai-based, early-stage startup investor Venture Catalysts Group (VCats) has closed 102 deals this year, compared to 63 a year ago, it said on Wednesday.
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Indian early-stage start-up investor Venture Catalysts Group (VCats) is planning to invest around Rs 1,000 crore in start-ups in 2021. In 2020, the fund invested around Rs 700 crore, up by 40 per cent compared to 2019, through a syndication in several idea-stage and early stage businesses across sectors. Some of the co-investors, who were part of the syndication include Sequoia Surge, Nexus Venture Partners, Facebook FB Start, Lightspeed Venture Partners among others. The Mumbai-based investment firm VCats runs an incubator and a SEBI registered accelerator fund 9Unicorns. It made the highest number of deals at 102 this year, compared to 63 a year ago. VCats, which focuses on strengthening the start-up ecosystem in the smaller Indian towns, has invested over Rs 700 crore through a syndication in several idea-stage and early stage businesses across sectors this year as compared to Rs 500 crore in 2019.