1. Startups: Venture Catalysts expands its services to Surat

Startups: Venture Catalysts expands its services to Surat

In a move aiming to build a consolidated start-up centric ecosystem in tier-2 & tier-3 cities across the country, Venture Catalysts, India’s first seed investment and innovation platform, launched in Surat.

By: | Surat | Updated: June 21, 2016 4:31 PM
Startups, seed, investment The expansion aims to unlock access to Venture Catalysts’ proprietary start-up enablement platform to prospective ventures and investors from Surat and nearby locales. (Reuters)

In a move aiming to build a consolidated start-up centric ecosystem in tier-2 & tier-3 cities across the country, Venture Catalysts, India’s first seed investment and innovation platform, launched in Surat.

The expansion aims to unlock access to Venture Catalysts’ proprietary start-up enablement platform to prospective ventures and investors from Surat and nearby locales.

This move will also enable investors in Surat to get access and invest in national and global ideas present in VCats’s platform.

Entrepreneur Gaurav Singhvi founder of The Financial Supermarket Group will oversee VCats’s Surat operations as the Managing Partner.

Surat is the Venture Catalyts’s maiden foray into tier-2 and tier-3 cities and highlights the platform’s long-term strategy to mobilise locally-based entrepreneurs and investors onto national level.

Speaking on the launch, Dr. Apoorv Ranjan Sharma, Co-founder, Venture Catalysts, said, “Venture Catalysts was established with an aim of fostering innovation and entrepreneurship within India and to nurture the country’s start-up landscape with comprehensive investment and support infrastructure. We are confident that we will be able to nurture a start-up centric culture within Surat and its surrounding areasby enabling greater access to investmentsand other high-quality start-up support facilities such as business networking, incubation services, events/workshops and pitch days.“

When asked the reason for Surat being chosen ahead of other startup hubs, Anuj Golecha, Co-founder, Venture Catalysts said,“Renowned as the city of businesspersons, Surat is fast emerging as a favourable venue for start-ups owing to its focus on entrepreneurship. The launch of our services in the city is aimed at nurturing and mobilising local start-ups, mentors and investors and integrating them in the larger start-up landscape.

“The Government of Gujarat has already rolled out several schemes to assist start-ups, our entry into the city will ensure better opportunities of growth and success for both start-ups and investors and will serve to further our aim of developing a holistic start-up ecosystem within the country. We will also be looking at co-investment opportunities and bringing in about 100 investors to be a part of the VCats ANGEL network,” he added.

Venture Catalysts has enabled over seven investments worth more than $3million in less than six months of its operations.

The company is looking to follow up its expansion in Surat by opening other branches in more such geographies, soon.

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