Venture Catalysts, claiming to be India’s first seed investment and innovation platform, has secured an amount of $500,000 from Zaffiro Ventures.
Speaking on the investment, Dr. Apoorv Ranjan Sharma, Co-founder, Venture Catalysts, said, “Our aim, ever since our launch, has been to support and augment the growth of promising startups across the country. The investment from Zaffiro will not only help us in expanding to multiple cities across India and promote entrepreneurship but will also allow us to access industry insights and business acumen.”
The latest announcement from Venture Catalysts can prove to be of interest to country’s entrepreneurs, start-ups and investors as it hints at the establishment of investment and support ecosystem across the country.
Speaking on what makes the association so vital to the country’s start-up landscape, Revathi Roy, Co-founder, Zaffiro Ventures, said, “After interacting with VCATS funds, we learnt how building a robust, end-to-end ecosystem to support and nurture new age tech businesses can help raise the innovation quotient of the country.”
The platform already has oever 600 angles as a part of its investor network and is looking to add 100 new angles in the next few months.
By Jahnvi Pahwa (An Intern at FE.com)