Venture Catalysts ++ – the house of unicorns, soonicorns delivers 54 startups above $50 million in 7 years

Venture Catalysts ++ - the house of unicorns, soonicorns delivers 54 startups above $50 million in 7 years

NEW DELHI: Venture Catalysts Group (Vcats++), India’s first integrated incubator and a full-stack investor for early to growth stage startups, has announced that about 54 of its portfolio startups have crossed $50 million valuation this year. Venture Catalysts grew substantially, housing more than 33 soonicorns and over 100 minicorns. The individual valuations of atleast two dozen companies have crossed $100 million with and about three startups — Shiprocket, BharatPe and Vendantu have attained Unicorn status in the last one year.
Venture Catalaysts Group is an early-to-growth stage fund that includes five funds ranging from early stage to sector focused. The company had first launched its $150 million accelerator fund in 2020. After that, the company has launched four more including – Venture Catalysts Angel Fund, a $200 million fintech focused fund called Beams, proptech fund Spyre, and $200 million growth stage sector agnostic fund Elev8. The group has a combined portfolio of over 300 startups whose consolidated valuation is pegged at around $10 billion.
“The valuations assume importance at a time when the fears around a possible funding winter continues to spook investors and startups not only in India but worldwide too. It talks volumes about the growth and up-rounds of the portfolio companies. Most of our portfolios have done extremely well in the last two years and we see atleast 3-4 turning unicorns next year,” said Dr Apoorva Ranjan SharmaCo-founder Venture Catalysts Group.
The company, which has three other co-founders — Anil Jain, Anuj Golecha and Gaurav Jain, also aims to close 100 exits and up-rounds by the calendar year 2022. Venture Catalysts has invested in 301 deals across 200 startups since the time of its inception, making it India’s leading early-stage investing platform.
Talking about the support Venture Catalysts has provided, Somdutta Assidius, said “Finding a good mentor is the ‘secret sauce’ to a startup’s success, and 9Unicorns, and VCAT have been the guiding force for Assiduus Global. We received support and resources from 9Uniconrn to boost our growth,” said Somdutta SinghFounder and CEO, Assiduus Global.
Venture Catalysts has driven early-stage investments worth $100 million through its network. Across 67 startups, 94 deals were executed, out of which, 27 deals gave partial or full exits, while the remaining witnessed up-rounds. Corresponding to 17 deals, 13 startups have been written off due to the failure to recover assets, or given less than 1x return.
Reflecting on the growth of the venture capital industry, Dr Sharma added, “The uprise of startups in India has set a new benchmark for entrepreneurship all across the world. Venture Catalysts have taken preemptive measures to create a holistic portfolio of companies with a high- growth potential.” “Our aim is to democratize the entrepreneurial ecosystem, enabling more investors to explore higher return asset classes to achieve profitable returns in a faster turnaround time, Sharma added.

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