Fri, Dec 9, 2016 | updated 05:08 PM IST

Venture Catalysts forays into Delhi-NCR

Updated: Jul 21, 2016 12:11 IST

New Delhi, July 21 (ANI): In another major development that underlines its commitment to nurture start-up growth in the country, Venture Catalysts announced its entry into Delhi/NCR through a strategic tie-up with Edge Tech Ventures.

Venture Catalysts' latest expansion is being heralded as a game-changing development by entrepreneurs and investors from the region, as it will give the start-up landscape in the Delhi/NCR region a big boost.

The expansion in Delhi will foray close on the heels of VCats' recent expansion into Surat, and underlines its mission to create a high-quality, end-to-end support and investment ecosystem across the country.

"The Delhi/NCR region is a hotbed for start-up activity and has emerged as the second largest hub for start-ups in India. Our decision to expand our operations into Delhi is a part of our long-term strategy to establish a comprehensive start-up support infrastructure across the country," said Co-founder Venture Catalysts, Dr Apoorv Ranjan Sharma.

"While we will be looking forward to more such expansions in the near future, we will also like to invite other start-up enablers to participate in this revolution and establish India's position as the start-up capital of the world. We are also aiming to mobilize investors and catalysts locally in order to facilitate greater opportunities for mentoring, funds and networking for start-ups," added Dr Apoorv Ranjan Sharma.

By enabling key aspects such as investment, business networking, co-working, mentoring and technological expertise for emerging start-ups across the country, Venture Catalysts will aim to boost the growth of Delhi/NCR-based ventures and assist them in achieving success.

VCats' Delhi will be assisted by Sameer Rastogi, Gagan Ghai, Amarjeet Pahwa and Yogesh Bansal.

Having enabled over nine investments worth more than USD 1.5 million in six months of its operations, VCatsis now looking to take forward its impressive performance by expanding into more geographies and create a country-wide nexus of start-ups, investors, enablers and growth facilitators.

The platform will also be aiming to mobilize local HNIs and investors onto a national platform and seeks to enable financial and business-related assistance into at least 30 start-ups within the first year of its operations. (ANI)