Seed investment platform VCats raises $500,000 from Zaffiro Ventures

Venture Catalysts, a seed investment and innovation platform, has raised $500,000 from Mumbai-based Zaffiro Ventures.

VCats is now valued at Rs 40 crore in just six months of operations.

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 start-ups across the country. The investment from Zaffiro will not only help us in expanding to multiple cities across India and promote entrepreneurship beyond the metropolitan and tier-1 geographies, but will also allow us to access industry insights and business acumen gained by individuals such as Revathi Roy and Jagdish Gothi. This will add great value to our business approach and allow us to reach newer heights.”

The platform recently expanded its operations into Surat to a positive response and will be looking to establish its physical presence in five cities in 2016 with the aim to expand to five more cities in the next two years.

Speaking on what makes the association vital to the country’s start-up landscape, Revathi Roy, Co-founder, Zaffiro Ventures, said, “After interacting with VCats founders, 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. With the company creating major disruption in the way start-up investment and support in the country is approached, it made more sense to integrate with their effort instead of reinventing the wheel by creating a completely new platform.”

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