Aims to raise 90 million USD
India’s startup ecosystem enabler, Marwari Catalysts, aims to raise $10M at a valuation of $90M, with active participation from existing and new shareholders, Sandeep Gulati (CEO- South Asia & MD- India at Egis), Yogesh Chaudhary (Founder- Jaipur Rugs), Nitin Sethi (CDO- Adani Group), Ankur Mishra (Director- Central Academy), Ashutosh Gehlot ( Promotor, OS Ford), Manish Singhvi (CFO- Marlabs Inc.) and Anil Malhotra (CEO- H&M Indonesia), the company said in a statement.
The accelerator plans to use the raised funding to reinforce the current portfolio, accelerate the progress towards a digital and self-reliant India, enable global reach and engage more with growth stage startups while also offering mentorship and peripheral services.
The strategic concept behind the fund raise is to strengthen the accelerator’s position as market leader as they plan to expand their offerings globally and as a startup advisory firm, they’ll continue to help young entrepreneurs with the right mix of capital, know-how and networks to build enduring businesses.
Main focus
Somewhere down the line, one may feel that the main purpose of an accelerator is to only help early-stage startups scale up and raise funds, but looking at a broader picture, accelerators readies an ecosystem and has become the launch pads for the modern economy, beyond capital infusion, in today’s date. In simpler words, they are the new kingmakers for the startup industry and Y Combinator & Techstars are a few good examples. Accelerator’s main purpose is to make the startups investor ready and that’s why even the Angel Networks/ VCs/ Family Funds look forward to partnering with accelerated startups.
Accelerators have a global drive to trigger the growth and development of nations through innovations and creativity.
Marwari Catalysts is therefore working with the same drive and with deep roots in India (Tier II & Tier III cities) the team is passionate about investing in entrepreneurs who are poised to be tomorrow’s global leaders.
Built over 40 start-ups portfolio
As of today’s date, Marwari Catalysts has built a portfolio of over 40+ startup companies since 2019 and continues to seek companies that are capturing new markets, providing innovative solutions and creating new wealth for India and beyond. Therefore, after the fund raise, Marwari Catalysts plans to be a 100+ startup portfolio company.
“The idea behind launching Marwari Catalysts was always to provide a strong accelerator network and build India’s most founder and investor friendly ecosystem as we believe that the main game relies on the founders and the founding team. So, today as we enter the next stage of our evolution, we feel that the financing milestone will be a testimony to our journey of innovation and disruption.”, says Sushil Sharma, Founder & CEO, Marwari Catalysts.
Sharing his rationale, Devesh Rakhecha, Founder &COO, Marwari Catalysts says,“We always knew that there is huge money and amazing skilled founders in Tier II-III cities, but investors don’t get access to the A-grade startups. We exposed them to this new asset class through master classes, physical events, and networking with experts. Our goal was to democratise access to startups to every investor. The successful closure of the previous round is a testament that our consistent hard work is bearing fruit.”
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