54 Start-Ups Funded By Venture Catalysts Achieve $50 Million Valuation

Venture Catalysts Group (Vcats++), a full-stack investor for early to growth-stage start-ups, has announced that about 54 of its portfolio start-ups have crossed a $50 million valuation this year. Despite challenging times that led to a 70% decline in funding 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 and about three start-ups — Shiprocket, BharatPe, and Vedantu have attained unicorn status in the last year.
 
Venture Catalysts Group includes five funds ranging from early-stage to sector-focused. The company first launched its $150 million accelerator fund post-2020 and it 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 start-ups whose consolidated valuation is pegged at around $10 billion. 
 
“The valuations assume importance at a time when the fears around a possible funding winter continue to spook investors and start-ups 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 at least 3-4 turning Unicorns next year,” said Dr. Apoorva Ranjan Sharma, co-founder of Venture Catalysts Group.
 
The company, which has three other cofounders —  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 start-ups since the time of its inception. 
 
Talking about the support Venture Catalysts has provided, Somdutta Singh, founder, and CEO, of Assiduus Global said, “Finding a good mentor is the 'secret sauce’ to a start-up'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. When properly equipped, we have been able to take Assiduus to establish our presence in our sector across the globe. We were able to take off effortlessly and rapidly in the real world because of the mentorship, financial prospects, potential commercial opportunities, industry networking, and access to a global network for all-around support.”
 
Venture Catalysts has driven early-stage investments worth $100 million (INR782.4 crore approximately) through its network. Across 67 start-ups, 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 start-ups have been written off due to the failure to recover assets, or given less than 1x return.
 
The integrated incubator has invested in start-ups with significant value propositions, investing in pre-seed, seed, and Series A rounds, following up with support for its portfolio in subsequent rounds. Some of the biggest companies included in its portfolio are BharatPe, Vedantu, Zingbus, Beardo, SuprDaily, Innov8, Home Capital, and BlowHorn, amongst others. 
 
Reflecting on the growth of the venture capital industry, Dr. Sharma added, “The uprise of start-ups in India has set a new benchmark for entrepreneurship all across the world. Venture Catalysts have taken preemptive measures to create a diverse, holistic portfolio of companies with high-growth potential, leveraging capital, mentoring, and our network of HNIs, Family Offices, CXOs, and more. Our aim is to democratise the entrepreneurial ecosystem, enabling more investors to explore higher-return asset classes to achieve profitable returns in a faster turnaround time. As a by-product of these initiatives, we have also contributed to the wealth creation and job creation in the country.”