Venture Catalysts’ 54 Portfolio Startup Crosses $ 50 M Valuation

Apoorv Ranjan Sharma, Co-founder, Venture Catalysts

Venture Catalysts Group has announced that about 54 of its portfolio startups have crossed $50 million valuation this year. Despite challenging times that led to a 70 per cent 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 with and about three startups — Shiprocket, BharatPe and Vendantu have attained Unicorn status in the last one year.

The company had first launched its $150 million accelerator fund in 2020 post which 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 startups whose consolidated valuation is pegged at around $10 billion thus making it the country’s largest early to growth stage investing platform.

“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 Sharma, Co-founder Venture Catalysts Group.

The company, which has three other cofounders — Anil Jain, Anuj Golecha and Gaurav Jain, also intends 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 launch.

Venture Catalysts has driven early-stage investments worth $100 million (Rs 782.4 crore approximately) 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 one-fold return.

The integrated incubator has invested in startups 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, BlowHorn, amongst others.

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