New Delhi [India], June 6 : India's leading and fastest growing seed investment and innovation platform, Venture Catalysts, has decided to extend its reach beyond the domestic business ecosphere and go global.
Beginning its foray in global operations with GCC countries, Venture Catalysts has decided to initiate its operations in Qatar, with a plan to expand to other countries in the region such as Bahrain, Kuwait, Oman, Saudi Arabia and the UAE.
In this effort, it has found an able partner in 360-nautica, a premier investment and venture capital firm with 11 years of experience in the GCC region focusing on transformative ideas and innovative entrepreneurism.
Post amalgamation, the new entity will be known as 360-VCats and will be based out of Doha. Venture Catalysts' primary reason for global expansion is to open up a link of investment and business knowledge exchange between Indian and global start-ups.
Through this initiative, Venture Catalysts' aim is to emerge as the pivotal link between Indian entrepreneurs, investors and global organizations seeking an exchange of funds, business knowledge and technical acumen on how to mutually enhance the financial ecosystem.
The partnership will provide an initial investment in the range of (Dollar) 100k- (Dollar) 0.5 million to businesses at the initial stages of their growth cycle in India as well as Qatar.
The funds will be used to facilitate the requirements of strengthening investor network, incubation, mentoring and providing cross-border investment as well.
"With this partnership, we hope to provide our cumulative services and nurture numerous potential start-ups from GCC countries such as Qatar, UAE, Bahrain and Oman and India.
Through this process, we also hope to have a healthy cultural exchange of ideas that enriches the business environment of both regions," said co-founder and MD 360-nautica, Tejinder Singh.
"Our aim is to infuse Rs. 10-15 crore during the initial year in promising businesses specifically in the region of Qatar, and providing comprehensive incubation and mentoring services to these start-ups.
Gradually, 360-VCats' aim is to emerge as the singular venture capital and investment firm for supporting promising ideas in the region realize their optimum potential," said co-founder and president Venture Catalysts, Dr.
Apoorv Ranjan Sharma. VCats has been extensively researching the market domain and have identified certain sectors which hold immense potential for growth and expansion during the near future.
The sectors-which include tech, retail, manufacturing, healthcare, education and FMCG-have bright prospects of generating massive investor interest if provided with a promising and feasible business idea.