Venture Catalysts to invest $120 million in 2022

NEW DELHI:

Venture Catalysts

Group, an integrated startup incubator, aims to invest over $120 million across 300 startups in 2022. The Mumbai-headquartered investment firm, which has pumped capital into startups such as

Beardo

,

Pee Safe

,

BharatPe

and Coutloot, closed 2021 with 207 deals.

“This year was great as it witnessed the birth of 40-odd unicorns with some spectacular tech IPOs,” said

Apoorva Ranjan Sharma

, co-founder & president, Venture Catalysts Group, which operates an early stage investment platform Venture Catalysts, and a $100-million accelerator fund 9Unicorns.

Sharma expects the number of unicorns to double in 2022 and emergence of more decacorns even as the Indian startup ecosystem is expected to see a massive rise in global investments on the back of several economic growth factors.

“The coming year will be exceptionally extraordinary for the Indian startups that are solving problems relevant to the larger global causes and issues. We, as an early to growth stage investor platform, are looking to fund many of these disruptive ideas in 2022,” Sharma told TOI.