: Marwari Catalysts Aims to Raise USD 4 Million at a USD 25 Million Valuation #IndiaNEWS #business MCats, with a strong network across Tier II & Tier III cities, has previously closed with fund

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Marwari Catalysts Aims to Raise USD 4 Million at a USD 25 Million Valuation #IndiaNEWS #business
MCats, with a strong network across Tier II & Tier III cities, has previously closed with fund raising of million on a valuation of million. This round of funding was concluded by HNIs from India, Japan, UK, USA and Indonesia. The fresh fund will be utilised to scale up the startups, strengthen the ecosystem and foray into new markets
MCats is now open for strategic partnership with Angel networks, HNIs, Family funds, VC and PE funds for further integration.
MCats with a family of 30+ startups represents a 80 Co-founders club.
Indias startup ecosystem enabler, MCats, aims to raise million at a valuation of million, the company said in a statement.
Marwari Catalysts Founders Team Sushil Sharma, Devesh Rakhecha, Rachit Poddar and Raunak Singhvi
The startup investment revolution started by MCats in 2019, completes its two years on 24th June, 2021. Within just 2 years of its launch, it has emerged as a fast growing and aggressive accelerator with previous fund raising of million on a valuation of million.
Also 60% of the portfolio companies have already raised their seed funding and are now ready for the Pre-series A Round. MCats have scaled up despite the pandemic giving stellar returns as one of its portfolio companies bags successful exit with 20X return.
With its focus on creating, building and nurturing the startup ecosystem and economic development in the untapped market of Indias Tier II/Tier III cities, MCats is a super specialised accelerator that has efficiently expanded its portfolio and has come up as a strong player to help promote community building and collaboration among the startup ecosystem, highly active across India.
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.
Accelerators are the key to growth. They play a vital role in the startup journey as they are the growth partners, not only in fund raising but leveraging technology, hand holding, mentorship, network opening and in market connect. Globally accelerators have helped Startups such as AirBnB, DropBox and Reddit grow rapidly to billion dollar valuation. But the complicated affair is choosing the right accelerator at the right time, Sushil Sharma, Marwari Catalysts Founder and CEO, says.
Further adding, Mr. Sharma says, The idea behind launching Marwari Catalysts was to provide a strong accelerator network and build a founder and investor friendly ecosystem as we believe that the main game relies on the founders and founding team.

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