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India is in the Kapil development stage of Web 3.0;  Tendulkar, Dhoni yet to come: General Catalyst

From AirBnB and Deliveroo to Grammarly and Canva, these well-known startups share a common thread: they’re all backed by venture capital (VC) firm General Catalyst.

Since its founding two decades ago, the US-based investor has injected more than $14 billion into more than 1,000 startups globally. In recent years, it has seen notable IPOs including AirBnB, Vroom, Cazoo, Deliveroo, etc.

The fund, which invests through the stages – from seed to growth and beyond, recently closed its eleventh fund with a corpus of $4.6 billion. Its biggest fundraiser to date.

It is from this fund that General Catalyst seeks to actively invest in Indian startups. Since 2019, the venture capital firm has invested over $150 million in more than 15 Indian startups, including unicorns Spinny and CRED.

Ready to go big in India, the VC assesses startups in segments like consumer, SaaS, fintech, web 3.0, crypto, agri-tech and others.

To discuss the way forward for venture capital firm in India, CNBC-TV18 spoke with General Catalyst Managing Director Deep Nishar and General Catalyst Partner Anand Chandrasekaran.

Watch the video to learn more.

First post: STI

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