Seed investment platform Venture Catalysts raises $500k from Zaffiro

Venture Catalysts, a Mumbai-based seed investment platform, has raised $500,000 from Zaffiro Ventures as it looks to expand its presence to Ahmedabad, Bengaluru, Delhi and Raipur, among other cities, in the next three years. The firm, founded by Anil Jain, Anuj Golecha, Apoorva Sharma and Gaurav Jain, does seed investments of Rs.75 lakh to Rs.1.5 crore in early stage start-ups in sectors such as Internet of Things, artificial intelligence, ad-tech, virtual reality, education, e-commerce and retail. ´The fund will be utilised to help expand to five cities in 2016 and extend its reach to another five cities in two years´ time horizon,´said Sharma. He added this round will put the firm at post-money valuation of Rs.40 crore.