TLDR:
– Venture Highway is merging with General Catalyst in a rare consolidation in the venture capital space
– The merger aims to create a powerful platform to support the next generation of Indian entrepreneurs
In a rare move within the venture capital industry, seed-focused venture capital firm Venture Highway is merging with General Catalyst, a Silicon Valley-based firm, to lead the latter’s India initiatives. The merger aims to create one of the most powerful venture platforms in India to support the next generation of entrepreneurs.
Venture Highway, founded by former WhatsApp Chief Business Officer Neeraj Arora in 2014, has invested in companies like Meesho, Moglix, BetterPlace, and Chalo. General Catalyst, on the other hand, has been investing in India since 2019, backing companies like Cred, Spinny, and Orange Health.
The two firms will focus on sectors such as healthcare, energy, manufacturing, and financial services. This consolidation is rare in the venture capital space, where executives often leave large firms to start their own. The merger between Venture Highway and General Catalyst signifies a significant move in the Indian venture capital ecosystem.
