TLDR:
- General Catalyst merges its India initiatives with Venture Highway to create General Catalyst India.
- The new platform will lead investments in India across early stage and growth capital from General Catalyst’s latest fund.
US-based early-stage to growth capital investor General Catalyst merges its India initiatives with Venture Highway to create a new platform called General Catalyst India. The new platform will lead investments in India across early stage and growth capital from General Catalyst’s latest fund, with plans to deploy between $500 million and $1 billion. Venture Highway, now General Catalyst India, will deploy funds in AI-led use cases for healthcare, defense, manufacturing, and other sectors. The merger comes after nearly two and a half years of negotiations, with General Catalyst investing in India for five years. The team from Venture Highway will run the operations for General Catalyst India, with leadership changes in both companies. Founded in 1999, General Catalyst has made venture bets in India including fintech company CRED and AP automation company CashFlo. The $800 million Creation Fund, set up in 2022, will work with entrepreneurs and executives to incubate ideas or transform companies in core areas of interest for General Catalyst. While the investments will continue to be sector agnostic, the firm will focus on AI-led use cases in various sectors.
