TLDR:
- India-based venture capital firm Venture Highway is merging with General Catalyst.
- The combined firm plans to invest at least $500 million to $1 billion in India.
India-based venture capital firm Venture Highway (VH) has announced its merger with General Catalyst (GC). VH, known for writing first checks for companies like Meesho and Chalo, was co-founded in 2014 by Neeraj Arora, former Chief Business Officer of WhatsApp. GC, a Cambridge-based firm, conducted its first deal in India in 2019 and has invested in companies like Cred and Spinny. The combined firm sees huge potential in India and plans to invest $500 million to $1 billion in the country. With GC managing over $25 billion, the merger makes it one of the largest venture capital firms in India. This collaboration between VH and GC is fueled by a shared interest in supporting the next generation of Indian founders and fostering collaborations between the two countries.
