General Catalyst makes India push with Venture Highway merger [TechCrunch]
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Source: TechCrunch
The U.S. venture capital group is merging with Venture Highway, an India-based firm whose investments include social commerce startup Meesho and B2B industrial marketplace Moglix . TechCrunch reported about the two venture firms' talks for a deal in January. The deal will see the combined entity plot a new multi-stage investment strategy for General Catalyst in India, spanning early to growth-stage checks across industries, Venture Highway founder Neeraj Arora and its GP Priya Mohan told TechCrunch in a joint interview. Venture Highway, which raised $78.6 million for its second fund in 2020 , has traditionally focused on early-stage investments. As part of the General Catalyst team, it will also expand its remit to include incubating startups, a relatively uncharted territory in the country. “Our vision is to be part of building a number of companies that will not only go public but also be needle-moving for the economy,” said Mohan. General Catalyst plans to invest between $50
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