Startup accelerator Marwari Catalysts and GVFL Signed MOU to Transform Gujarat's Startups
Marwari Catalysts a category-specific leading startup accelerator, has joined hands with GVFL, a pioneering name in venture finance in India, to announce an extraordinary joint startup acceleration program, Xcelerate, aimed at propelling the startup ecosystem in Gujarat in the HealthTech, Wellness, Food, and AgriTech sectors. The program promises to offer an unparalleled launchpad for disruptive startups seeking to revolutionize their respective industries.
The 3-month intensive acceleration program will provide selected startups with access to a myriad of resources, mentorship from industry veterans, and a significant initial investment of minimum 75 Lakhs - 3 Crores. This substantial financial boost will empower startups to fuel their growth, accelerate product development, and reach critical milestones with a competitive edge.
Commenting on the collaboration, Sushil Sharma, Founder & CEO of MCats, says, "By joining forces with GVFL, we are not only enhancing opportunities for startups but also collectively empowering the startup ecosystem in Gujarat. This program represents a unique synergy of MCats' passion for nurturing entrepreneurial talent and GVFL's legacy of building successful businesses."
Kamal Bansal, MD, GVFL, says, "Over the last two decades, GVFL has successfully raised nine venture capital funds, channeling vital support to empower over 105 companies. Together with MCats, we'll stand as great mentors, navigators, and partners in the pursuit of startup success". Backing up the viewpoint, Mihir Joshi, President of GVFL, says, "At GVFL, with each startup we support, we contribute to a vibrant ecosystem that drives progress. Now, teaming up with MCats, we're ready to amplify our impact and empower entrepreneurs like never before."
Nikhil Gupta, Director Strategy & Alliances at MCats, says, "At MCats, we're not just shaping startups; we're sculpting success stories. Our passion for entrepreneurship is matched only by our commitment to nurturing groundbreaking ideas. With GVFL by our side, we're set to propel startups to remarkable heights."
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