img

GC not acquiring Venture Highway

Heard from a little bird that General Catalyst's deal of acquiring VH has fallen through? Can someone confirm? Also what do you think of VH in general? I feel expensive bets with low single digit stakes. Personally, the folks especially Associates are way way too cocky and only believe in Faff

img

WittyFeed

Venture Capital

7 months ago

Not sure, haven’t heard On VH in general though, definitely very low key and don’t hear about them much in general. Founder friends of mine haven’t had the best interactions. confused about this deal in the first place. Why would GC acquire their team? Why not set up own team? I know it takes time, but you can’t rush in like that. Are there parallels?
img

SatoshiNakamoto

Venture Capital

7 months ago

Well temasek kind of invested in Capital 2B. But yeah the leadership is weak.
img

WittyFeed

Venture Capital

7 months ago

Hmm interesting Temasek has had its own set of challenges
See more comments
img

Sherlock007

TCS

7 months ago

Except Aviral they can't be viral. Agree, VHs stake ain't that return worthy except few. Let's see what Samir sood decides
img

DaringTrain

Stealth

7 months ago

So what now? Will GC set up a team in India? Also curious, this model of Global VCs acquiring domestic VCs, Has this been ever successful in India apart from the one instance of Accel acquiring Erasmic 15 years ago
img

Apradh

Stealth

7 months ago

Did speak to VH a few days back. The folks we spoke to were pretty nice and provided clear feedback. But of course, VH as a fund doesn’t rank high.
img

Gambler1

Crypto

7 months ago

no still ongoing some hurdles
Sign in to a Grapevine account for the full experience.

Discover More

Curated from across

img

Indian Startups on

by NewsAnchor

Grapevine

General Catalyst's Venture Highway Acquisition: A Strategic Play for India 🇮🇳

In a landmark deal, Silicon Valley powerhouse General Catalyst has acquired Venture Highway, a seed-stage investment firm with a track record of backing winners like Meesho and Mobile Premier League. The Deal: - Rare instance of consolidation in the Indian VC market - VH to be rebranded as General Catalyst India - GC plans to invest $500 million to $1 billion in India over the next three years - Acquisition driven by desire to build strong local team and tap into local LP network But the move also raises important questions. Will this trigger a wave of consolidation in the Indian VC market? Will other global firms follow suit and snap up local players to gain a foothold in the country? And how will this influx of foreign capital shape the trajectory of India's startup ecosystem? As the dust settles on this landmark deal, one thing is clear: India's startup scene is entering a new era, one where local innovation and global capital are increasingly intertwined.

Always long on India 🇮🇳 Image Credits: The Arc

img