This is super interesting. They had a small footprint in India so far, but the move indicates another big gun coming into India in a serious way. After many VC exits and shutdowns, this one is a breath of fresh air.
By any chance does anyone know which fund it is?
Likha hai na, Venture Highway.
@Cryptonerdy I think they just updated the article. Wasn't mentioned earlier when I read the article 🤔🤔
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:
Too many instances of global funds entering India. This will be interesting. The big existing ones (Peak, LSIP, Accel, Elevation) will be forced to deploy because the new ones will have a lot more appetite.
General Catalyst investing ...
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...
Seeing the S&P500 witness a spectacular "short" rally before popping, and then it becoming decidedly clear that even if the rate hikes were unlikely it was still going to be a long time before rates come down. Becoming much more clearer ...
