VentureNursery, India's first angel-backed start-up accelerator, has announced a seed investment by its angels in Catapoolt, a crowd-funding and community engagement platform. Calcutta Angels and Ah! Ventures have also participated in this round. The fund size has not been disclosed.
Founded in July last year by Satish Kataria, who introduced start-up crowdfunding platform Grow VC to India, Catapooolt graduated a few months ago from the VentureNursery accelerator programme's third batch. While globally crowdfunding is a $5-billion industry, it is still in its infancy in India. Catapoolt has been focusing on adapting the model to India and Asia and is trying to build industry partnerships and a contributors base. The platform is being supported by Utkarsh Singh (ex-marketing director with Indian Premier League), Shiladitya Bora (head, PVR Directors' Cut) and Ajay Chandwani (director, Percept H).
Founded in July last year by Satish Kataria, who introduced start-up crowdfunding platform Grow VC to India, Catapooolt graduated a few months ago from the VentureNursery accelerator programme's third batch. While globally crowdfunding is a $5-billion industry, it is still in its infancy in India. Catapoolt has been focusing on adapting the model to India and Asia and is trying to build industry partnerships and a contributors base. The platform is being supported by Utkarsh Singh (ex-marketing director with Indian Premier League), Shiladitya Bora (head, PVR Directors' Cut) and Ajay Chandwani (director, Percept H).