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?
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 ...
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:
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...
After sequoia rebranding, funds leaving the country, hearing that accel is looking to cut down on India investment corpus. Big news for a top global fund to step back.
