India’s fastest growing accelerator, Marwari Catalysts has always been playing a pivotal role in building the startup ecosystem in the country. It is enabling startups across geographies and industries to realise their vision in a seamless manner, thereby connecting the dots in the startup ecosystem. It has been acting as a bridge between startups and investors, effectively building a unique startup dedicated framework that has helped entrepreneurs acquire funding and bagging successful multi million exits.
Today, the accelerator is yet again making headlines as few of its portfolio startups raise Rs. 1.5 Cr. from state and central government startup facilitation schemes.
The state and central government in India is creating a dynamic and collaborative ecosystem that is enabling easy availability of work-spaces, funds, relevant technology, skilling and mentoring support, and access to high-leverage markets.
In the state, Marwari Catalyst is working actively with iStart Rajasthan, a flagship initiative under the aegis of Department of Information Technology and Communications (DoIT&C) to foster innovation, create jobs and facilitate investment. iStart Rajasthan has more than 1700 approved startups that has created above 20,000 job opportunities and funded 300+ startups with over 9.5 Cr since August 2021. Marwari Catalysts in association with iStart is set to play a democratising and enabling role in Jodhpur to support entrepreneurship.
Emphasizing the state intervention to accelerate the growth of entrepreneurship, Mcats wants to highlight that Rajasthan has provided integrated comprehensive platform to registered startups with state of art incubation space, capacity building workshops, mentorship support, investor connect, monetary support etc. The Hub and Spoke model with Techno Hub Jaipur at Centre, iStart Nests at Divisional Level, and Incubation Cells at District Level will create a mesh of compelling startup ecosystem in the state. Working closely with iStart, Mcats backed startups are availing the bouquet of benefits under State Startup policy.
Extremely delighted with the fund raise, Sushil Sharma, Founder & CEO, Marwari Catalysts says, “India is at the right stage for startups, and MCats as an accelerator has always made its efforts towards providing an efficient platform to translate early stage startups into market-ready products. Today this latest funding gives a strong validation to our startups from the government and with such state and central government startup initiatives, it will definitely accelerate the growth trajectory of our startup ecosystem in near future.”