Marwari Catalysts, a startup accelerator, has announced the introduction of Rajasthan's inaugural SEBI-approved CAT1 fund tailored for startups. With a fund size of Rs 100 crore, the move signals a significant stride towards bolstering entrepreneurial endeavors, particularly in tier 2 and tier 3 cities across the nation.

This development underscores a burgeoning trend in fostering innovation and entrepreneurial spirit beyond the confines of major metropolitan centres. Established in 2019, Jodhpur-headquartered Marwari Catalysts (MCats) aims to tap into the latent potential of burgeoning startup ecosystems across India.

The fund's primary aim is to offer vital support to 300 startups, with Marwari Catalysts having already scrutinized over 9,000 startup ventures to build a robust portfolio. Notable milestones include backing 80 startups, some of which have experienced notable success with 8 exits. 

Key figures within Marwari Catalysts, include Nikhil Gupta, Anil Chhikara, Anish Thomas, and other regional heads. 

In addition to its Alternative Investment Fund (AIF), Marwari Catalysts claims strong affiliations with family funds, corporate entities, and a network of celebrity co-investors.

In a statement, Sushil Sharma, Founder & CEO of Marwari Catalysts, expressed enthusiasm about the launch of Rajasthan's first AIF CAT1 fund, emphasizing its potential to drive innovation and entrepreneurial growth in the region.

As Rajasthan's startup ecosystem continues to evolve, initiatives like Marwari Catalysts' CAT1 fund are poised to play a crucial role in catalyzing growth, fostering innovation, and shaping the future of entrepreneurship in the state and beyond.