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General Catalyst to double down on investments in India, crypto and Web 3.0 in focus

The US-based investment firm is bullish on India and sees an opportunity to invest in Web 3.0 startups as well as fintech, healthcare, enterprise and consumer firms

March 31, 2022 / 12:56 PM IST
Representative image.

Representative image.

General Catalyst, which has backed global startups like Airbnb, Instacart and Stripe, is looking to beef up investments in India, the US-based venture firm said in a virtual press meet on March 30.

The venture capital firm will continue to look at areas like fintech, healthcare, enterprise, consumer, agritech, crypto and Web3.0.

The Indian investments would be headed by former SoftBank investor Deep Nishar and former Snapdeal and Meta executive Anand Chandrasekaran.

Talking about India’s startup ecosystem, Hemant Taneja, managing director, General Catalyst, said the big takeaway for them was “that the sleeping giant of entrepreneurship is waking up”.