Silicon Valley-based venture capital firm General Catalyst has announced its acquisition of India-focused early-stage investor Venture Highway. This strategic move aims to broaden General Catalyst's presence in the Indian startup ecosystem. The Venture Highway brand will cease to exist and will be rebranded as General Catalyst India. General Catalyst plans to invest between $500 million to $1 billion in the country from its global fund. Venture Highway, known for backing unicorns such as Meesho and Moglix, will see its existing portfolio potentially benefit from follow-on investments by General Catalyst. This marks the first major consolidation in the US-India venture corridor in 16 years. Venture Highway was founded by former WhatsApp executive Neeraj Arora.