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General Catalyst is preparing to invest up to $1 billion in the Indian startup ecosystem, signaling a significant inflection point for the industry. Neeraj Arora, Managing Director of General Catalyst, discussed the firm's India investment plans following its merger with Venture Highway in an interview with Shereen Bhan on CNBC-TV18. Arora highlighted the potential for 'real exits' in the Indian market, driven by successful public market journeys of companies like Zomato. He also shared his journey from being a skeptic to a believer in India's quick commerce revolution, particularly with Zepto, which recently received an investment from General Catalyst at a valuation of $5 billion.
General Catalyst readies up to $1 billion for India, sees inflection point in startup ecosystem @akhil_edit https://t.co/oFoXVORofQ
📢Inside General Catalyst's New India Playbook 🎙️Catch @ShereenBhan in a chat with @neerajarora on @generalcatalyst's India investment plans following the merger with @venturehighway, going from skeptic to believer in #Zepto & more @CNBCTV18News https://t.co/7onzDlhogh
#YoungTurks | From skeptic to believer: @neerajarora admits he wasn't initially sold on #quickcommerce in India. "The story has turned completely," he tells @ShereenBhan shortly after leading @generalcatalyst's investment in #Zepto at a valuation of $5Bn. @CNBCYoungTurks https://t.co/W3EM95qWW7