In recognition of the work done by VCAT Nagpur, venture catalyst Mumbai has awarded them as best performing partner at a glittering function held at Alibaug recently. Nowadays, the best mode for investment is to invest in startups by Angel investors. The startups are young entrepreneur who develop venture based on technology. They need funds to spread their net work and to sustain during initial period. Bank borrowings are not only difficult but risky and costly.
Venture Catalyst Mumbai has been working in promoting Investments in startups through Angel investors. In Nagpur, Team VCAT Nagpur is working as regional partners. During last 8 months Team VCAT Nagpur has done great job in raising funds for startups coming from different parts of the country.
Team VCAT Nagpur is working very hard in spreading the Awareness of Angel investment among the new generation of investors. CA Poonam Khandelwal, CA Punit Jain and CA Swati Sharma under the guidance of BC Bhartia are organising pitches of startups every month at Chitnawis centre. The Angel investors attend these pitches. They have been able to attract Investments between 60 lacs to 75 lacs per month more and more investors are joining in this program. In the financial year 2019-20 Team VCAT Nagpur plans to have 500 investors as their members. B.C. Bhartia said that they also plan to extend network in entire Vidharbha. Akola, Amravati, Chandrapur, Yavatmal, Wardha, Gondia, Bhandara are in immediate plan. Poonam Khandelwal was awarded as best investor engagement person.\\
Team VCAT Nagpur is also running a 30 seater incubation center at bestment of Gulmohar Building, Hislop College Square in association with Vidarbha Industry Limited. Facilities of co-working place are also available. This incubation center has list of professionals from different professionals. The startup get advice and assistance from these professionals and when.