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VCats makes partial exit in Cusmat with over 4.2x returns within 3 years


Early stage investment firm Venture Catalysts has announced that it made a partial exit from its portfolio startup Cusmat with over 4.2 x returns in less than three years.

Cusmat is an immersive skilling platform that large enterprises use to upskill their industrial workforce. Venture Catalysts had first invested in Cusmat’s seed round in 2020 and took an exit in the $3.5 million Series A round announced in February this year. Arkam Ventures led the round along with participation from Unitus, Better Capital, We Founder Circle, 9Unicorns, and MapMyIndia.

As per VCat, it’s resulting in more than 60% XIRR or extended internal rate of return.

Cusmat helps industries close the skills gap and improve crucial business metrics that have a positive influence on both the top and bottom lines as well as employee morale. Cusmat’s clientele includes companies such as ABB, Vedanta, Tata Steel Mining, DHL, DTDC, Mitsubishi, Ultratech, et al. It also claims that the company is already operating in other countries in the APAC and MEA regions.

VCats has invested in more than 200 startups and provided exit opportunities to over 60 companies since its inception. Beardo and PrimeOs are some of the notable exits of the firm.

Last month, early stage investor Titan Capital made a partial exit in debt recovery and legal automation platform Credgenics with more than 100x return.

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