General Catalyst to invest $5 Bn in India in next five years

US-based venture capital firm General Catalyst has announced plans to invest $5 billion in India over the next five years.The firm disclosed the plan during the India AI Impact Summit held in New Delhi.

General Catalyst CEO Hemant Taneja said the investment will be spread across sectors such as artificial intelligence, healthcare, fintech, defence and industrial technology. He also said the firm plans to support new company creation efforts in India.

The $5 billion commitment represents a sharp increase from General Catalyst’s earlier exposure to India. The firm entered the Indian market in 2023 after acquiring early-stage venture capital firm Venture Highway. Prior to the acquisition, Venture Highway had backed several Indian startups at the seed and early stages.

General Catalyst’s existing Indian portfolio includes companies such as Zepto, PB Health, Raphe mPhibr and Jeh Aerospace, as reported by media outlets. The firm has invested across early and growth stages through its global funds.

According to Economic Times, Taneja said India’s digital public infrastructure and talent base were key factors behind the expanded focus. He also stated that the firm will work closely with founders and institutions while building companies in the region.

The announcement comes at a time when several global investors and domestic groups have outlined large capital plans for India across technology and infrastructure sectors.