Marwari Catalysts plans to build a nearly $500-million impact-focused portfolio by 2027. In another development, FMCG startup Mitra has raised nearly $1.6 million in a bridge round of equity funding.
MCats plans $500m impact fund
Marwari Catalysts (MCats), a Jodhpur-based startup accelerator, on Thursday announced that it plans to build a nearly $500-million (Rs 4,000 crore) impact-focused portfolio by 2027.
Backed by over 150 co-investors, family offices, and 200+ global mentors, the initiative coincides with MCats’s expansion into Dubai and Singapore, it said in a statement.
“We believe valuations shouldn’t eclipse values,” said Sushil Sharma, founder of Marwari Catalysts. “This fund is our blueprint for a more resilient and inclusive India. Success isn’t just about unicorns; it’s about building companies that improve lives and create lasting social change.”
Since its inception, MCats has invested in and accelerated over 100 early‑stage ventures across the country.
Bestvantage leads funding in Mitra
FMCG startup Mitra on Thursday announced that it has raised nearly $1.6 million (Rs 14 crore) in a bridge round of equity funding led by Bestvantage Investments, a boutique investment advisory firm.
The round also saw participation from existing investors Surya (Dubai-based family office) and other marquee investors, the startup said in a statement.
The funds will primarily be deployed towards expansion of Mitra’s current facilities, the launch of a new 3000-tonne refined flour plant in October, entry into millet-based and lifestyle product categories (gluten-free, sugar-free, diabetic-friendly flours, and organic spices), as well as strengthening its distribution network across India and new markets in the GCC.
Mitra also plans to integrate smart technology to enhance manufacturing and operational efficiency.
“This funding is a key pillar in Mitra’s journey as we prepare for our next phase of growth. It will enable us to expand production capacity, launch new health-oriented product lines, and strengthen our presence across India and international markets. Our vision is to make Mitra one of the top five FMCG companies in India within the next 2-3 years, with a clear road map towards an IPO,” said Abhishek Kaushik, founder & CEO of Mitra.
