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Sidhi Dalmia, a former executive at Goldman Sachs, joins VCats Syndicate Fund as a founding partner and co-leader.

Sidhi Dalmia, a former executive at Goldman Sachs, joins VCats Syndicate Fund as a founding partner and co-leader.

By - 13 May 2024 06:17 PM

Sidhi Dalmia, a senior executive at Goldman Sachs, has joined Mumbai-based Venture Catalysts as a founding partner and co-lead for their recently formed syndicate fund, VC Grid.In addition to Goldman Sachs, Dalmia has several executive roles at The Chesapeake Group, Bennett, Coleman & Co., Sumedha Fiscal Services, and Srei Group.She has worked in a number of major cities, including Mumbai, Hyderabad, Bangalore, Kolkata, and New York.According to the venture capital firm, Dalmia has played a pivotal role in propelling the establishment of VC Grid in recent months and solidifying its value proposition in the investment landscape.According to the company statement, she has coordinated fundraising efforts across a variety of industries, including technology, retail, FMCG, logistics, distressed assets, and infrastructure. She has also negotiated cross-border M&A transactions, facilitated venture capital investments, and given strategic advice to startups."She combines her financial acumen and leadership skills with a wealth of experience and knowledge in venture capital, early-stage investments, and creating sustainable enterprises. As we want to increase the value for family offices, legacy companies, and entrepreneurs, we are excited to collaborate with her," stated Apoorva Ranjan Sharna, managing director and founder of Venture Catalysts++.Family offices, corporate VCs, and U-HNIs make up the VC Grid network, which is dedicated to funding high-alpha projects from seed to Series A, with an investment range of $500K to $1.5M. Apart from providing financial support, the community also hopes to provide entrepreneurs with market access and commercial prospects by utilizing the combined knowledge and assets of its member investors.

Venture Catalysts plans to conclude investment for VC Grid later this year with a total corpus of INR 900 Cr (about $110 Mn), according to a report published earlier this month by Inc42. Sources said at the time that the syndicate planned to bring the total number of limited partners to 100 by year's end, with 32 family offices already on board.

 

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