Yes Bank Invests In Venture Catalysts Group Funds to cater to Future Tech Businesses


The value of the investment hasn’t been disclosed.

It has made investments in two platform: Beams Fintech Fund and 9 Unicorns Accelerator Fund

We believe this partnership is a first step toward becoming the primary bank for technology entrepreneurs: Yes Bank Country Head

Yes Bank has invested in Venture Catalysts Group Funds, an incubator that is integrated. However, the value of the investment hasn’t been revealed.

It has made investments in two different platforms: Beams Fintech Fund and 9 Unicorns Accelerator Fund.

The fund was launched at the start of 2022 Beams Fintech Fund (Beams) was established in 2022 and has invested in growth-stage companies in the fintech industry that include embedded financespace, SaaS specifically for banks and Financial institutions, SaaS for businesses, global enterprise SaaS as well as personal finance management, and the Neo banking.

Read more The nuclear energy company founded by Bill Gates raises $750M,

9 Unicorns Accelerator Fund has been created by the founder group of Venture Catalysts. The fund has raised over $100 million and is currently deploying funds from its first fund.

Venture Catalysts Group Funds offers financial assistance, mentorship, as well as networking services to entrepreneurs starting from the initial idea phase to the growth stages of the startup process.

Through these investments, the bank is hoping to serve the “Future Tech Businesses of India’, and encourage the development of technology including the financial sector, the bank said in an announcement.

According to a statement from the official the partnership is aligned with Yes Bank’s long-term expansion strategy to increase its presence in India’s rapidly growing tech market through investing in innovators of tomorrow.

The lender is working with and aiding technology companies to explore and develop ideas in various scenarios including agriculture, health education, commerce open banking, logistics, supply chain payment, finance and digital banking, among others , has been an important element of its innovation strategy according to the statement.

“We believe this collaboration will inspire other fintechs and banks in the market to join forces with organizations like Beams Fintech Fund and 9 Unicorns Accelerator Fund. We hope to build an extensive ecosystem of banks, NBFCs, and fintech companies that can help support the tech ecosystem” Naveen Surya, co-founding member of Beams Fintech Fund, said.

Read more Seattle accounting software launch Lockstep to be bought through


Please enter your comment!
Please enter your name here

Share post:




More like this

ERP Modules: Types and Characteristics

Multiple options might be discovered while examining business management...

Agritech start-up Otipy is appointing Rohit Sood as its chief executive officer

Rohit Sood has been selected to be the chief...

Nykaa Q2: Profits up 333% year-over-year to the sum of Rs 5.2 crore Revenue up 39%

The second quarter in the fiscal year currently in...

Decentro is a fintech company has received $4.7M in the Series A round of capital

Funded by Y Combinator, a banking and payments API...