7 Startups, INR 35 Cr+: Marwari Catalysts' Portfolio Gains Momentum in Q2

For early-stage startups in India’s non-metro hubs, securing patient capital has traditionally been a challenge. Marwari Catalysts is changing that equation. With seven of its portfolio companies closing funding rounds in the last quarter, including a INR 30 crore bet on construction tech and a INR 5 crore infusion into a music platform, the accelerator is proving that Tier-II/III founders can attract serious investment.

Marwari Catalysts Group, a family office and accelerator based in Jodhpur, has seen a surge in funding activity across its portfolio, with around seven startups closing rounds in the most recent quarter. According to a press release distributed via NewsVoir on June 29, 2026, the deals signal growing investor confidence in ventures emerging from Tier-II and Tier-III India. The most significant disclosed figures include a INR 5 crore round for independent music platform Damroo, led by founder Ram Mishra, and an approximately INR 30 crore raise for construction technology company Mad Over Building, founded by Kumar Vivek. AI-powered insurance platform INKA, from founder Vaibhav Kathju, also secured an undisclosed round, while Inteliquant AI and Leap Ahead attracted notable investor interest, though their specific amounts were not made public.

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AI-powered insurance platform INKA, from founder Vaibhav Kathju, also secured an undisclosed round, while Inteliquant AI and Leap Ahead attracted notable investor interest, though their specific amounts were not made public.

The announcement comes at a time when family offices are playing an increasingly critical role in India’s startup ecosystem. With traditional venture capital often concentrated in metropolitan hubs, family offices offer patient, relationship-driven capital that is better suited to early-stage companies in smaller cities. Marwari Catalysts has positioned itself as a bridge between these two worlds, offering a full-suite model that spans pre-incubation, incubation, acceleration, a venture studio, strategic mentoring, and investor readiness support. The group’s self-described evolution from a conventional accelerator into a comprehensive entrepreneurial ecosystem appears to be yielding results, as evidenced by the batch of funding rounds.

From an industry perspective, the disclosed rounds—INR 5 crore and INR 30 crore—suggest early to growth-stage investments. Damroo’s raise likely supports its expansion in India’s competitive but still fragmented independent music streaming market, while Mad Over Building’s considerably larger round points to robust demand for technology solutions in the construction sector, an industry that has seen increased digitization post-pandemic. INKA’s funding, though undisclosed, highlights the continued appetite for AI-powered insurtech solutions, a sector projected to reach $10 billion in India by 2025, according to industry estimates. The involvement of Inteliquant AI and Leap Ahead further diversifies the portfolio across applied AI and possibly edtech or consumer platforms—though details on their verticals are scarce.

The broader implications extend beyond individual startups. Marwari Catalysts’ success in mobilizing capital for Tier-II/III ventures reinforces a thesis that innovation and investable businesses are not confined to Bangalore, Mumbai, or Delhi-NCR. The group’s ability to attract funding for its portfolio companies may also encourage other family offices and high-net-worth individuals (HNIs) to consider direct startup investments rather than relying solely on fund commitments. If the model proves repeatable, it could become a template for unlocking entrepreneurial potential in regions that have traditionally lacked access to structured venture capital.