VCats makes partial exit from skilling platform Cusmat with over 4.2x return

Early stage investment firm Venture Catalysts has made a partial exit from its portfolio startup Cusmat with an over 4.2x return (60%+ XIRR) via a secondary sale as part of the USD 3.5 million Series A round in February 2023 (led by Arkam Ventures). Venture Catalysts had first invested in Cusmat's seed round in 2020. Cusmat is an immersive skilling platform that enterprises use to upskill their workforce. Cusmat's clients includes ABB, Vedanta, Tata Steel Mining, DHL, DTDC, Mitsubishi, and Ultratech.