Early-stage investment firm, Venture Catalysts has recently made a seed investment in the cutting-edge Android-based laptop OS, PrimeOS. VCats investors participating in the round are Kundan Deotale, Vikas Kapoor, Yogesh Choudhary, Arun Tyagi and many more.
The key verticals that PrimeOS is targeting include ed-tech and consumer electronics. Its business model is built on licensing PrimeOS to laptop manufacturers. The company is also set to sell Primebooks, its version of Intel laptops powered by PrimeOS to ed-tech firms. The cumulative market opportunity that PrimeOS seeks to tap is worth $16 billion in India and a massive $100 billion globally.
Speaking on the funding round Chitranshu Mahant, Co-founder & CEO said, “The VCats team has helped us validate our vision while investing capital in our firm. Apart from fundraising, VCats has also supported the company in building the business and getting the right connections in the market. We feel privileged to have the team mentor us as we enter our next phase of growth.”
The founding team of PrimeOS comprises four IIT alumni who have worked in key leadership roles with prominent organizations before embarking on their entrepreneurial journey. The CEO, Chitranshu Mahant was the former head of sales at Smartivity, while the COO, Aman Verma was a team lead at Paytm and its CTO Aman Gupta worked at Samsung. The product head of PrimeOS is Advait Vaidya.
Last month, Venture Catalysts has announced an investment in medical devices technology company, iNICU (integrated Neo Natal Intensive Care Unit). VCats invests $250K – $1 million in early stage startups that has potential to create enduring value for over a long period of time. Its recent investments include in startups like crowdfunding platform ImpactGuru, Kolkata-based Ideal Insurance Brokers, and lingerie brand InnerSense.