Catapooolt is acquired by crowdfunding platform DesiredWings

Catapooolt, a crowdfunding platform which focuses on project categories such as sports, politics, social enterprises and startups apart from creative projects has been acquired by Desiredwings, a tech-enabled platform supporting aspirations, dreams and desires. The sum is undisclosed.

Catapooolt handholds entrepreneurs at different stages of their journey by bringing in other entrepreneurs and backing them to achieve the next milestone. The company received seed investment from ah! Ventures in 2014 as the venture capitalist felt it could alter the funding contours in Asia.

Both Catapooolt and Desiredwings will remain in the market post-acquisition, focusing on different segments of the crowdfunding industry. Both brands stand as "leaders in the crowdfunding business and plan to grow farther at a more fierce pace," by Shabir Momin, co-founder, Desiredwings.

"I see a much larger and structured growth with a new vision which helps us together cover larger geographies and industry verticals," Catapooolt MD Satish Kataria said.