Global VC Antler invest $100 million in Indian startups

On January 20, Global venture capital (VC) fund Antler notified that the firm is planning to invest over $100 million to back Indian technology startups during the four upcoming years.

The headquarter of VC Antler firm is based in Singapore, having 11 branches throughout the world; it has invested in over 160 technology-companies so far. With the $100 million fund, the firm plans to support 150 Indian startups in the duration of next 4 years.

Previously in June 2020, Antler had said that it plans that during the first year of its operations in India they invest in up to 40 companies. The VC wants to make investment in the early stage, all the way to Series A and B.

"We believe the Indian entrepreneurial ecosystem has massive potential. We want to lower the barriers for exceptional people to start a technology company, regardless of their background or geography. In addition, we want to provide India originating startups with Antler’s global platform to ensure startups from India can expand, scale, succeed and tap into expertise on a global level."

In addition to this, the early-stage VC appointed Nitin Sharma as partner and co-lead to look after its India's operations. The seasoned investor will co-lead Antler's efforts with Urban Ladder co-founder Rajiv Srivatsa. In 2020, he was appointed to the fund.