Worldwide VC firm Antler has announced plans to start operations in India and has already funded more than 150 companies in the nation in the following last four years.
Founded in 2017, Singapore-based Antler has a presence in 11 locations worldwide and has already invested in and supported the set up of over 160 companies since launch, including outsourcing stage Sampingan, eSim seller Airalo, and AI and mechanical technology startup Cognicept.
Its operations in India will start in Bengaluru, with Urban Ladder prime supporter Rajiv Srivatsa driving the charge as partner as per an announcement.
Srivatsa began Urban Ladder in 2012, helping the organization raise over US$100 million in funding from Marquee Financial specialists. Before that, he held a few positions at organizations like Yahoo, Cognizant, and Infosys.
Antler’s inaugural India program will commence in the city during the second half of the year and is relied upon to run over a six-month time frame in two stages. The organization likewise plans to enter other significant urban cities in India in the following three to five years.
“Many reports suggest that over the next five years India will become the world’s third-biggest market and estimated to be 5 trillion-dollar economy, fuelling immense growth for the digital economy,” the founder and CEO of Antler, said.
“Today, India is at the same phase where China was 10 years prior,” according to Srivatsa. “We will launch an India finance and team up with the whole environment including VCs, angels, and work intimately with corporate channels and functional experts as guides to control the India opportunity ahead this decade.”
In April, Antler reported that it would contribute an aggregate of up to US$500,000 in new companies handling Covid-19. It’s hoping to back up to five new companies that can propose solutions in areas such as mitigation, remote health, digital tools, and medical equipment.