Antler to Invest $10 Million in Early-Stage Indian Startups Over Next Six Months
Antler, the venture capital firm, announced plans to invest $10 million in early-stage Indian startups over the next six months. Partners Rajiv Srivatsa and Nitin Sharma will lead the initiative, targeting idea-stage founders with investments of $500,000 per company, totaling 20 investments. This $10 million is part of the $75 million that Antler committed for India. Srivatsa shared the news on X, emphasising the timeliness of building startups in India. “NOW is the best time to build a startup in India!,” he posted. He also provided further details on the investment: “Towards this, Nitin Sharma & I are committing $10M from @AntlerIndia into exceptional idea-stage founders in the coming 6 months. $500K per company X 20 investments – We will work with you in your ambiguous -1 to 0 phase and get you >$1Mn in total within 6-9 months of starting up!” NOW is the best time to build a startup in India!Towards this, @nitinsharma1 & I are committing $10M from @AntlerIndia into exceptional idea-stage founders in the coming 6 months. $500K per company X 20 investments – We will work with you in your ambiguous -1 to 0 phase and…— Rajiv Srivatsa (@telljeeves) June 12, 2024 Srivatsa encouraged aspiring entrepreneurs to write “Build” in the comments to get a message from the Antler team. He also invited those with startup ideas or interest to tag others and join an AMA next week for more details. Antler launched the $285 million Antler Elevate Fund in June 2023, focusing on Series A rounds and later stages, with investments ranging from $1 million to $10 million. Since its establishment in 2018 in Singapore, Antler has expanded its investments and networks globally, covering regions such as the U.S., Europe, Africa, and Asia, including Vietnam, Japan, and Malaysia.
‘NOW is the best time to build a startup in India!”
Antler, the venture capital firm, announced plans to invest $10 million in early-stage Indian startups over the next six months.
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["AI", "RAG", "R", "API", "ViT", "startup", "venture capital", "programming_languages:R"]
Siddharth is a media graduate who loves to explore tech through journalism and putting forward ideas worth pondering about in the era of artificial intelligence.