Early-stage VC Antler to deploy $100m in Indian technology startups

Photo: Pixabay

Global early-stage venture capital (VC) fund Antler on Wednesday said that it plans to invest over $100 million across Indian technology startups in the next four years.

The fund has appointed seasoned investor Nitin Sharma as partner and co-lead for its India operations. Sharma earlier founded FirstPrinciples VC in 2018, which has invested in over 35 startups including Fynd, acquired by Reliance Jio; Niki, backed by Ratan Tata; Pocket Aces, backed by Sequoia among others.

Sharma will co-lead the India efforts with Rajiv Srivatsa, who is the co-founder of Urban Ladder, and was appointed to the fund last year.

Prior to this, Sharma was a part of the investment team at Lightbox Ventures, a consumer internet fund, whose portfolio includes InMobi, Dunzo and Cleartrip. He was also a partner with venture firm New Enterprise Associates in the US.

During its launch in June, last year, Antler said that it plans to invest in up to 40 companies within the first year of its operations in the country. The VC firm looks to make investments right from the early stage, all the way to Series A and B.

With the $100 million fund, it plans to back 150 Indian startups over the course of next 4 years.

“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,” said Magnus Grimeland, founder and CEO of Antler, earlier during the launch of the fund in India.

Singapore-headquartered Antler is present in 11 locations around the world and has invested in over 160 technology-companies till date.

The article was first published on livemint.com

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.