Global early-stage venture capital firm (VC) Antler on Monday said that it is launching in India and plans to build more than 150 startups in the next four years, enabling more entrepreneurs to leverage their platform, support and global reach.
The India operations will start in Bengaluru and be led by Rajiv Srivatsa, co-founder of Urban Ladder, who is joining as Partner.
Antler plans to invest in up to 40 companies within its first year of operations in India through an India-dedicated fund. Additionally, it will expand to other major cities in India in the next three to five years, the company said in a statement.
The inaugural India program will kick off in Bangalore in the second half of 2020. The Antler program runs over a six-month period in two phases. The first phase is about building the right team with co-founders who have complementary skills. After the first phase of ten weeks, Antler invests in the strongest teams, who go on to the second phase to build and scale the startup.
Antler will collaborate with VCs, angels and work closely with corporate partners and functional specialists as mentors, to power the Indian startup ecosystem, added Rajiv.
This article was first published on livemint.com.