Antler, a Global early-stage venture capital (VC) fund, plans to invest more than $100 million across Indian technology startups in the next four years.
To manage the money, Antler has appointed seasoned investor Nitin Sharma as partner and co-lead for its India operations.
Nitin Sharma is a seasoned investor and had founded FirstPrinciples VC in 2018, which has invested in more than 35 startups. These startups include Fynd, an omnichannel, online-to-offline platform to fashion retailers and Niki, an artificial intelligence company.
Coming back to the news, Antler aims to make investments right from the early stage to Series A and B.
And with the $100 million fund, the VC firm plans to back 150 Indian startups over the next four years.
During the launch of the fund in India, Magnus Grimeland, Founder and CEO of Antler, said,
“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.”
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