Antler India plans to double its investments in CY2024, following the closure of a ₹600 crore ($75 million) maiden #India-focused fund earlier this year, having already invested in 63 startups and aiming for 100-120 more by year-end:
1️⃣ The firm focuses on pre-seed startups and operates independently from its global entity in #Singapore, with a specific interest in #SaaS, #fintech, #GenAI, and startups utilizing large networks like Open Network For Digital Commerce (ONDC).
2️⃣ #AntlerIndia recently led an $11 million pre-Series A funding round in Bengaluru-based Namma Yatri, alongside Blume Ventures and Google, aligning with its strategy of backing startups that build digital public infrastructure.
3️⃣ #NammaYatri uses a subscription model for cab drivers, charging a per-day fee, in contrast to competitors like Ola, Uber, and Rapido, which take a 25-30% commission per ride.
4️⃣ Nitin Sharma and Rajiv Srivatsa co-lead Antler India, with Sharma emphasizing Namma Yatri's disruptive business model in the urban mobility space, a segment with little innovation in the past 12 years.
5️⃣ Antler India's portfolio includes HouseEazy, IndiaP2P, InspeCity, ApniBus, and LogX. The firm is also exploring opportunities in Gen AI in edtech, senior care, pet care, and lithium-ion alternatives.
6️⃣ Launched in 2020, Antler India focuses on day-zero investing, supporting entrepreneurs even before ideas are finalized, and leverages a global network across 30 locations to offer early-stage startups quick access to international resources.
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2moIt's incredible to see such a diverse range of innovations coming together to shape India's future. This initiative not only highlights the ingenuity present in both urban and rural areas but also fosters a collaborative ecosystem that can drive sustainable growth.