Private Equity

Fund News

Antler India raises Rs.500-Cr for maiden fund

Entrackr  

Early-stage investment firm Antler India has closed INR 500 crore of its INR 600 crore (USD 75 million) maiden fund. Domestic capital sources, including SIDBI, have provided over INR 325 crore of the total fund raised. Governmental organisations, healthcare endowments, and Antler's international limited partners were also among the fund's investors. With the corpus, the fund is looking to back nearly 100 early stage startups at the idea to pre-seed stage, and will reserve a portion of the fund to double down on top portfolio performers. The fund will continue to invest USD 200,000-400,000 in new portfolio companies in software-as-a-service, fintech, generative AI and startups building on large network protocols such as Open Network for Digital Commerce (ONDC). Antler India has already invested 20% of the total corpus from the fund in 27 firms including Bold Finance, Covrzy and Hexo. Of these, 13 have raised follow-on funding.