Odaily Planet Daily News Venture capital company Antler India said that its first phase of 6 billion rupees (about 75 million U.S. dollars) pre-seed fund is about to be completed. It has completed 5 billion rupees (about 62.5 million U.S. dollars) and plans to raise funds this quarter. Finally done. The fund is backed by investors representing six institutions and sovereign wealth funds, including the Small Industries and Development Bank of India, and 125 limited partners.
Antler has committed to 45 investments ($200,000 to $400,000 each) in SaaS, fintech and consumer technology, as well as investments in Open Network Digital Commerce (ONDC), AI, Web3 infrastructure, vertical SaaS and other areas.
Earlier news, early-stage venture capital institution Antler raised US$285 million for its emerging growth fund Antler Elevate, with investors including M&G Catalyst, Schroders, Vaekstfonden and Korea Venture Investment Corp. (YOURSTORY)