Funding and scaling platform Anthill Ventures is elevating its second fund, which can give attention to large-ticket investments. The second fund will spend money on international startups seeking to increase Collection A, B and C spherical, and its dimension is more likely to be round $150 million.
Whereas Anthill Founder & CEO Prasad Vanga confrimed that they’re rasing the second fund, he didn’t touch upon the scale of the fund.
“We’re elevating the second fund in order that we are able to personal the pipeline from seed stage, all the way in which as much as large ticket fundings,” mentioned the previous Genpact government, who based Anthill in 2015.
The second fund, which is more likely to be rolled out subsequent month, might be making bets on no less than 30 startups over the course of a few years. Anthill’s present LPs are a mixture of household workplaces, and strategic institutional traders.
The platform which follows a VC-accelerator mannequin is presently deploying seed and pre-Collection A investments from its first fund of Rs 80 crore fund. It has invested about Rs 20 crore in 19 startups from this India-focussed fund and has a goal to guess on 36 startups total from this fund.
“The brand new fund will decide up the winners of the previous fund. Plus, we may even make investments into new firms,” mentioned Vanga.
Total up to now six years Anthill has invested in additional than 40 startups globally within the well being, media and concrete tech areas reminiscent of Rooter, WedMeGood and DoctorC.
The platform can also be rolling out an accelerator programme for startups within the city know-how area. Known as Indus X, it is going to be a six-month-long programme the place 8-10 pre-series A and Collection A startups might be mentored to scale with pace. The startups which attain their milestones and obtain scale will obtain an funding from Anthill and different co-investors to the tune of $1-3 million.
“Our first cohort ought to be between seven to 10 firms, of which we’ve already invested in just a few of them,” mentioned Zaran Bhagwagar, Head of A Scale, Anthill Ventures. The platform intends to run two such cohorts yearly for the following 4 or 5 years, which implies it is going to be mentoring 14-20 startups within the city know-how area encompassing developments reminiscent of clear water, clear power, sensible metropolis administration.