Anthill Ventures plans $100 million hybrid fund for Indian startups, seeks investors moving to diversify from China

According to Founder and CEO Prasad Vanga, the institution aims to rise $100 cardinal for a hybrid backstage recognition and equity fund. This money volition enactment Indian startups specializing successful user experiences, wellness, and entertainment.

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Portfolio Composition

Vanga highlighted that the fund's portfolio volition dwell of exertion startups and user brands, each denominated successful US dollars. Financing for the brands is expected to instrumentality the signifier of indebtedness initially, with the imaginable for conversion into equity arsenic the companies expand, arsenic per the report.

The planetary backstage recognition market, valued astatine $1.7 trillion, has emerged arsenic a formidable alternate to accepted lending, offering investors higher returns. India, successful particular, has attracted important attraction successful this space, drafting involvement from planetary firms similar Cerberus Capital Management LP and Varde Partners LP, it added.

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Addressing Financing Challenges

For Anthill Ventures, the determination into the backstage recognition assemblage presents an accidental to enactment startups often overlooked by accepted banks. “Securing indebtedness successful India is pugnacious arsenic banks typically privation information and don’t judge startup institution valuations. So that’s a immense accidental for us," Vanga told Bloomberg.

According to accusation disposable connected Anthill’s website, Vanga has a way grounds of backing palmy companies, including Tynker, a coding level acquired by online acquisition elephantine Byju successful 2021.

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(With inputs from Bloomberg)

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Published: 02 May 2024, 09:41 AM IST