Pre-seed investment firm Antler India announces final close of maiden fund at Rs 600Cr

Pre-seed investment firm Antler India has announced the final close of its maiden fund at Rs 600 crore.

The fund is dedicated to India and will support nearly 100 early-stage startups from the idea to the pre-seed stage.

Antler India has already allocated 20% of the total corpus from its initial fund to 27 startups, 13 of which have secured follow-on funding.

The fund has witnessed substantial participation from domestic capital pools, including the Small Industries Development Bank of India, and other investors.

The firm will allocate nearly half of the corpus for new investments, with the remainder focused on follow-on investments.

Antler India operates with a cohort-based approach, aiding single founders in connecting with potential co-founders and assisting existing teams with initial products.

The firm is sector-agnostic and aims to reflect the directions in which founders are moving, leveraging global networks to back companies that align with their themes.