Antel India, a venture capital firm, announced on Wednesday that it intends to invest $25 million, or roughly Rs 211 crore, in 50 startups by 2025.
In 2024, the venture capital business used its first $75 million fund to invest in 30 startups.
"Antler intends to make 50 investments by 2025 and increase investments even more throughout the course of the upcoming year. We intend to invest $25 million in the 50 businesses," added Rajiv Srivatsa, a partner at Antler India.
Bizup, a wholesale marketplace for fashion retail, Meine Electric, a company that specializes in aluminum-air fuel cell technology, Namma Yatri, an open mobility platform, Keeper, a personal loan facilitator that uses paid leaves as digital assets for salaried employees, Cautio, an AI-powered dashcam provider, and others are among the company's 2024 investments.
"The caliber of the founders we are meeting and our belief that India can produce the next generation of multinational technology firms are both reflected in our investment pace. This year, we have invested in 30 businesses, many of which started as a result of our Residency program, which gave entrepreneurs the chance to test their concepts, assemble capable teams, and get early client traction before writing their first check," Srivatsa stated.
Antler's next residency cohort in India is set to begin in February 2025.
