Anthill Ventures plans to launch Hybrid fund focused on Indian Startups
Anthill Ventures, an Indian-based Firm planning to launch a hybrid fund specialized on the startup sector as the investors are taking ride to the Asian countries among a Chinese economy’s slowdown.
According the Founder & Chief Executive, Prasad Vanga, the Company aims to upraise $100 million for a cross private credit & equity fund to support startups in Indian startups that focuses on customer experiences, health & wellness, media, entertainment.
Vanga also stated, the US dollar-based assortment will be poised of tech-driven startups & consumer-focused brands. Funding for the brands to be expected in the system of debt along with the option to adapt it an equity stake as soon as the company effectively scales up.
The global private credit market of $1.7 trillion has become a serious challenging to lend mainstream, to attract investors by providing greater return rates. Today, India has become a main source for private credit system as the international firms including Varde Partners LP & Cerberus Capital Management LP looks to rap into the largest growth market of India.
On behalf of Anthill, the play of private sector offers potential opportunities for a startup ecosystem which is frequently not able to access the financing from traditional banks. Regarding this, Vanga states, “Securing debt in India is tough as banks typically want security and don’t accept startup company valuations”.
As per the website of Anthill, Prasad Vanga has funded diverse prosperous startups such as Tynker, a coding platform which was developed by digital education startup Byju in 2021.
