Anthill Ventures Mulls $100 Mn Hybrid Fund For Indian Startups: Report

Share via:


SUMMARY

The company plans to raise $100 Mn for a hybrid private credit and equity fund

The fund’s portfolio will comprise both technology startups and consumer brands, all denominated in US dollars

Anthill Ventures sees its entry into the private credit sector as a chance to back startups often neglected by traditional banks

Anthill Ventures, an investment and scaling platform for early stage startups, is planning to launch a hybrid fund targeting the startup sector amid a rise in investor interest in India.

As per Bloomberg’s report, Anthill’s founder and CEO, Prasad Vanga, said that the company plans to raise $100 Mn for a hybrid private credit and equity fund, which aims to support Indian startups specialising in consumer experiences, wellness and entertainment.

Vanga added that the fund’s portfolio will comprise both technology startups and consumer brands, all denominated in US dollars. 

As per the report, the financing for these brands is anticipated to begin as debt, with the possibility of conversion into equity as the companies grow.

The global private credit market, valued at $1.7 Tn, has emerged as a significant alternative to traditional lending, offering investors potentially higher returns. India, in particular, has attracted significant attention in this space, drawing interest from global firms like Cerberus Capital Management LP and Varde Partners LP, the report added.

Anthill Ventures sees its entry into the private credit sector as a chance to back startups often neglected by traditional banks.

“Securing debt in India is tough as banks typically want security and don’t accept startup company valuations. So that’s a huge opportunity for us,” Vanga told Bloomberg.

Anthill Ventures’ portfolio includes companies such as Ketto, 91Springboard, Thrillophilia, Alixir, SheildSquare and Zypp Electric, among others.

This development comes just a month after Anthill Ventures participated in a funding round for Woodsmen Mountain Whiskey, an alcoholic beverage startup.

Besides, in 2020, Anthill Ventures launched its consumer brand accelerator Urban-i, shortlisting seven startups focused on personal care, fashion, food and beverages, nutrition, and more. The selected startups include Herringbone & Sui, Smitch, Living Food Company, RE/MIND, Pulp, Tasty Tales, and SoulFuel. 





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Popular

More Like this

Anthill Ventures Mulls $100 Mn Hybrid Fund For Indian Startups: Report


SUMMARY

The company plans to raise $100 Mn for a hybrid private credit and equity fund

The fund’s portfolio will comprise both technology startups and consumer brands, all denominated in US dollars

Anthill Ventures sees its entry into the private credit sector as a chance to back startups often neglected by traditional banks

Anthill Ventures, an investment and scaling platform for early stage startups, is planning to launch a hybrid fund targeting the startup sector amid a rise in investor interest in India.

As per Bloomberg’s report, Anthill’s founder and CEO, Prasad Vanga, said that the company plans to raise $100 Mn for a hybrid private credit and equity fund, which aims to support Indian startups specialising in consumer experiences, wellness and entertainment.

Vanga added that the fund’s portfolio will comprise both technology startups and consumer brands, all denominated in US dollars. 

As per the report, the financing for these brands is anticipated to begin as debt, with the possibility of conversion into equity as the companies grow.

The global private credit market, valued at $1.7 Tn, has emerged as a significant alternative to traditional lending, offering investors potentially higher returns. India, in particular, has attracted significant attention in this space, drawing interest from global firms like Cerberus Capital Management LP and Varde Partners LP, the report added.

Anthill Ventures sees its entry into the private credit sector as a chance to back startups often neglected by traditional banks.

“Securing debt in India is tough as banks typically want security and don’t accept startup company valuations. So that’s a huge opportunity for us,” Vanga told Bloomberg.

Anthill Ventures’ portfolio includes companies such as Ketto, 91Springboard, Thrillophilia, Alixir, SheildSquare and Zypp Electric, among others.

This development comes just a month after Anthill Ventures participated in a funding round for Woodsmen Mountain Whiskey, an alcoholic beverage startup.

Besides, in 2020, Anthill Ventures launched its consumer brand accelerator Urban-i, shortlisting seven startups focused on personal care, fashion, food and beverages, nutrition, and more. The selected startups include Herringbone & Sui, Smitch, Living Food Company, RE/MIND, Pulp, Tasty Tales, and SoulFuel. 





Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

Website Upgradation is going on for any glitch kindly connect at office@startupnews.fyi

More like this

Ahead Of IPO, Swiggy Bags INR 5,085 Cr From...

SUMMARY The startup allotted 13.03 Cr shares to 75...

Symbiotic Security helps developers find bugs as they code

Symbiotic Security, which is announcing a $3 million...

PB Fintech Posts Fourth Profitable Quarter In A Row,...

SUMMARY PB Fintech reported a consolidated net profit of...

Popular

Upcoming Events

Startup Information that matters. Get in your inbox Daily!