Antler India Announces First Set Of Pre-Seed Investments
Antler India is an institutional pre-seed fund in India, investing in the first 12 months of the founder journey while supporting portfolio companies with significant follow-on funding and platform support.
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In its first 8 months, Antler India has invested in more than a dozen early-stage startups for investments across diverse sectors such as FinTech, SaaS, EdTech, E-commerce, D2C, HRTech, and more. Earlier this year, Antler, one of the world’s fastest growing VCs, launched in India with the goal of deploying $100M in the country over the next 3 years.
Rajiv Srivatsa, Partner at Antler India says, “The 13 portfolio startups were selected from nearly 5000 startups representing 8000 founders - making the funnel amongst the largest and the most selective in the country, at an acceptance rate of less than 0.3%. Additionally, the large volumes of inbound applications to the fund means that we see more than two-thirds of all startups in the idea or pre-traction phase in India - this places us in a unique position of getting the first glimpse into new ideas and startups the next generation of Indian founders are aspiring to build.”
Antler India is an institutional pre-seed fund in India, investing in the first 12 months of the founder journey while supporting portfolio companies with significant follow-on funding and platform support. It recently announced its first set of investments in Peak Performer, Codedamn, Bookee, Flow Club and Humit. The firm will announce the remaining investments over the next few months. The overall portfolio includes 31% female founders, 30% GenZ founders and 39% repeat founders, with more than half of the portfolio building for the global market. Additionally, 70% of the startups are in the idea, prototype and pre-traction stages.
Here is a roundup of Antler India’s current portfolio:
A tech-enabled leadership development platform, Peak Performer is a full stack solution to help companies upskill managers at all levels. Second-time founders Aishwarya Goel and Nilesh Agarwal, who recently joined as Co-founder and CTO, are building the platform by integrating custom 1:1 coaching, continuous learning, assessment and behavioral growth. Earlier this October, Peak Performer announced the launch of its new app that enables a more intelligent, automated and continuous coaching journey, along with a host of new features. The startup has seen a rapid revenue growth of 20% month-on-month and reports strong retention metrics with time spent on platform per learner growing by 40% month-on-month.
Codedamn is an interactive coding platform making industry-level coding skills accessible and solving for interactive learning at scale. Founded by 22-year-old entrepreneur and BITS Pilani graduate Mehul Mohan, Codedamn has tens of thousands of registered users, and paying users from over 60 countries across the world. It has recently released Codedamn Creator, a tool that enables teachers and creators anywhere to launch their own interactive programming courses.
Bookee, a vertical SaaS startup focused on the U.S. fitness industry, is building best-in-class software to enable 300k fitness entrepreneurs across the world to scale their businesses.
Vistar Singh and Rajat Hans founded Bookee in 2020 amidst COVID disrupting traditional fitness businesses, and are scaling rapidly in the U.S. market.
Flow Club is a social investment platform that enables people to invest and build financial freedom alongside their friends. With the mission to empower Gen Z and millennials, the founders, Gopikrishnan Mohan, Gokul Harikumar and George Shanti, are building Flow Club to be a social-first personal finance operating system for the younger generation. Their social investing product is slated to launch this month.
Humit is a social music platform that is aiming to reinvent music sharing and discovery by leveraging community and social tastemaking. Co-Founded by BITS Pilani graduates and music lovers Rohit Ganapathy, Prithvi Sankar and Ishaan Negi, Humit is reimagining the way people discover, share and express themselves with their taste in music. Since launch, Humit has seen 15% month-on-month increase in time spent on the app and is now set to launch a set of new features that enable music sharing and community.
Nitin Sharma, Partner at Antler India says, “As India’s seed and early stage ecosystem matures, it’s time for an institutional platform at the pre-seed stage to help founders build global-ready unicorns. While Antler India is sector agnostic, we are quite passionate about several new and emerging themes that often cut across conventional sectors or spaces. These include decentralization, Web3 and the metaverse, new brands, climate change and wellness among others. Most startups in these spaces will be global from Day 1 - and given our expertise and global platform-approach spanning investors, talent pool and domain experts in 15 countries, we are especially well suited for early stage startups in these future-forward verticals.”
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