Anthill Ventures, an early growth stage venture capital and scaling platform for startups, has partnered with swissnex India to connect Switzerland and India in the fields of education, research, and innovation. The partnership will aim to build closer links between the Indian market and the Swiss startup, education and innovation ecosystem.
An initiative of the Swiss Government, swissnex India, Consulate General of Switzerland, has been on the forefront of enabling Swiss startups enter India, through startup advisory, and market access for the past five years. While swissnex will continue to identify and mentor the Swiss startups for Indian market entry, Anthill will partner with swissnex to selectively speed scale these startups in the Indian market.
Through this partnership, Anthill has targeted to achieve certain outcomes such as the discovery of mutual strengths and possible exchange between Switzerland and India in the fields of startup, joint programs like accelerators and corporate innovation, knowledge sharing and strategic investments in Swiss startups by Indian investors.
“We are very excited to work with Anthill Ventures, to take the natural next step in speed scaling Swiss startups in India. Anthill Ventures brings in a very strong Indian market access and understanding which is crucial for Swiss startups and entrepreneurs to grow in the Indian market. Looking forward to a great collaboration,” said Sébastien Hug, CEO, swissnex India and Consul General of Switzerland in India.
“Anthill Ventures is optimistic to partner with swissnex and support Swiss and other European startups grow in India. Our partnership will offer market access and speed scaling ecosystem for Swiss startups to evolve strategically in a challenging market like India. We look forward to doing some great work together, said Bharani Setlur, partner, Anthill Ventures.
Prasad Vanga, CEO of Anthill Ventures had joined the Indian investors’ delegation to Switzerland anchored by Prateek Khare, head of entrepreneurship and innovation at swissnex India to explore the Swiss startup ecosystem in October 2017. The tour offered promising results including introductions to Swiss VCs and angel investors who could potentially take Indian startups to Europe and explore possible joint investments in the future.
Anthill Ventures primarily focuses on fintech, healthtech, infra, the future of lifestyle, and media and entertainment segments. The partnership helps in establishing associations with Switzerland which is at the forefront of creating the most innovating technology expertise, and India which has a tremendous market size, potential and appetite. The partnership further allows the Indian businesses and consumers to have deeper insights on Swiss innovation and technology, whereas the Swiss entrepreneurs could have the unique possibility to gain traction and growth in India, one of the largest emerging economies in the world.
In addition to their investments, Anthill brings a unique speed scaling platform to work with startups that can scale them towards a series A within 12 months.