Anthill Ventures, an investment and scaling platform for early-stage startups, has formed a partnership with Deven Choksey, a luminary in the public stock market to bring knowledge, expertise, and transparency to its fund operations.
Through this partnership, Deven will invest an undisclosed amount in Anthill Ventures and as a member of Anthill's Investment Committee (IC) lend his expertise in screening incoming opportunities.
Anthill Ventures helps startups raise funding within 12 to 18 months. Anthill Ventures primarily focuses on tech startups in fintech, healthtech, life sciences, media and entertainment, and smart cities. To help with funding this scaling platform networks with venture capitalists, private equity firms, and family offices.
Deven Choksey, the Managing Director of KRChoksey Shares & Securities Private Limited, has previously served as a Bombay Stock Exchange Director and Board Member of the BSE Derivative Stock Exchange. He will work closely with Devang Mehta, a partner at Anthill Ventures based in Mumbai. The stock exchange guru will introduce Mehta to his vast client base and advise them on the growth of the India’s startup industry.
"We are delighted to have someone of Deven's pedigree investing and supporting the fund operations" said Mehta, partner at Anthill. "His extensive knowledge of the financial markets in India, deep industry connections, and a passion for the Private Equity space will help us immensely in every aspect of our fund operations"
"I am very impressed with Anthill's team, its sourcing network, its speed scaling system that guides startups during its various phases of growth" said Choksey. "Positive developments like the formation of SME exchanges and large exits are helping the Venture Capitalist industry in India to grow on its own and consequently helping the talented entrepreneurs and ultimately resonating well with investors across the spectrum, he added."