Senior executive departs from investment company Antler India
In the dynamic world of startups, several significant developments have been unfolding across India. Here's a roundup of the latest news:
- Traveltech firm OnArrival has partnered with Antler India, the local arm of a global venture capital firm. However, details about the partnership are yet to be disclosed.
- Antler India, which operates under the name Antler Innovation India, has seen a change in leadership. A senior executive has recently stepped down after nearly five years with the early-stage investment firm. Unfortunately, the identity of this executive remains undisclosed due to the article being behind a premium paywall.
- Meanwhile, JustMyRoots has acquired Antler-backed The State Plate. The State Plate, a food-tech startup, offers a unique culinary experience by delivering authentic regional dishes from across India.
- It's not just Antler-backed companies that are making headlines. Early-stage startups Hypd and Janitri have secured funding, along with two other unspecified companies. The exact amount of funding secured by these startups remains undisclosed.
- Another notable development comes from Azure, which is planning to raise $700 million. The details about this funding round are yet to be disclosed.
- Truva, 4baseCare, and two other companies have also secured early-stage funds, but the specifics about the amount and terms of these funding rounds are not available.
- Antler, the global venture capital firm, is aiming for the final close of its debut fund. More details about this fund and its focus areas are expected to be revealed soon.
- Despite the change in leadership at Antler India, the company continues to provide pre-seed and seed-stage capital to startups in various sectors. The impact of the resignation on Antler India's future plans and operations remains unclear at this point.
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- The partnership between traveltech firm OnArrival and Antler India, a global venture capital firm, might involve investing in innovative startups, as Antler is known for its role in venture-capital funding.
- Despite the recent departure of a senior executive from Antler Innovation India, the company remains committed to providing financial support to early-stage startups in various sectors, particularly in the field of venture-capital investing.
