Early-stage investment platform Antler India is investing $10 million in idea-stage startups, while debt marketplace for startups Recur Club has announced its latest credit offering.
Antler India to invest $10m in idea-stage startups
Early-stage investment platform Antler India has decided to invest $10 million in idea-stage startups, according to a top executive at the firm.
Some of the firm’s investments include Adaptive, Apnibus, Bookee, Bold Finance, Covrzy, Gladful, Hexo, IndiaP2P, Inferless, Inspecity, OnArrival, Plotch, Sangti, and StepChange, among others.
In a LinkedIn post, Antler India partner Nitin Sharma said he and partner Rajiv Srivatsa are committing $10 million from Antler India to stellar idea-stage companies in the coming six months.
The cheque size would be $500K, and the firm will make 20 investments.
“Now is the best time to build a startup in India and for us to back exceptional founders even at the idea stage,” Sharma said in the post.
Recur Club to deploy $120m through new offering
Debt marketplace for startups Recur Club has announced its latest credit offering, Recur Scale, for financing Series A, B, and beyond startups and SMEs with Rs 40 crore and above revenues.
The credit offerings for startups and SMEs include secured term loans, venture debt, acquisition financing, operating leases, working capital loans, bill discounting, vendor financing, and many more. It will provide debt offerings of up to Rs 100 crore for a range of sectors such as SaaS, tech, e-commerce, manufacturing, EV, D2C, agritech, and others.
Recur Club intends to deploy a total of Rs 1,000 crore with the Recur Scale programme for startups and SMEs, along with an additional Rs 2,000 crore through its Recur Swift programme for startups in FY24-25.
For the offering, Recur Club has partnered with over 120 marquee lenders, such as InCred, Tata Capital, Aditya Birla Capital, etc.