“Antler aims to invest over $100M in India across funds in the next four years. These funds will support founders from the idea stage, all the way to Series A and B. Nitin will co-lead the India efforts with Rajiv Srivatsa, co-founder of Urban Ladder,” the company said in a statement.
Sharma has invested in more than 50 tech startups in multiple geographies. He previously worked with NEA and was a founding team principal at Lightbox Ventures in India.
“While opportunities in India are boundless, a few key gaps persist especially at the seed and pre-seed stage: a truly global partner that can bring institutional resources and significant follow-on commitment even at the idea stage,” said Sharma. “This is exactly why Antler can fill the gaps and have a transformative impact.”
Sharma-founded FirstPrinciples VC is a thesis-driven syndicate and portfolio of more than 35 startups, including Fynd (acquired by Reliance), OnJuno, Niki, Kutumb, SharesPost (acquired by Forge) and XOKind. Its portfolio startups will now have access to Antler’s vast global network, capital and resources, according to the statement.
“Nitin’s hands-on approach and international experience is immediately recognised by numerous founders in the market, and with our combination of an ex-founder and an investor working in tandem, we will help founders in India with a very rich set of perspectives,” said Srivatsa, co-lead, Antler India.
An MBA from The Wharton School, Sharma serves on the India Advisory Boards of AngelList, the USC Viterbi School of Engineering, and TheBetterIndia, and has advised the government policy think tank (Niti Aayog) on frontier tech policy making.
Antler has offices in London, Berlin, Bengaluru, Stockholm, New York, Singapore and Sydney. Founded in Singapore in 2017, Antler has invested in over 250 companies so far.
“India is a priority market in Antler’s objective to create a world-changing impact. India is a hotbed of innovation and we are thrilled to double-down on the market with this leadership team,” said Magnus Grimeland, founder and CEO, Antler.