The first speed-scaling accelerator programme in India, Anthill Spirits, has been launched by Anthill Ventures, a worldwide venture capital and speed-scaling ecosystem. Anthill Spirits will help early-stage alcohol start-ups.
In order to help entrepreneurs develop cutting-edge brands and technology for the rapidly expanding Indian alcohol market, which is predicted to be valued close to USD 50 billion by 2023, Anthill Spirits will offer capital and market access, as per reported by BW Disrupt.
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Prasad Vanga, Founder and CEO of Anthill Ventures said, “With our successful speed-scaling mantra, we aim to back courageous entrepreneurs disrupting the alcoholic beverages industry. We bring smart capital to enable the visionary brands and entrepreneurs whom we back to win.”
Anthill Spirits will invest up to $1 million in the venture-building process with a strong founding team, business concept, and core team. Startups must have a product-market fit, a large market, and at least two core areas of operation.
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Nayan Deekonda, CEO of Anthill Spirits said, “With the shift in demand from mass and traditional brands to premium/super-premium beverages, we see an opportunity to invest in and support visionary brands and technologies.”
About Anthill Ventures
An investment and scaling platform for early-stage startups that want to grow quickly in Indian markets is Anthill Ventures. Their central idea is to identify the best global partners among funds, family offices, and accelerators before co-investing with them in highly scalable business concepts with potential for expansion in Asia.
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