Antler India introduced Antler ONDC, a venture platform focused on the Open Network for Digital Commerce (ONDC). The platform seeks to offer startups creating ONDC funds an expert network, community, and funding.
The platform will provide teams with viable ideas with $30OK in pre-seed funding and extra funding of up to $200K. Additionally, it will let founders of pre-teams and pre-ideas grow on ONDC.
“As the first VCs to launch a platform to increase talent density and enable opportunities on ONDC, we are excited to partner with Nandan Nilekani, and the FIDE, ONDC leadership. We are excited to see founders building at population scale in themes like complex commerce, vernacular commerce and flow-based lending, to name a few,” Nitin Sharma, a partner at Antler in India, said.
“We are going to democratise ecommerce in India and it won’t be limited to a few players. Everyone, every supplier, including kirana stores, grocery retailers, electronics retailers, small vendors, and restaurants, should participate in the digital marketplace on an open platform,” Nilekani said.
Antler is the investor who has supported the world’s most ambitious entrepreneurs all the way to success. It partners with individuals on six continents to establish and scale high-potential enterprises that address significant opportunities and issues. Antler was founded on the concept that people innovating is the key to creating a better future. Antler contributed to the creation of and invested in more than 850 businesses thanks to a personal commitment that goes beyond conventional investing.