Anthill Ventures, an investment and scaling platform for early-stage startups, today announced it has received approval from the Securities and Exchange Board of India (SEBI) for its Category 1 Venture Capital Fund.
The Fund will invest in early stage technology companies at the Pre-A and Series A stage of the investing cycle with a primary focus on four verticals: health and life Sciences, media and entertainment, smart cities and financial technologies.
"All the investee companies will receive significant mentoring, market access and infrastructure support to catalyse growth in key areas," it said in a statement.
"Getting SEBI approval is an important milestone in our continued march towards becoming a premier speed scaling ecosystem" said Devang Mehta, Partner at Anthill.
"The formal go-ahead from SEBI, along with robust support from premier Corporate partners and industry leaders, is propelling our VC Fund towards a first close around end-August," he said.