Singapore’s Antler Launches ONDC-Focused Platform to Empower Pre-Idea Founders

Venture capital platform Antler has recently unveiled its Antler ONDC, an Open Network for Digital Commerce (ONDC)-focused venture platform in India. This initiative is a collaboration between Antler and notable figures such as Infosys co-founder Nandan Nilekani, FIDE (Beckn Protocol), and ONDC. 

Antler ONDC serves as a resource hub and expert network for founders who are developing projects within the realm of digital commerce. 

The platform is designed to offer a combination of pre-seed capital amounting to $300K, supplemented by an additional investment of up to $200K from key partners who present feasible proposals.

Furthermore, Antler ONDC’s focus extends to supporting founders even in their early stages, catering to pre-team and pre-idea entrepreneurs. The platform aims to facilitate their journey by offering a curated community that encourages collaboration with experts, operators, and prominent network participants. 

Notable entities like Magicpin, SellerApp, Plotch.ai and Namma Yatri are part of this initiative, contributing to the dynamic building and growth environment.

In addition to this collaborative atmosphere, the Antler India Residency program will be pivotal in nurturing aspiring founders on ONDC. This program, known for assisting entrepreneurs in forming co-founding partnerships and securing funding within a concise three-month timeframe, will extend its support to select founders working on ONDC, propelling their efforts to achieve scalability.

Established in 2017, Antler is a prominent early-stage venture capital entity on the global landscape, focusing on identifying and investing in the future’s groundbreaking technology enterprises. With a widespread presence in key entrepreneurial centers such as New York, Stockholm, Berlin, Sydney, London and Singapore, the firm operates globally. Antler has already extended support to more than 850 companies worldwide throughout its journey.

The firm’s strategic initiatives extend beyond geographical borders, making it a significant player in nurturing innovative startups and fostering their growth. Through its latest venture, Antler India seeks to contribute to the evolving landscape of digital commerce and propel the potential of ONDC by offering resources, capital, and a collaborative community to budding founders. 

“We are set to democratize e-commerce within India. It will not remain confined to a select few entities. All suppliers, ranging from Kirana shops and grocery outlets to electronics merchants, small-scale vendors, and eateries, ought to engage within the digital marketplace on an open platform,” expressed Nilekani, Chairman of Infosys.

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