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India's Anthill Ventures Opens Tel Aviv Accelerator

Anthill Ventures plans to invest up to $1 million in Israeli startups with the goal of helping their expansion into Asian markets

Amir Rosenbaum 12:5520.03.19

Hyderabad, India-headquartered venture capital firm Anthill Ventures is set to open a startup accelerator in Tel Aviv, a person familiar with the matter told Calcalist on condition of anonymity. Anthill CEO Prasad Vanga confirmed the plan in an interview with Calcalist Tuesday.

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Anthill has recently raised $10 million to fund the accelerator, and is looking to invest up to $1 million per company in startups with the potential of successfully entering Asian markets. As part of the program, selected startups will take part in a six months-long business development support and mentorship program. The new accelerator is being set up as part of a collaboration between Anthill and Indian law firm Shardul Amarchand Mangaldas & Co., and Tel Aviv law firm BBS Ben Porat, Beifus, Schwartz & Co.

Anthill Ventures CEO Prasad Vanga

“Israel has a dynamic community of entrepreneurs and we want to be a part of it,” Vanga told Calcalist, adding that the Indian market offers similar business potential to Israeli startups as the U.S. or China.