New Delhi, May 18, 2021: Leading speed scaling venture capital firm Anthill Ventures announces Indus X, India’s first UrbanTech Scaling Program that seeks to invest in and scale the next generation of startups focused on solving challenges faced by citizens, corporates, and governments in our urban centers, through the use of cutting-edge technology. Indus X will also serve as a platform to convene government, startups, corporate, and academia, to create an ecosystem of players working within urban technology.
The name Indus X is a homage to the Indus Valley Civilization, which pioneered innovation and technology usage in urban centers. Drawing a parallel, the selected startups will be mentored to scale their products and in doing so, transform Indian cities to become smarter, more sustainable, and more responsive to citizen needs.
Indus X will be a 6 month-long program where 8-10 pre-series A and Series A startups will be mentored to scale with speed. The startups which reach their milestones and achieve scale will receive an investment from Anthill and other co-investors to the tune of $1-3M.
The primary domains of focus for Indus X include:
According to Sailesh Sigatapu, Partner at Anthill Ventures, “In light of the COVID-19 pandemic which has transformed the way we live and interact within our cities, Anthill is excited to launch the Indus X program and scale truly path-breaking technologies that have the potential to bring Indian cities back to the forefront of smart, responsive and sustainable living. We call upon all courageous founders working to solve challenges faced by Urban India to apply.”
Benefits that the startups will receive from the program
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