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| 17dAnthill Ventures Mulls $100 Mn Hybrid Fund For Indian Startups: Report
Anthill Ventures plans to launch a $100 million hybrid private credit and equity fund to support Indian startups in the consumer experiences, wellness, and entertainment sectors. The fund aims to provide debt financing initially, with the possibility of converting into equity as the companies grow. Anthill Ventures sees this as an opportunity to back startups that are often neglected by traditional banks. The global private credit market has gained traction as an alternative lending option, attracting interest from firms like Cerberus Capital Management and Varde Partners. Anthill Ventures' portfolio includes companies such as Ketto, 91Springboard, and Thrillophilia.
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