ANI PR Wire
23 Jan 2023, 14:15 GMT+10
New Delhi [India], January 23 (ANI/NewsVoir): Globevestor founder recently announced the launch of a new global micro-VC firm called Momentum Capital. With a presence in Canada, India & the US, Momentum Capital focuses on seed-stage Indian startups and leverages its strong international network to help them grow globally.
Ankur, who co-founded Globevestor in 2013, has invested in over 40 startups including Agnikul, Springboard, Zoomcar, Devtron, Good Health Company, Flintobox and many more success stories. His past investments are spread across several industries, including SaaS, climate, health, and EdTech. His prior portfolio startups have raised over USD 500 million in funding from Sequoia, Accel, Y Combinator, Khosla Ventures, Menlo Ventures, Insight Partners, Foundation Capital, etc. and are collectively valued at over USD 1.5 billion now.
"At Globevestor, we successfully pioneered a focused cross-border, hybrid-VC approach to investing across the US-India corridor to support Indian startup founders. Momentum Capital is an organic jump in the journey to deeply leverage our global network & cross-border presence for the benefit of Indian startup founders," Ankur Shrivastava (Founder & Managing Partner, Momentum Capital) shared.
Momentum Capital has a cross-border team & deep network in Canada, India & the US, and it actively helps founders scale across the globe. Its strong and impressive advisory and partner network include Bill Draper (Founder, Sutter Hill Ventures), Adam Draper (Founder, Boost VC), Adeo Ressi (Chairman, Founder Institute), Mike Suprovici (Head of Acceleration, VC Lab), Abhilash Singh (Founding Partner, Auctus Advisors), and several global CXOs from leading VC/PE firms, tech giants, blitzscaling startups and top consulting firms.
"We've consciously chosen a strong set of advisors, investors, and venture partners across continents and verticals, to supercharge access to global capital and knowledge for Indian founders at the seed stage itself. I've shifted base to North America recently to double down on this further," Ankur added.
The firm has finalized a couple of stealth investments already, and while being largely sector-agnostic, it will have affinity for technology startups in climate, health and SaaS as key themes.
India has seen a few globally competitive startups being built at home already in recent years, but the firm believes that the next decade will belong to a drove of global tech leaders born in India.
"Despite the ongoing funding winter, it remains a great time to build for Indian entrepreneurs. We aim to work with passionate founders building for India and the world with more financial discipline. We are here to support them in their quest to win anywhere in the world," Ankur signed off.
Momentum Capital is a global micro-VC firm with a presence in Canada, US & India, and invests in Indian technology startups at the pre-seed and seed stage across sectors, with affinity for climate, SaaS, and health. With a strong set of advisors, investors, and partners who have deep investing experience spread across continents & verticals, the firm supercharges global network leverage for Indian founders at the earliest stages.
This story has been provided by NewsVoir. ANI will not be responsible in any way for the content of this article. (ANI/NewsVoir)
Get a daily dose of South East Asia Post news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to South East Asia Post.
More InformationIn the past month alone, 23 Israeli soldiers have been killed in Gaza—three more than the number of remaining living hostages held...
LONDON, U.K.: At least 13 people are believed to have taken their own lives as a result of the U.K.'s Post Office scandal, in which...
WASHINGTON, D.C.: Travelers at U.S. airports will no longer need to remove their shoes during security screenings, Department of Homeland...
WASHINGTON, D.C.: An elaborate impersonation scheme involving artificial intelligence targeted senior U.S. and foreign officials in...
SLUBICE, Poland: Poland reinstated border controls with Germany and Lithuania on July 7, following Germany's earlier reintroduction...
WASHINGTON, D.C.: After months of warnings from former federal officials and weather experts, the deadly flash floods that struck the...
WASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...