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Anthill Ventures Invites Applications From Marketplace Startups; Winners To Raise $100K to $1 Mn

Anthill Ventures Invites Applications From Marketplace Startups; Winners To Raise $100K to $1 Mn

Hyderabad-based venture capital and private equity firm, Anthill Ventures, is hosting a Demo Day entitled “The Marketplace 3.0”, an event targeted towards online marketplaces and enablers looking to raise up to a million dollar.

Marketplace 3.0 is a private, invite-only event for a select group of marketplace startups to present their companies to 50 accredited investors from India and SouthEast Asia.

The event will be held on January 29, 2016 at T Hub, Hyderabad.

Anthill Ventures is an accelerator firm that nurtures ideas and provides market & technical acceleration services with launch capital support. This time, at an event Marketplace 3.0, hosted by Anthill Ventures, startups will be curated through 2 rounds. The sessions will be segregated based on the evolution stage of the startup and the quantum of funds being raised.

Firstly, the startups’ applications will be reviewed on F6S, and then a Skype interview will be followed with Jury member for select startups. A total of 25 startups will be selected for three tracks, involving a seed fundraise of upto $100K, angel fundraise of upto $500K and Pre-series A fundraise of upto $1 Mn.

Selection Criteria For The Startups are:

  • Startup needs to be a Marketplace or Marketplace Enabler
  • Planning to raise $100k to $1MM
  • Scalability of the idea
  • Strong entrepreneurial team
  • Should have at least a working prototype with some traction or validation

The startups will be judged by Ramana Gogula from Unitus Seed Fund; Rajeev Menon, Prasad Vanga, Founder & Chief Accelerator Anthill Ventures; Pranay Gupta, co-founder, 91springboard.

Apart from vying for some very attractive prizes and funds, the startups will also have an opportunity to apply for the entry to an accelerator program run by Anthill’s partner MAGIC

Prasad Vanga said, “We see Marketplace 3.0 as the new age of consumerism that requires StartUps to have agile business models and respond to the ever-changing demands of online consumers. Online Marketplaces have unique challenges of social engagement, hyperactive customer service, hyperlocal logistics, trust and quick product discovery. This $105 Bn marketplace opportunity over the next 10 years can only survive if startups are able to ‘Scale With Speed’. Anthill Ventures sees this new Marketplace opportunity as just the beginning of an exciting journey for both the StartUp and the Investor ecosystem.”

Startups who want to participate can apply here. Last date for application is January 21, 2016.

Author

Akanksha Pahwa

Inc42 Staff

Passion for writing and inclination of being updated in technology brings Akanksha together to be a content writer. Her prior experience in PR firms widens her genres in Media planning, Corporate Communication and Research Analyses.

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