Globevestor co-founder launches micro-VC firm with presence in US, India and Canada | Mint
Active Stocks
Tue Feb 27 2024 14:08:44
  1. State Bank Of India share price
  2. 743.40 -2.06%
  1. Tata Steel share price
  2. 143.15 0.39%
  1. Sun Pharmaceutical Industries share price
  2. 1,570.00 0.84%
  1. Power Grid Corporation Of India share price
  2. 290.60 0.99%
  1. ITC share price
  2. 409.85 0.16%
Business News/ Companies / Start-ups/  Globevestor co-founder launches micro-VC firm with presence in US, India and Canada
BackBack

Globevestor co-founder launches micro-VC firm with presence in US, India and Canada

Momentum Capital focuses on seed-stage Indian startups and leverages its strong international network to help them grow globally

Photo: iStockPremium
Photo: iStock

NEW DELHI : Globevestor founder recently announced the launch of a new global micro-VC firm called Momentum Capital. With a presence in Canada, India and 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.

 

Unlock a world of Benefits! From insightful newsletters to real-time stock tracking, breaking news and a personalized newsfeed – it's all here, just a click away! Login Now!

Catch all the Corporate news and Updates on Live Mint. Check all the latest action on Budget 2024 here. Download The Mint News App to get Daily Market Updates & Live Business News.
More Less
Published: 23 Jan 2023, 08:00 PM IST
Next Story footLogo
Recommended For You
Switch to the Mint app for fast and personalized news - Get App