According to news on September 22, early stage venture capital company Antler India said that its first phase of 6 billion rupees (approximately US$75 million) pre-seed fund is about to complete the final closing work, and has now completed 5 billion rupees (approximately US$62.5 million). It is planned to be finalized this quarter. The fund is backed by investors representing six institutions and sovereign wealth funds, including the Small Industries and Development Bank of India, and 125 limited partners. The fund will focus on investments in areas such as Open Network Digital Commerce (ONDC), Web3 infrastructure, and artificial intelligence.