Anthill, SparkLabs to offer co-investment, market access opportunities to Indian & Korean Startups

Hyderabad, Feb 16 (KNN) Anthill Ventures, Hyderabad based startup accelerator and SparkLabs, a global network of startup accelerators and venture capital funds on Thursday announced a strategic partnership to enhance the growth of South Korean and Indian startups.

With this partnership, both companies aim to bring together co-investment opportunities along with world-class mentorship, resources, and business expansion opportunities for technology-based startups from India and Korea in the Health care, Urban Tech, Media tech, and Urban Lifestyle fields.

SparkLabs will leverage its market experience and research to analyze the barriers for Indian startups in the Korea market.

On the other hand, Anthill with its vast network of corporates and investors in India will be the gateway for Korean startups to the Indian market.

Jimmy Kim and John Park, Partners at SparkLabs, said “Our eagerness to collaborate with Anthill is driven by their mission to support startups in their journey to growth and scaling. Their values align with our goals, and we are excited to be a part of their continued success in fostering a thriving startup ecosystem in India.”

"Excited to partner with SparkLabs and bring our strengths together to help entrepreneurs thrive,” said Prasad Vanga, CEO of Anthill Ventures.

“Seoul boasts a USD 39 billion startup ecosystem, ranked in the top 20 cities globally. Now, South Korea aims to expand its startup presence with cities like Busan and Daejeon as future hubs. With SparkLabs' global network and our focus on growth, this partnership offers unmatched support for tech entrepreneurs in a country with a thriving startup scene, huge market potential, skilled workforce, and favourable government policies,” he added.

The startups from both countries will receive a host of benefits such as, Growth Fund and Global VC Network, investment for startups entering the growth stage etc.  (KNN Bureau)