Antler, Nilekani’s FIDE launch ONDC-focused venture platform

Bengaluru: Investment platform Antler in India has launched an ONDC-focused venture platform, partnering with Foundation for Interoperability in Digital Economy (FIDE), an organisation co-founded by Nandan Nilekani. FIDE is a not-for-profit organisation that fosters innovation and co-creation among ecosystem participants, by building interoperable open protocol specifications as a public good.

The Antler ONDC platform brings together capital, content, and community to help entrepreneurs create businesses and succeed on the open protocol. The platform offers pre-seed capital of $300,000, along with an additional investment up to $200,000 from key partners (including unicorn founders and strategic backers) in the Antler network, for teams with an idea.