AntFarm, which creates and incubates businesses, has secured an undisclosed amount of investment from Bay Capital and Hausela Capital Partners as the company seeks to reinforce the current portfolio, grow upcoming businesses in the travel space and to build new early stage ventures in the fitness, hyper-local and mobile categories.
Antfarm had previously raised an angel round from Ravi Dhariwal, Chief Executive Officer of Bennett Coleman & Co. Limited, and entrepreneur, Sanjay Kalra, who previously served as the CEO of Tech Mahindra Ltd.
Founded in 2012, AntFarm is a start up platform that brings people together, helps in understanding and scaling up an existing idea and sees through its execution.
Led by entrepreneur and media professional, Rishi Khiani, AntFarm’s framework acclerates early-stage company through its experienced team with knowledge of building leading consumer verticals.
Rishi Khiani, CEO & MD at Ant Farm, founded the company after he resigned as CEO of Times Internet Limited and currently has a portfolio of five companies Stylista (collaborative fashion label), Arrive (a travel discovery platform), Social Plug, Fork (a native advertising platform) and Teach Cast(a education platform).
Bay Capital is an independent investment management firm founded in 2006, with investments targeted across various asset classes including PE, publicly traded equities and fixed income which are executed on a deal by deal basis.
Hausela Capital Partners is the investment office of Piush Kumar, a serial entrepreneur with the objective of funding startups in the digital technology space. He has funded, built and grown multiple businesses in USA, Canada, Hong Kong, China, and India over the last 30 years.
UTI Ventures Funds Management Company Private Limited, the private equity investment subsidiary of UTI Asset Management Co Pvt Ltd, has sold its stake in Ascent Capital Pvt Ltd to the management of the firm, which is headed by Raja Kumar.