New Delhi, January 23rd 2023: Ankur Shrivastava, the founder of Globevestor, 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 will focus on investing in seed-stage Indian startups and leveraging its strong international network to help them expand globally.
Ankur, who co-founded Globevestor in 2013, has a proven track record of successful investments in over 40 startups, including Agnikul, Springboard, Zoomcar, Devtron, Good Health Company, Flintobox, and many more. His previous investments span across various industries such as SaaS, climate, health, and EdTech. His portfolio startups have collectively raised over $500 million in funding from top venture firms like Sequoia, Accel, Y Combinator, Khosla Ventures, Menlo Ventures, Insight Partners, and Foundation Capital, and are currently valued at over $1.5 billion.
“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.
The team at Momentum Capital is cross-border and has a deep network in the three countries they operate in. The firm’s advisory and partner network includes notable figures such as Bill Draper of Sutter Hill Ventures, Adam Draper of Boost VC, Adeo Ressi of Founder Institute, Mike Suprovici of VC Lab, Abhilash Singh of Auctus Advisors and many other leaders from leading VC/PE firms, tech giants, top consulting firms, and high-growth startups.
“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 newly launched Momentum Capital has completed a number of confidential investments and will focus on technology startups in the areas of climate, health, and SaaS. The company has a presence in Canada, India, and the US and has a team and network that can support startups as they expand globally. The firm believes that the next ten years will see a significant number of successful technology companies emerging from 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.
