Singapore-based angel investing network ThinKuvate launched its first India-focused Fund, ThinKuvate India Fund-I, with a Rs 100 crore ($12 million) corpus.
It stated that the India Fund will invest up to Rs 3 crore ($360,000) in tech startups across sectors. Through this fund, it plans to invest in 12–15 businesses annually. In phases, investor roadshows throughout cities will announce the fund debut.
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It will launch the fund in Nagpur, Raipur, Bangalore, and Chennai in the first phase to tap into emerging startup hotspots and existing centres in India.
“Over the last 7 years, we have built a strong portfolio of over 22 companies in India and Southeast Asia (SEA), “Our understanding of both the markets puts us in a unique position of facilitating international limited partners (LPs)’ growing interest in India,” said Ritesh Toshniwal, Founding Partner of ThinKuvate.
“From our existing portfolio, we have already invested in Indian startups and the performance of these companies coupled with macros of the Indian economy, growing investors’ interest played a crucial role in ThinKuvate launching an exclusive India fund,” he added.
It acquired Sebi approval to create this AIF CAT 1 Fund in India. With roughly 200 investors, the fund expects its first closing this quarter. Nagpur University alumni Ghanshyam Ahuja, Ritesh Toshniwal, and Vikas Saxena formed the fund. It added CEO Mayank Jain to its core staff.
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It claimed its strong portfolio and reputation are built on top-quality transaction sourcing and strict due diligence and compliance. It stated that the fund collaborates with its creators beyond capital. ThinKuvate Ventures invests in seed, angel, and pre-series A investments for promising entrepreneurs.
About ThinKuvate
ThinKuvate is a Singapore-based early-stage startup investment firm with investors in India, UK, Middle East, LATAM, Australia, and the US.
