Tuesday, 21 May 2024, Bengaluru, India
Thinkuvate is a Singapore-based angel investment network that has announced the launch of a Rs 100 crore maiden India Fund. This fund will be invested in India-based Tech startups. The fund aims to invest Rs 3 crore in tech startups across various sectors with 12 to 15 startups each year as a goal. The fund deployment will start in July this year.
Thinkuvate has been investing in India since 2016 so they know the large market reach and growth potential of Indian startups. They are already evaluating and discussing with a few startups. The fund would prefer startups that have built market acceptance, early traction, revenue-generating, parented product startups, and more than one founder startup. ET mentioned in a report that in the first phase besides established centers, Thinkuvate will use funds from startups in cities including Bengaluru, Raipur, Chennai, and Nagpur. With an investor base of over 200, the fund expects to reach its first close within the first quarter.
This early-stage startup investment company has investors in Singapore, India, the UK, the Middle East, the U.S., Australia, and Latin America. The co-founder of Thinkuvate, Toshniwal mentioned that the reason behind this exclusive Indian fund is the successful investment they have made since 2016. The company has been investing in Indian startups for years and the performance of these companies with a favorable Indian economy and growing investor interest is the reason behind the launch of the Maiden India Fund. Another co-founder of Thinkuvate emphasized the network’s portfolio includes more than 22 companies across India and Southeast Asia, and one of them is listed on the Australian Stock Exchange.
This fund will provide mentors who will guide the portfolio through its growth journey with the capital. The fund will be deploying capital from next quarter, with various startups already under evaluation and discussion. This investment is expected to help Indian startups to build robust business models.
Conclusion:
Thinkuvate is a Singapore-based angel investment network that has announced the launch of a Rs 100 crore maiden India Fund. This fund will be invested in India-based Tech startups. The fund aims to invest Rs 3 crore in tech startups across various sectors with 12 to 15 startups each year as a goal. The fund deployment will start in July this year. The company has been investing in Indian startups for years and the performance of these companies with a favorable Indian economy, and growing investor interest is the reason behind the launching of the Maiden India Fund. They are already evaluating and discussing with a few startups. The fund will prefer startups that have built market acceptance and early traction, revenue-generating, parented product startups, and more than one founder startup. This angel investment network company has investors in Singapore, India, the UK, the Middle East, the U.S., Australia, and Latin America. The network’s portfolio includes over 22 companies across India and Southeast Asia, and one of them is listed on the Australian Stock Exchange.
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