ThinKuvate Closes First Tranche of India Fund at Rs 25 Crore
Singapore-based angel investment network ThinKuvate has marked a significant milestone with the first close of its India-focused fund, ThinKuvate India Fund โ I, at Rs 25 crore. The fund, which was announced in May this year with a total corpus of Rs 100 crore, has already made strategic investments in four high-growth startups, including Rosh.ai, Zippee, Pantherun, and NymbleUp.
ThinKuvate plans to invest in early-stage startups from seed to Series A, specifically targeting companies that leverage technology at the forefront. The fund aims to back 30-40 startups, with an average investment size of Rs 1.5-4 crore. To ensure the smooth management of the deal flow, due diligence, and overall portfolio management, the firm has onboarded General Partners from around the globe.
ThinKuvate Ventures has a primary focus on investing in B2B and B2B2C startups across various sectors, including healthtech, fintech, IoT, AI-ML, consumer-tech, and martech. The investment programme actively participates in Seed, Angel, and Pre-Series A rounds, making it an attractive platform for startups seeking early-stage funding.
Interestingly, the fund boasts of over 50% of investors who are Non-Resident Indians (NRIs) from various countries, including Singapore, Australia, the USA, the UK, and Indonesia. ThinKuvate’s robust investment strategy and diverse investor base are expected to deliver substantial returns on investments and drive growth for the backed startups.
