Singapore-based ThinKuvate Launches INR 100 Cr Maiden India Fund

The first India-focused fund, ThinKuvate India Fund I, has been launched by Singapore-based angel investing network ThinKuvate. The fund has a Rs 100 crore total corpus.

With an initial investment of up to Rs 3 crore, the India Fund will seek to invest in tech businesses across all industries. Through this Fund, ThinKuvate hopes to invest in 12 to 15 startups annually.

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Ritesh Toshniwal, Founding Partner, ThinKuvate, says, “Over the last 7 years, we have built a strong portfolio of over 22 companies in India and SEA. Our understanding of both the markets puts us in a unique position of facilitating international LPs’ growing interest in India. 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.”

A staged announcement of the Fund launch will also be made through investor roadshows in several cities. The ThinKuvate team plans to launch the fund in major cities such as Nagpur, Raipur, Bangalore, and Chennai during the first phase. The objective is to reach both established and new startup hubs in India.

Addison Appu, Partner, ThinKuvate, says, “We are already evaluating several startups and are in advance stages of discussions with them. Our fund has been investing in India since 2016 and has a first hand experience of the large market and growth potential India has to offer to the World. The surge in digital adoption, conducive policy environment, has led to emergence of products and technologies from India with a “glocal” approach, blending global perspectives with local relevance. Drawing from our experience in mentoring and advising startups, we recognize the potential to extend the India playbook to Southeast Asia.”

About ThinKuvate

ThinKuvate is an early stage startup investment firm incorporated in Singapore, and with interests and investors in Singapore, India, UK, Middle East, LATAM, Australia and the USA.

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