-
Fund announces investment in 4 startups – Rosh.ai, Zippee, Pantherun and NymbleUp.ai
-
With the first close reached, the fund would continue to invest in early-stage tech-enabled startups from Seed to Series A
-
The average cheque size per investment is INR 1.5 crore, with the flexibility to go up to INR 3-4 crore.
-
ThinKuvate plans to invest in 30-40 startups with a sector-agnostic approach
Mumbai, 30th September 2024: ThinKuvate, a Singapore-headquartered angel investment platform, has announced the first close of its India fund at INR 25 crore. ThinKuvate India Fund—I reached this milestone within four months of its formal launch. The fund has already invested in four high-growth startups.
ThinKuvate plans to invest in early-stage startups from Seed to Series A, focusing on companies leveraging technology at the forefront. Companies that are building disruptive technology solutions that give them a tech-enabled advantage and defensibility as they scale. With a sector-agnostic approach, focusing on founders with complementary skills, a clear path to profitability, and scalable business models, ThinKuvate is positioned to co-invest alongside top venture capital firms and family offices, ensuring robust support for portfolio companies as they grow.
Ghanshyam Ahuja, Managing Partner, ThinKuvate, says, “We have been investing in Indian startups and saw the potential growth opportunities. That led us to launch an India-focused fund, we have reached the first milestone in little over 100 days. This validates our thesis on the next-gen innovations taking place in India, which have a global appeal.”
As ThinKuvate continues to raise its target corpus, the fund plans to invest in 30 – 40 startups with an average investment size of INR 1.5 – INR 4 crore. The fund has also attracted top tier General Partners globally, to manage the deal flow, due diligence, and overall portfolio management. ThinKuvate is becoming a trusted vehicle for diverse investors based in India and abroad. More than 50% of investors in the fund are NRIs from various countries, top of them being Singapore, Australia, the USA, the UK, and Indonesia.
Mayank Jain, CEO, ThinKuvate, says, “We have built capabilities within our team to provide support and help to startups scale faster. The profile of Limited Partners, who are working professionals with senior roles in large corporates, would be a huge differentiator for the companies we back. Our vast network will not only bring in quality capital but provide access to the founders to accelerate their growth journey post funding from ThinKuvate. As we continue to raise the target corpus, we have already built a healthy deal flow and we are confident that with this fund, we will be able to build a strong portfolio and generate stellar returns for our investors.”
