Singapore-based angel investment network ThinKuvate has announced the first close of its India-focused fund at Rs 25 crore. The ThinKuvate India Fund – I, launched in May 2024, has a total corpus target of Rs 100 crore and aims to back early-stage startups across key technology sectors.
With investments already made in four high-growth startups—Rosh.ai, Zippee, Pantherun, and NymbleUp—ThinKuvate is on track to invest in 30 to 40 startups, with individual investments ranging from Rs 1.5 to Rs 4 crore. The firm targets startups in the B2B and B2B2C spaces, focusing on sectors like healthtech, fintech, IoT, AI-ML, consumer-tech, and martech.
ThinKuvate Ventures has onboarded a global team of General Partners to oversee deal flow, due diligence, and portfolio management. The fund actively participates in Seed, Angel, and Pre-Series A rounds, prioritizing innovation-driven companies.
Notably, more than 50% of the fund’s investors are non-resident Indians (NRIs), with key contributions from individuals based in Singapore, Australia, the USA, the UK, and Indonesia.
