In a significant move to bolster India’s burgeoning tech startup landscape, Singapore-based angel investment network ThinKuvate has unveiled its inaugural India-focused fund, the ThinKuvate India Fund – I. With a robust corpus of Rs 100 crore, this venture aims to inject vitality into the entrepreneurial ecosystem by nurturing innovative tech startups across various sectors.
The ThinKuvate India Fund – I set its sights on providing crucial support to promising startups, offering initial investments of up to Rs 3 crore per venture. This strategic initiative is poised to fuel the aspirations of 12 to 15 startups annually, marking a substantial commitment to fostering growth and innovation within the Indian startup community.
Emphasizing a proactive approach to investor engagement, ThinKuvate intends to roll out the fund through investor roadshows spanning key cities such as Nagpur, Raipur, Bengaluru, and Chennai. This concerted effort reflects ThinKuvate’s dedication to cultivating solid partnerships and fostering meaningful connections within India’s entrepreneurial landscape.
Crucially, ThinKuvate has secured regulatory approval from the Securities and Exchange Board of India (SEBI) to operate this Alternative Investment Fund (AIF) under Category I regulations. This regulatory green light underscores ThinKuvate’s commitment to adhering to stringent compliance standards while facilitating capital flow into the Indian startup ecosystem.
With an impressive investor base nearing 200, ThinKuvate anticipates swift progress, aiming to achieve its first close within the current quarter. Additionally, the firm plans to allocate approximately $1.5 million across nine startups spanning Southeast Asia and India, signalling a broader commitment to regional innovation and growth.
ThinKuvate Ventures’ investment strategy prioritizes B2B and B2B2C startups operating across diverse sectors, including healthtech, fintech, IoT, AI-ML, consumer tech, and martech. By actively participating in Seed, Angel, and pre-Series A funding rounds, ThinKuvate Ventures aims to identify and support startups with high growth potential and transformative ideas.
In summary, the launch of the ThinKuvate India Fund – represents a significant milestone in the evolution of India’s startup ecosystem. With its substantial financial backing, strategic focus on tech innovation, and commitment to fostering entrepreneurship, ThinKuvate Ventures is poised to catalyze a new wave of disruptive startups, driving economic growth and innovation across the region.
ThinKuvate, a pioneering early-stage startup investment firm headquartered in Singapore, boasts a global presence with interests and investors spanning Singapore, India, the UK, the Middle East, Latin America, Australia, and the US. The company’s inception can be traced back to its founders, Ghanshyam Ahuja, Ritesh Toshniwal, and Vikas Saxena, all alumni of Nagpur University.
