TLDR:
- Singapore-based angel investment network ThinKuvate has launched a $12 million India-focused fund.
- The fund aims to invest in tech startups across sectors with an initial amount of Rs 3 crore ($360,000).
Singapore-based angel investment network ThinKuvate has announced the launch of its first India-focused Fund – ThinKuvate India Fund – I with a total corpus of Rs 100 crore ($12 million). The fund aims to invest in tech startups across sectors with an initial amount of up to Rs 3 crore ($360,000) and plans to invest in 12 to 15 startups every year. The fund launch will be announced through investor roadshows in key cities like Nagpur, Raipur, Bangalore, and Chennai. ThinKuvate has received Sebi approval to launch this AIF CAT 1 Fund in India and expects to reach its first close within this quarter. The fund, founded by Nagpur University alumni, has a strong reputation for top-quality deal sourcing and building a portfolio backed by stringent due diligence and compliance. ThinKuvate founders mentor and guide the startups through their growth journey, with two exits completed so far. The fund expects to start deploying capital from the next quarter and follows global venture capital standards in its investment thesis and criteria. ThinKuvate has a network in multiple countries and invests in B2B and B2B2C startups across sectors like health tech, fintech, IoT, AI-ML, consumer tech, and martech.
