Singapore-based angel investment network ThinKuvate has secured a SEBI license to launch its first India-focused fund with a corpus of INR 100 crore. This fund aims to invest in early-stage tech startups, ranging from seed to pre-Series A, across various sectors.
The fundraising activities will commence with a series of investor-centric roadshows in Nagpur, Raipur, Bengaluru, and Chennai. The first close of the fund is anticipated within this quarter.
Founded by Nagpur University alumni Ghanshyam Ahuja, Ritesh Toshniwal, and Vikas Saxena, ThinKuvate has expanded its core team by appointing Mayank Jain as the CEO of the fund. Launched in 2015, ThinKuvate was initiated by a group of close friends.
This strategic move reflects ThinKuvate’s commitment to fostering innovation and supporting the growth of tech startups in India. With the SEBI license in hand, the fund is poised to make significant contributions to the Indian startup ecosystem by providing much-needed capital and support to early-stage ventures.
