SUMMARY
- ThinKuvate has completed the first close of its first India fund at Rs 25 crore.
- The platform achieved first close of its target of Rs 100 crore for its ThinKuvate India Fund – I, just four months after its inception.
- The fund intends to invest in 30-40 startups, with an average investment size ranging from Rs 1.5 to 4 crore.
The Singapore-based angel investment group ThinKuvate has completed the first close of its first India fund at Rs 25 crore.
The platform achieved first close of its target of Rs 100 crore for its ThinKuvate India Fund – I, just four months after its inception.
This fund focuses on investing in early-stage companies from the seed stage to Series A, and has already supported four startups such as autonomous vehicle technology Rosh.ai, same-day delivery platform Zippee, cybersecurity startup Pantherun, and workforce management solutions provider NymbleUp.ai.
The fund intends to invest in 30-40 startups, with an average investment size ranging from Rs 1.5 to 4 crore. It claims that over half of its investors are Non-Resident Indians (NRIs) from various nations, including Singapore, US, and UK, among others.
Ghanshyam Ahuja, managing partner at ThinKuvate, said, “As ThinKuvate continues to raise its target corpus, the fund plans to invest in 30 – 40 startups with an average investment size of Rs 1.5 – Rs 4 crore. The fund has also attracted top tier General Partners globally, to manage the deal flow, due diligence, and overall portfolio management.”
ThinKuvate aims to collaborate with leading venture capital firms and family offices to invest in the companies it backs.
“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, ” shared Mayank Jain, CEO, ThinKuvate.
In 2015, ThinKuvate was founded by a group of friends passionate about angel investing, starting with a combined pool of $1.5 Mn. It has been a consistent investor in India and Southeast Asia for the past seven years. Currently, the angel network has expanded to include over 150 mid to senior professional NRIs.
The network primarily invests in B2B and B2B2C startups across various industries, including healthtech, fintech, IoT, AI-ML, consumertech, and martech. It currently manages a portfolio of 24 startups across India and Southeast Asia.
