The first close of ThinKuvate’s India fund, valued at Rs 25 crore, has been announced by the Singapore-based angel investment network.
ThinKuvate announced in May of this year the opening of its first fund with an emphasis on India, the ThinKuvate India Fund I, with a Rs 100 crore total corpus. The fund has already made investments in four rapidly expanding startups: NymbleUp, Zippee, Pantherun, and Rosh.ai.
ThinKuvate intends to invest in seed to Series A early-stage startups, with an emphasis on businesses that are at the forefront of technology.
The fund plans to invest in 30 – 40 startups with an average investment size of Rs 1.5 – Rs 4 crore. It has also onboarded General Partners globally, to manage the deal flow, due diligence, and overall portfolio management.
Investing in B2B and B2B2C startups in a variety of industries, such as consumer tech, fintech, IoT, healthtech, and martech, is the company’s main focus. Pre-Series A, Seed, and Angel rounds are actively participated in by ThinKuvate Ventures.
Singapore, Australia, the USA, the UK, Indonesia, and other countries account for the majority of the fund’s more than 50% NRI investors.
