ThinKuvate, an angel investment network based in Singapore, has announced the opening of its first fund specifically focused on India, the ThinKuvate India Fund I, with a Rs 100 crore total corpus.
With an initial investment of up to Rs 3 crore, the India Fund will seek to invest in tech startups across all industries. Through this Fund, ThinKuvate hopes to invest in 12 to 15 startups annually.
A phased announcement of the Fund launch will also be made through investor roadshows in various cities. The ThinKuvate team will launch the fund in major cities like Bengaluru, Chennai, Nagpur, and Raipur during the first phase.
The Sebi has given ThinKuvate permission to introduce this AIF CAT 1 Fund in India. The fund, which has about 200 investors, hopes to close its first deal this quarter.
About $1.5 million will be distributed among nine startups in India and Southeast Asia by ThinKuvate.
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.
