ThinKuvate Launches Rs 100 Crore India-Focused Fund for Tech Startups

ThinKuvate, a prominent angel investment network headquartered in Singapore, has unveiled its maiden India-centric fund, the ThinKuvate India Fund – I. This fund boasts a substantial corpus of Rs 100 crore earmarked for backing innovative technology startups across diverse sectors.

Investing in Early-Stage Innovation

The India Fund aims to empower early-stage tech ventures with initial investments of up to Rs 3 crore. ThinKuvate plans to actively deploy capital in 12 to 15 promising startups annually. To achieve this goal, the network will embark on a series of investor roadshows spanning key Indian cities in a staged rollout. The initial phase will target Nagpur, Raipur, Bengaluru, and Chennai, encompassing both established and emerging startup hubs.

Seeking Regulatory Approval and Early Traction

ThinKuvate has secured the necessary approval from SEBI (Securities and Exchange Board of India) to launch this AIF CAT 1 Fund. With a robust investor base of nearly 200, the fund anticipates achieving its first close within the current quarter.

Investment Focus and Prior Experience

ThinKuvate’s investment strategy prioritizes B2B and B2B2C startups across a variety of sectors, including healthcare technology (healthtech), financial technology (fintech), Internet of Things (IoT), Artificial Intelligence and Machine Learning (AI-ML), consumer technology (consumer-tech), and marketing technology (martech). The firm actively participates in seed funding rounds, angel investments, and pre-Series A financing stages. This launch signifies ThinKuvate’s commitment to nurturing the burgeoning Indian startup ecosystem.