Singapore-based ThinKuvate launches Rs 100 Cr maiden India fund

Singapore-based angel investment network, ThinKuvate has announced the launch of its first India focused Fund – ThinKuvate India Fund – I with a total corpus of Rs 100 crore. 

The India Fund will look to invest in tech startups across sectors with an initial amount of up to Rs 3 crore. ThinKuvate aims to invest in 12 – 15 startups every year through this Fund. 

The Fund launch will also be announced through investor roadshows across cities in a phased manner. In the first phase, ThinKuvate team will be rolling out the fund in key cities like Nagpur, Raipur, Bengaluru and Chennai. 

ThinKuvate has received the Sebi approval to launch this AIF CAT 1 Fund in India. With an investor base of nearly 200, the fund expects to reach its first close within this quarter. 

ThinKuvate will invest approximately $1.5 million across nine startups in Southeast Asia and India.

The firm's primary focus revolves around investing in B2B and B2B2C startups across various sectors, including healthtech, fintech, IoT, AI-ML, consumer-tech, and martech. ThinKuvate Ventures actively participates in Seed, Angel, and Pre-Series A rounds.