ThinKuvate marks first close of India Fund at Rs 25 Cr

Singapore-based angel investment network, ThinKuvate has announced the first close of its India fund at Rs 25 crore. 

In May this year, ThinKuvate announced the launch of its first India-focused Fund – ThinKuvate India Fund – I with a total corpus of Rs 100 crore. The fund has already invested in four high-growth startups such as Rosh.ai, Zippee, Pantherun, and NymbleUp.

ThinKuvate plans to invest in early-stage startups from seed to Series A, focusing on companies using technology at the forefront. 

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. 

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.

More than 50% of investors in the fund are NRIs from various countries, top of them being Singapore, Australia, the USA, the UK, and Indonesia.