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

Investment firm ThinKuvate has announced its first India-focused fund worth Rs 100 crore to invest up to Rs 3 crore in tech and tech-enabled startups from seed to series A stages. The fund aims to support 12-15 startups annually, focusing on emerging and established startup hubs in India.

Early-stage startup investment firm ThinKuvate on Tuesday announced their first India-focused fund worth Rs 100 crore.

The India fund will invest up to Rs 3 crore in seed to series A startups, with a focus on tech and tech-enabled startups across sectors.

According to a company statement, the Singapore-based firm aims to invest in 12-15 startups every year through this fund.

In the first phase, ThinKuvate team will be rolling out the fund in key cities like Nagpur, Raipur, Bengaluru and Chennai, with an aim to tap into emerging startup hubs in India along with established centres, the statement further said.

With an investor base of nearly 200, the SEBI-approved fund expects to reach its first close within this quarter.