ThinKuvate marks the first close of a maiden Indian fund investing in four startups

Singapore-based early-stage startup investment platform ThinKuvate has achieved the first close of its Rs 100-crore target India fund, ThinKuvate India Fund – I.

The fund, which invests in early-stage startups from seed to Series A, has already invested in four startups. The company follows a sector-agnostic approach and invests in founders with complementary skills, a clear path to profitability and scalable business models.

Typically co-invests with leading venture capital firms and family offices. Its main goal is to invest in B2B and B2B2C startups in various sectors, including healthtech, fintech, IoT, AI-ML, ConsumerTech and Martech.

“We invested in Indian start-ups and saw potential growth opportunities. This led us to launch an India-focused fund and we achieved the first milestone in just over 100 days,” said Ghanshyam Ahuja, Managing Partner, ThinKuvate. “This validates our thesis of next-generation innovations being introduced in India and having global reach.”

The fund plans to invest in 30-40 startups with an investment size of Rs 1.5-4 crore. It claims that more than half of the fund’s investors are national research institutes from various countries, including Singapore, Australia, the United States, the United Kingdom and Indonesia.

“..The profile of LPs, i.e. specialists holding senior positions in large corporations, would be a huge differentiator for the companies we support. Our extensive network will not only provide high-quality capital, but provide access to founders to accelerate their growth journey after ThinKuvate funding,” said Mayank Jain, CEO, ThinKuvate.

ThinKuvate’s four investments include autonomous vehicle technology Rosh.ai, same-day delivery platform Zippee, cybersecurity startup Pantherun and workforce management solutions provider NymbleUp.