Thinkuvate Reaches First Close Of Rs 100 Cr India Fund At Rs 25 Cr

ThinKuvate, a Singapore-headquartered angel investment platform, has declared the first close of its India fund at Rs  25 crore. ‘ThinKuvate India Fund- I’ reached this stage within four months of its formal start, as per a press release. The fund has already invested in four high-growth startups.

ThinKuvate said that it plans to invest in early-stage startups from seed to series A, focusing on companies leveraging technology at the forefront. Companies that are building disruptive technology solutions that give them a tech-enabled advantage and defensibility as they scale. With a sector-agnostic approach, focusing on founders with complementary skills, a clear path to profitability, and scalable business models, ThinKuvate claimed that it is positioned to co-invest alongside top venture capital firms and family offices, ensuring robust support for portfolio companies as they grow.

Ghanshyam Ahuja, Managing Partner, ThinKuvate, said, “We have been investing in Indian startups and saw the potential growth opportunities. That led us to launch an India-focused fund, we have reached the first milestone in little over 100 days. This validates our thesis on the next-gen innovations taking place in India, which have a global appeal.”

The fund has also attracted top-tier general partners globally, to manage the deal flow, due diligence, and overall portfolio management. ThinKuvate is becoming a trusted vehicle for diverse investors based in India and abroad. More than 50 per cent of investors in the fund are non-resident Indians from various countries, the top of them being Singapore, Australia, the USA, the UK, and Indonesia, as per the press release.

Mayank Jain, Chief Executive Officer, ThinKuvate, said, “We have built capabilities within our team to provide support and help to startups scale faster. The profile of Limited Partners, who are working professionals with senior roles in large corporates, would be a huge differentiator for the companies we back. Our vast network will not only bring in quality capital but also provide access to the founders to accelerate their growth journey post-funding from ThinKuvate. As we continue to raise the target corpus, we have already built a healthy deal flow and we are confident that with this fund, we will be able to build a strong portfolio and generate stellar returns for our investors.”

ThinKuvate said its investment philosophy centres around partnering with founders with relevant industry experience, along with strong connections within their ecosystem. ThinKuvate also values the quality of previous investors or co-investors in its evaluation process. The firm is confident that its initial investments will drive future growth and help bring innovative solutions to the market.