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ThinKuvate Closes First Rs 25 Crore of Rs 100 Crore India Fund for Startups

This image features the founders of Thinkuvate, with six individuals standing confidently, all wearing matching black polo shirts displaying the Thinkuvate logo. The group consists of three men on each side and a woman in the middle. They pose with crossed arms, exuding a sense of unity and professionalism. The backdrop includes vibrant tones of orange, red, and yellow, with the Thinkuvate logo above them, along with the tagline "THINK · INNOVATE · INCUBATE." A small plant on a round table is in the foreground, symbolizing growth and creativity.
By
Anurag Trivedi
2 min read

Singapore-based early-stage investment platform ThinKuvate has announced the first close of its Rs 100-crore India-focused fund, ThinKuvate India Fund - I, at Rs 25 crore, achieved within just four months of its launch.

Key Investment Focus:

ThinKuvate invests in early-stage startups, from seed to Series A, with a sector-agnostic approach. Its primary focus areas include:

  • B2B and B2B2C startups
  • Healthtech
  • Fintech
  • IoT
  • AI/ML
  • Consumer Tech
  • Martech

The firm has already invested in four promising startups:

  1. Rosh.ai – Autonomous vehicle technology
  2. Zippee – Same-day delivery platform
  3. Pantherun – Cybersecurity solutions
  4. NymbleUp – Workforce management solutions

Co-Investing and Approach:

ThinKuvate typically co-invests with top venture capital firms and family offices, targeting founders with complementary skills, scalable business models, and a clear path to profitability. The firm aims to invest between Rs 1.5-4 crore in 30-40 startups over the next few years.

Global Connections:

ThinKuvate's investor base is international, with more than 50% being NRIs from countries like Singapore, Australia, the US, the UK, and Indonesia. The firm has onboarded General Partners globally to manage deal flow, due diligence, and portfolio management.

Leadership Insight:

According to Mayank Jain, CEO of ThinKuvate, the fund's network of limited partners, who hold senior positions in large corporations, will be a major asset for the companies backed by the fund. Jain highlights that these LPs not only provide quality capital but also offer crucial business insights to help accelerate startups’ growth post-investment.

Ghanshyam Ahuja, Managing Partner at ThinKuvate, added that the fund's quick first close validates their belief in the potential of next-gen innovations emerging from India, many of which have global relevance.

ThinKuvate plans to continue its strategy of supporting high-growth startups, particularly those leveraging technology to drive their growth, as it looks to become a key player in India’s burgeoning startup ecosystem.

Source: Entrackr, VCCircle