Get All Access for $5/mo

Singapore-based ThinKuvate Launches Maiden INR 100 Crore Fund For India The fund, with an investor base of nearly 200, expects to reach its first close within this quarter and start deploying capital from the next quarter

By Entrepreneur Staff

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.


Early-stage startup investment firm, ThinKuvate, announced the launch of their first India-focused Fund – ThinKuvate India Fund – I with a total corpus of INR 100 crore. With this fund, the network aims to back 12-15 startups annually.

The fund, with an investor base of nearly 200, expects to reach its first close within this quarter and start deploying capital from the next quarter.

"Over the last 7 years, we have built a strong portfolio of over 22 companies in India and SEA. Our understanding of both the markets puts us in a unique position of facilitating international LPs' growing interest in India. From our existing portfolio, we have already invested in Indian startups and the performance of these companies coupled with macros of the Indian economy, growing investors' interest played a crucial role in ThinKuvate launching an exclusive India fund," said Ritesh Toshniwal, Founding Partner, ThinKuvate.

Initially, it invested approximately USD 1.5 million across nine startups in Southeast Asia and India. As of date, it has since facilitated investments totaling USD five million across 22 startups in the region. ThnkKuvate focuses on B2B and B2B2C startups across various sectors, including Health-Tech, Fintech, IoT, AI-ML, Consumer-Tech, and MarTech.

"We are already evaluating several startups and are in advance stages of discussions with them. Our fund has been investing in India since 2016 and has a first hand experience of the large market and growth potential India has to offer to the World. The surge in digital adoption, conducive policy environment, has led to emergence of products and technologies from India with a "glocal" approach, blending global perspectives with local relevance. Drawing from our experience in mentoring and advising startups, we recognize the potential to extend the India playbook to Southeast Asia," added Addison Appu, Partner, ThinKuvate.

Entrepreneur Staff

Entrepreneur Staff


For more than 30 years, Entrepreneur has set the course for success for millions of entrepreneurs and small business owners. We'll teach you the secrets of the winners and give you exactly what you need to lay the groundwork for success.
News and Trends

Dee Piping Goes Public: Announces Initial Public Offering

Dee Development Engineers Limited, commonly known as 'Dee Piping,' has announced its transition into a public limited company.

Business Solutions

Increase Productivity with This Microsoft 365 Subscription, Now $25 Off

It can make the entrepreneur life a lot easier.

News and Trends

Unifi Capital Launches Two New Funds at GIFT City

Rangoli India Fund and G20 Portfolio are the two new funds launched by Unifi Capital, via its subsidiary UIML in GIFT City, to expand international investment opportunities.

Business News

Apple Pay Later Is Ending. Here's What's Taking Its Place.

The program was available for less than a year.


I've Grown a High-Performing Team in Just 2 Years — Here's are 5 Growth Strategies I Learned

A team's strength lies in its people's individual skills and how they synergistically come together.

Business Ideas

63 Small Business Ideas to Start in 2024

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.