Informative

ThinKuvate launches ₹100 crore India-focused fund to invest in tech startups

Update / Judgement Date

24 May 2024

Source

CNBC TV18

Author

Team — WCP Legal Desk

Reading Time

1 min read

Start-Up & DPIIT

Singapore's ThinKuvate launches its inaugural India-focused fund with a ₹100 crore corpus, aiming to support tech startups in various sectors. Founding Partner Ghanshyam Ahuja plans to close the fund by the current quarter and invest up to ₹3 crore in 12-15 startups annually. \r

ThinKuvate has already identified potential candidates in EV, D2C, and AI sectors, with roadshows planned across multiple cities. Separately, agritech robotics startup Niqo Robotics raises $13 million in Series B funding led by Bidra Innovation Ventures, intending to expand its India deployment and global presence. \r

Another startup, 3SC, secures $4 million from existing investor GEF Capital's South Asia Growth Fund to enhance its AI technology and pursue global scalability.

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ThinKuvate launches ₹100 crore India-focused fund to invest in tech startups

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