ThinKuvate’s India Fund Makes Strategic First Close, Backs High-Growth Startups

Singapore-based angel investment platform ThinKuvate has revealed the successful first close of its inaugural India fund, achieved within just four months of its official launch.

The ThinKuvate India Fund—1 aims to raise INR 100 crore in the near future. So far, the fund has made strategic investments in four high-growth startups, contributing to the tech ecosystem in India.

ThinKuvate plans to invest in early-stage startups, focusing on Seed to Series A rounds. The fund is sector-agnostic and prioritizes companies that leverage disruptive technologies to gain a competitive edge. 

Its strategy is to support founders with complementary skills and scalable business models, demonstrating a clear path to profitability. ThinKuvate also seeks to co-invest alongside prominent venture capital firms and family offices, ensuring that its portfolio companies receive strong backing as they grow.

Ghanshyam Ahuja, Managing Partner at ThinKuvate, emphasized the fund’s confidence in the Indian startup ecosystem, stating, “We have been investing in Indian startups and saw the immense growth potential. This led us to launch an India-focused fund, and reaching this milestone in just over 100 days validates our thesis on next-gen innovations in India.” Ahuja noted that the firm’s focus on disruptive technologies helps it capture global market opportunities well.

The fund targets investments in 30 to 40 startups, with individual investment sizes ranging from INR 1.5 crore to INR 4 crore. ThinKuvate has also attracted diverse global investors, with over 50% being non-resident Indians (NRIs) from countries such as Singapore, Australia, the USA, the UK, and Indonesia. 

Mayank Jain, CEO of ThinKuvate, stressed the importance of the firm’s global network in supporting startups. “Our Limited Partners bring a wealth of experience and professional connections, which will be invaluable for the companies we back. In addition to capital, our vast network will provide founders with the resources they need to scale their businesses quickly post-funding,” said Jain. He added that ThinKuvate’s strong pipeline of deals and its focus on delivering value to investors will help build a strong portfolio and generate competitive returns.

Pantherun, a cybersecurity company founded by Srinivas Shekar in 2019, focuses on advanced data protection solutions. With a bridge round led by QuickHeal Family Office and SIDBI Ventures and contributions from 8X, PiperSerica, and ThinKuvate, the company plans to enhance its global sales and R&D capabilities.

Another portfolio company, NymbleUp.ai, founded in 2019 by Yogesh Bhatt and Manish Thakur, provides AI-powered predictive workforce management for quick-service restaurants (QSRs) and retail chains. The platform forecasts demand at 15-minute intervals across all sales channels. To scale its AI-driven technology, it raised a pre-Series A round with key investors, including Chandigarh Angels, IVY Cap, and ThinKuvate.

Rosh.ai, an autonomous vehicle technology startup founded by Roshy John and Rajaram Moorthy in 2021, has secured $1 million in Pre-Series A funding led by EV2 Ventures. ThinKuvate’s participation in the round will help the company expand its product development efforts, particularly in the mining, seaport, and automotive sectors.

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