Japan-based Incubate Fund said that it will invest USD 50 million dollars for the growth of startups in India. The firm’s Indian arm, “Incubate Fund Asia,” will invest in the pre-seed and seed phases.
Nao Murakami, Founder and General Partner of Incubate Fund Asia, said, “With the target fund closure of USD 50 million, we will be ready to significantly enhance our support to emerging ventures, driving sustainable growth and innovation. Incubate Fund Asia remains deeply committed to its vision of nurturing innovation and catalyzing the growth of startups, ultimately contributing to the development of a thriving entrepreneurial ecosystem across Asia.”
So far, Incubate Asia has funded 27 Indian companies. Its investments span from B2B, B2C, Supply Chain, and consumer tech startups operating across both Tier 1 and Tier 2 markets. In 2019, Incubate Fund launched a USD 18 million Fund II.
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