Incubate Fund Asia in 2023

News

Summary

Now we feel the startup ecosystem, especially in India, is coming back strongly and more sustainably from the pandemic. We wish all the ecosystem players including investors, LPs, advisors, counsels, government officials, and of course, entrepreneurs, a fruitful year ahead. Let’s make the year of 2024 a fun and bright one together in India and SEA!

2 January, 2024
65 Views
1 mins Read

Copy Link

Happy New Year!

Hope you have enjoyed a great holiday season with your loved ones. Thank you very much for everyone supported us and journeyed together with us in 2023.

Like many other people in the startup ecosystem, 2023 was a year of “re” for Incubate Fund Asia and its portfolio startups. We rebranded ourselves from Incubate Fund India to Incubate Fund Asia and recruited new members. We have restarted organising some offline events. Many of our portfolio startups recovered from the pandemic loss, restarted its strong top-line growth, and reached EBITDA profitability. Some regulation changes, such as in fin-tech space, impacted our portfolio startups but they recognised those changes as opportunities and regained market shares. We have realised some good returns to our LPs as well.