Summary
Summary* Led by Murakami, the India entity was rebranded as Incubate Fund Asia in September 2023 and recently closed its Fund III at $30 Mn
* Although Fund III is sector-agnostic, it focusses on four key areas: Consumer brands, greentech, cross-border B2B e-commerce and fintech
* Murakami believes that third fund serves as a critical test as VCs must demonstrate strong performance, especially regarding actual cash returns to LPs who invested in Fund I
- 4 July, 2024
- 37 Views
- 1 mins Read
4 July, 2024
37 Views
1 mins Read
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India’s investment landscape was transformed for good when the SEBI (Foreign Venture Capital Investor) Regulations 2000 opened the floodgates for global VC giants. The optimism was palpable from Day I, and a host of US-based funds, such as Tiger Global, Sequoia Capital, Y Combinator, IDG Ventures and Norwest Venture Partners, made forays. They empowered India’s burgeoning startup ecosystem and catalysed innovation and growth across sectors.
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