9 months ago
Incubate Fund Asia launches two new funds
Incubate Fund Asia, a venture capital firm, is starting to raise money for two new funds.
The first is a $60 million fund for early-stage companies in India, and the second is a $200 million fund with a Japanese financial group.
They want to attract more investors from places like Europe and the US.
The firm has been investing in India since 2016 and has backed companies like Captain Fresh and Yulu.
They believe India is a great place for investments because many companies are going public, and there are good opportunities to sell investments for a profit.
Incubate Fund Asia is launching a $60 million India-focused seed fund and a $200 million vehicle with Sumitomo Mitsui Financial Group Inc.
The firm is diversifying its LP base to include more institutional investors from Europe, the UK, and the US.
Incubate Fund Asia has been investing in early-stage companies in India since 2016 and has backed notable startups like Captain Fresh and Yulu.
The fundraising process for the fourth fund will begin next month, while the second vehicle is expected to hit the market in 6-9 months.
The firm believes India offers phenomenal exit opportunities due to a wide-open IPO market and stronger portfolio outcomes compared to other regions.
- Who
- Incubate Fund Asia, a venture capital firm based in Tokyo, Japan
- What
- Launching two new funds: a $60 million India-focused seed fund and a $200 million vehicle with Sumitomo Mitsui Financial Group Inc
- Where
- Global presence with offices in Tokyo, Singapore, Bengaluru, Mumbai, São Paulo, and Mountain View
- When
- Fundraising for the fourth fund to begin next month, second vehicle in 6-9 months
- Why
- To diversify LP base and capitalize on India's growing IPO market and exit opportunities
Key facts
- Fund Size
- Founder and General Partner
- Nao Murakami
- Headquarters
- Tokyo, Japan
- Global Presence
- Offices in Tokyo, Singapore, Bengaluru, Mumbai, São Paulo, and Mountain View
- Notable Investments
- Captain Fresh, Yulu, ShopKirana, Plum
- LP Base Diversification
- Focus on attracting institutional investors from Europe, the UK, and the US
- Fundraising Timeline
- Fourth fund to begin next month, second vehicle in 6-9 months
Quotes
Nao Murakami
Founder and general partner of Incubate Fund Asia
“India has become a huge area of interest for overseas LPs, especially because the IPO market is now wide open. There is no other such market in South-East Asia with such phenomenal exit opportunities.”
livemint.com
Shreevardhan Sinha
Senior partner at Desai & Diwanji
“Fundraising is undoubtedly more crowded and, while the capital is still there, LPs are deploying more selectively. Managers today need a clearer track record, stronger governance and sharper positioning to break through the noise. Diversifying the LP base reduces reliance on any one geography or economic cycle and improves capital stability across fund cycles. US, UK and European LPs continue to see India as a structural growth story.”
livemint.com
Sources
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