Indian Ecosystem has seen the launch of Incubate Fund in the mid of April last year. They are negotiating the ecosystem and are on the verge to run investment opportunities in the Indian startups.
General Partner of Incubate Fund India, Nao Munakami
is settled in Bangalore at present and seeking for value-up activities of 500 startups in India. They plan to invest in 10 to 12 startups in the coming 10 months. The Japanese Incubators settled to associate with Jaarvis Accelerator
last years to understand the domestic market, visiting more than 200 startups last year made Munakami seek a big difference in Indian marketplace. He thought Indian entrepreneurs have mature business sense than the traders back in Japan, even though the market in Japan is much older.
Nao Munakami said ” We are bullish on the Indian market, so most likely, later this year we will raise a bigger India-focused corpus of around $15-20 Mn. We are discussing the internally”.
It announced the third round of fund to be $91 Mn last year in January as a part of corpus kept in Singapore. Incubate funds to be generated for the part of Jaarvis Accelerator at $25000-$50000 on the large scale it will enter in seed funding for investment worth $250000-500000.
It’s launch in 2015 saw investments procured by some startups, Indore based Shopkirana secured ₹2-₹3 crores while Udupi based 99 games collected investment that is undisclosed accompanied by Kaalari Capital and Ascent Capital.