Inga Ventures Sets Up $15 Mn Fund To Invest In Indian Startups

Date:


Inga Ventures, Mumbai-based investment banking company, has raised $15.1 million (INR 125 crore) money from the Singapore-based Private Investment Fund TIH Ltd, called ‘Ekkum TIH Emerging Opportunities Fund’. Its total target for the fund will be $60.6 million (INR 500 crore) according to a statement and added that it has received commitments of $3 million (INR 25 crore) from its affiliates and sponsors.. Inga Ventures has more than two decades of experience in investment banking and offers strategic and financial advisory services The firm plans to invest in mid-sized Indian businesses, which includes companies in the field of startups, specialty chemicals FMCG electronics food and agriculture as well as those in the field of healthcare or pharma.

Read more UAE fintech company YAP is in talks with global ME VC funds for raising $20 million

In 1994, TIH was founded with the help of Wang, TIH is an listed on the SGX (Singapore Exchange) private equity fund. which has made investments in businesses that operate in a variety of sectors which include industrial and consumer products including media, healthcare, technology as well as telecommunications and food manufacturing, and chemicals.Alan Wang, CEO of TIH said”We are thrilled to be partnering with Inga an established corporate investment banking company with a strong presence in India that has a middle-cap that focuses on healthcare, technology, media and. Their extensive geographical reach across India offers an excellent opportunity to invest within the mid-market sector in corporate India. We believe that this partnership will allow both parties to increase opportunities both from the direct investment as well as a cross-board approach.”

According to a study, Indian startups raked in $3 billion in 334 transactions during the second quarter of the year 2022. which is a decrease of 82% in a year-on year basis and 50 percent on a quarterly basis.

PE and VC companies, including Spicap, Elev8 Venture partner, Weaving Capital And all in the capital industry have recently launched a number of funds focusing on India that invest in startup companies., despite the fact that funding Paucity has forced many startups into taking various measures to cut costs, including the layoff of employees. The funds, which were launched in 2022, have attracted over $15 billion.

Read more Gourmey gets $48 million to continue working on the lab-grown foie gras

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

ERP Modules: Types and Characteristics

Multiple options might be discovered while examining business management...

Agritech start-up Otipy is appointing Rohit Sood as its chief executive officer

Rohit Sood has been selected to be the chief...

Nykaa Q2: Profits up 333% year-over-year to the sum of Rs 5.2 crore Revenue up 39%

The second quarter in the fiscal year currently in...

Decentro is a fintech company has received $4.7M in the Series A round of capital

Funded by Y Combinator, a banking and payments API...