Future Wealth Investments launches debut $50-M venture fund

Singapore-based Future Wealth Investments has launched its debut venture fund with a target corpus of USD 50 million and a green shoe option of USD 10 million. The firm aims to build a portfolio of 20 startup investments across the regions of India, the UAE, and Singapore. The fund will primarily focus on pre-seed to Series A investments, with initial cheques ranging from USD 250,000 to USD 5 million.Future Wealth's portfolio of Indian startups includes petcare brand Heads Up For Tails, fintech platform Mobipay, quick commerce startup Zippee, and satellite communications firm Tantrayut.