Fund News
Japan’s Incubate Fund to enter growth-stage investing in Indian startups
Tokyo-based early-stage venture firm Incubate Fund , which has backed insurtech startup Plum, seafood supply chain platform Captain Fresh, and mobility startup Yulu, is looking to diversify into growth-stage investing in Indian startups with the aim of taking their solutions to Japan and Southeast Asia.The fund will also evaluate consumer-facing platforms, going forward. Incubate is keen on building a portfolio of fintech startups across credit cards, wealth, payments, credit on the enterprise and consumer side.Founded in 2010, Incubate, which specialises in technology investments, runs two separate vehicles here -- Incubate Fund Asia and SMBC Asia Rising Fund. SMBC focusses on seed deals and closed its third fund with a corpus of USD 30 million earlier this year.
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