Japan's Incubate Fund Launching India-Specific $27 Million Startup Fund

3 April 2019 7:54 AM GMT

Japanese venture capital fund, Incubate Fund is set to raise $27 million India dedicated fund by the end of the year for investing in promising Indian startups, Nikkei Asian Review reported on Tuesday. Dubbed as Incubate Fund India, the fund will be launched this summer and the Tokyo-based venture capital specialist

Japanese venture capital fund, Incubate Fund is set to raise $27 million India dedicated fund by the end of the year for investing in promising Indian startups, Nikkei Asian Review reported on Tuesday.
General partner of Incubate Fund, Nao Murakami, along with other experienced Japanese staff will be stationed in Silicon Valley of India, Bangalore, to scout for startups to invest in.
In December, Indore-based Shopkirana, that connects brands and traditional retailers with the help of technology and supply chain innovation, has raised $2 million from investors that include Incubate Fund.