VC firm Riverwalk to back early-stage startups; launches Rs.150 crore fund
India-focused venture capital fund Riverwalk Holdings has launched a Rs 150 crore fund to back early-stage startups. The grants have been led by the Singapore-based Thakral Group and are upheld by a number of Indian and Singaporean businesses.
Riverwalk takes a sector-agnostic approach to investment, with preferred sectors including enterprise SaaS, fintech, consumer-tech, and consumer brands. The fund, which has already made four investments, will spend up to Rs 10 crore per company.
“The founding principles of Riverwalk have been shaped by the Thakral Group’s 117-year legacy of building successful businesses based on long term partnerships. The lifecycle of a start-up has its ups and downs and we are committed to being supportive throughout the journey. We are grateful to have like minded investors who also share our investment philosophy. Riverwalk will leverage its stakeholder network to accelerate the growth of startups by providing access to leading enterprises across Asia,”Satveer Singh Thakral, Founding Partner, Riverwalk, in a statement.
Riverwalk’s portfolio includes Spotdraft, an Al-based contract automation startup; The Ayurveda Experience, an Ayurveda platform; Mylo, a community and commerce platform for parents; and Homeville, a housing finance platform. Riverwalk intends to eliminate the finance within 18 months.