Riverwalk Holdings launches Rs 150 cr funds for early and growth-stage startups
- ByStartupStory | May 27, 2022
Riverwalk Holdings announced the launch of a Rs 150-crore fund to support early-stage entrepreneurs. The Singapore-based Thakral Group anchors the early-stage, India-focused venture capital fund, which is also supported by renowned corporate houses in India and Singapore.
The funds will concentrate on enterprise SaaS, fintech, consumer-tech, and consumer brands. It would invest up to Rs 10 crore from the total fund size in Seed to Series A enterprises. Riverwalk has invested in four businesses so far: Spotdraft, The Ayurveda Experience, Mylo, and Homeville. The cash is planned to be deployed during the next 18 months, according to a statement released by the startup on Thursday.
Riverwalk, based in Singapore, was founded in 2021 by Jai Sumer Singh and Satveer Thakral Singh with a focus on early-stage and growth-stage entrepreneurs. According to one of the fund’s founding members, the VC fund intends to use its stakeholder network to accelerate the growth of start-ups by giving access to prominent corporations across Asia.
Jai Sumer Singh, the founding partner of Riverwalk said that the firm is aiming to collaborate with founders that are focused on establishing fundamentally robust and capital-efficient firms. This mentality has served well in the past, and the company is looking forward to replicating it.
Previously, it invested in a number of companies, including the soon-to-be-IPO drugstore chain Wellness Forever. Riverwalk also exited Karza Technologies, which was bought by Perfios for Rs 600 crore, Dropsuite, LogiNext, Wigzo, and a few more companies.
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