Riverwalk Holdings releases INR 150 Crore Fund; To Back Early-Stage Start-Ups
By Team Startupcity | Friday, 27 May 2022, 08:57 Hrs
Riverwalk Holdings, an early-stage India-focused venture capital fund, announced the launch of their INR 150 crore fund. The Fund is anchored by the Singapore based, Thakral Group and has been backed by leading business houses across India and Singapore.
Riverwalk has a sector agnostic investment approach with preferred sectors such as Enterprise SaaS, Fintech and Consumer-tech and Consumer brands. The fund will invest up to INR 10 crore per start-up, and has already made 4 investments. Riverwalk’s portfolio includes, AI based contract automation startup, Spotdraft; one stop ayurveda platform, The Ayurveda Experience; community & commerce platform for parents, Mylo; and housing finance platform, Homeville. Riverwalk aims to deploy the fund within 18-months.
Riverwalk is led by managers with over 10 years of investing experience across 100+ start-ups in India, South East Asia and USA. Past investments include the IPO bound branded pharmacy chain, Wellness Forever; AI based AML platform, backed by Standard Chartered Ventures and HSBC Ventures, Silent Eight; e-commerce SaaS platform, Anchanto; and consumer intelligence platform, Mobilewalla. The team has had notable exits such as Karza Technologies, which has been acquired by Perfios for INR 600 crore; Dropsuite (ASX: DSE); LogiNext; Wigzo, acquired by Shiprocket; nCinga; and LBB.
“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” Satveer Singh Thakral, Founding Partner, Riverwalk.
In addition to its founder-first mandate, “Riverwalk will leverage its stakeholder network to accelerate the growth of start-ups by providing access to leading enterprises across Asia” added Satveer.
“We are looking to partner with founders who are focused on building fundamentally strong and capital efficient businesses. This philosophy has worked out well for us in the past and we are just focused on replicating it” said Jai Sumer Singh, Founding Partner, Riverwalk.