Early-stage venture capital fund Riverwalk Holdings has launched a Rs 150 crore fund that plans to focus on investing in seed-stage Series A startups working in enterprise SaaS, fintech, consumer technology, and consumer brands.

Riverwalk Holdings is backed by Singapore-based Thakral Group and is supported by leading business organisations in India and Singapore. The fund will invest up to Rs 10 crore per startup and has already made four investments.

Riverwalk’s portfolio includes AI-based contract automation startup Spotdraft, a one-stop Ayurveda platform – The Ayurveda Experience, Mylo (a parent community and business platform), and Homeville (a housing finance platform).

Riverwalk aims to deploy the fund within 18 months. Managers lead Riverwalk with over ten years of investment experience in over 100 startups in India, Southeast Asia and the US.

Past investments include:
IPO-bound branded pharmacy chain Wellness Forever, Standard Chartered and HSBC Ventures-backed AI-based AML platform, Silent Eight; e-commerce SaaS platform, Anchanto; and consumer intelligence platform Mobilewalla.

The team has had notable exits such as Karza Technologies, Dropsuite, LogiNext acquired by Perfios for Rs 600 crore, and Wigzo acquired by Shiprocket, nCinga and LBB.