Taxmantra Launches $100 Mn Fund To Invest In India, Southeast Asian Tech Startups

Global tax and legal firm Taxmantra Global is looking to invest $100 Mn into technology-enabled startups in India and Southeast Asia in the next 18 months, through its latest standalone investment arm called ProfitBoard Ventures. The venture was created to bring Taxmantra’s startup funding, deal structuring and merger and acquisition activities to core focus.

Headquartered in Singapore, ProfitBoard Ventures is a curated growth-stage investment banking firm launched on Tuesday (October 20). It will assist early and growth-stage startups in fundraising through its consortium of global investors. ProfitBoard Ventures has already onboarded a consortium of global investors.

Alok Patnia, the managing partner of ProfitBoard Ventures, said, “Inadequate capital is the number one roadboack on the path to scale from idea stage, this is where ProfitBoard Ventures will offer quality capital and much required hand-holding to early and growth-stage founders. Our medium-term 3-year goal is to nurture 100+ startups from India and Southeast Asia.”

Any startup approaching ProfitBoard Ventures would be required to share their business plans. The plans would be reviewed by the fund’s global advisory board and the selected startups will get a chance to pitch their businesses to the ProfitBoard Consortium of global investors in a Virtual Hot Pitch.

13 views0 comments
  • Amazon Social Icon
  • Facebook Social Icon
  • LinkedIn Social Icon
  • Twitter Social Icon
  • Instagram

© 2021 by StartupNews. Proudly created in India