Japanese investment and consulting firm Dream Incubator, which made its India debut by investing in 99Games, an Udupi-based gaming startup, in January 2017, is now is in the process of launching a 5 billion yen ($44.3 million) to invest in Indian tech startups, according to a report in the Nikkei Asian Review.
The venture fund will officially be launched in March, this year.
As per the report, the venture fund will operate for a maximum of 10 years and will focus on smartphone-based entertainment fields such as games, music and video.
Headquartered in Tokyo, Dream Incubator is a strategic consulting and business development firm helping companies with their growth and expansion. It provides both capital and professional services to next-generation companies to support their growth and expansion, while also operating their own businesses as well. The firm has made 35 investment so far, according to data provided by Crunchbase.
The Nikkei Asian Review report further stated that Japanese mobile game company Akatsuki has agreed to invest in the this India-focused fund and Dream Incubator is also approaching other Japanese financial, information technology and entertainment companies to participate in the upcoming fund.
In India, Dream Incubator has so far invested in eight upcoming startups.
Notably, by mid of 2018 India will have the largest userbase of smartphone users in the World after China and therefore companies/startups working on smartphone-based services and offerings could grow exponentially, and this expectations has attracted Dream Incubator to set up an India-focussed fund.
The venture fund will officially be launched in March, this year.
As per the report, the venture fund will operate for a maximum of 10 years and will focus on smartphone-based entertainment fields such as games, music and video.
Headquartered in Tokyo, Dream Incubator is a strategic consulting and business development firm helping companies with their growth and expansion. It provides both capital and professional services to next-generation companies to support their growth and expansion, while also operating their own businesses as well. The firm has made 35 investment so far, according to data provided by Crunchbase.
The Nikkei Asian Review report further stated that Japanese mobile game company Akatsuki has agreed to invest in the this India-focused fund and Dream Incubator is also approaching other Japanese financial, information technology and entertainment companies to participate in the upcoming fund.
In India, Dream Incubator has so far invested in eight upcoming startups.
Notably, by mid of 2018 India will have the largest userbase of smartphone users in the World after China and therefore companies/startups working on smartphone-based services and offerings could grow exponentially, and this expectations has attracted Dream Incubator to set up an India-focussed fund.
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