Home » India » Akatsuki’s VC unit scouts for deals in India

Akatsuki’s VC unit scouts for deals in India

Mar 6, 2019 | Emerging Trends, India

Like most early-stage investment firms operating in these segments, AET Fund is betting on the growing number of internet users in India, the increasing penetration of smartphones, and lower data costs.

Akatsuki Entertainment Technology (AET) Fund, the venture capital arm of Tokyo-listed gaming and entertainment company Akatsuki, is the latest risk capital investor to scout for deals in the Indian startup ecosystem.

The $50-million (about Rs 352-crore) proprietary capital fund is looking to bet on content-focused startups, particularly those providing content in vernacular languages, gaming, entertainment and media in Asia’s third-largest economy. “We typically invest in seed and Series-A rounds, with a typical cheque size of about $500,000. We are investing in three regions — India, US and Japan,” Yuki Kawamura, principal at AET Fund, told ET.

According to Kawamura, AET is also working with Accel Partners and Blume Ventures, two leading VC firms operating in the country. “Because we are still quite new in this market, all of our investments, so far, have been co-investments with local partners. We will be co-investing for the next year or so with local VCs,” Kawamura said.

Make an Enquiry
Fill out the form and a member of our team will get back to you shortly. Usual response time 1-2 hours.


Kawamura said that the AET Fund has also partnered with other ‘top-tier’ VC funds, but declined to share names, citing confidentiality.

Like most early-stage investment firms operating in these segments, AET Fund is betting on the growing number of internet users in India, the increasing penetration of smartphones, and lower data costs.

“I am more than happy to engage with startups providing services and product that cater to that population,” Kawamura said. But the developments also come at a time when early-stage investments in India, particularly angel and seed-stage deals, have been seeing a steep drop in the country. Data from Tracxn, an aggregator of deal information, shows the strain in the space. The number of deals fell from 366 in 2016 to barely over 100 so far in 2018.

Article Source : economic times

Up to 15% Returns on Investment

Fixed return investments fully backed by properties.

*15% p.a. paid at the end of the term on capital gain option*

 

Submit your email address and a member of our team will contact you shortly. Usual response time is 1-2 hours.

INVESTORS WARNING!

For a company that mainly offers investments into real estate and that has only yesterday launched a new product: ETA Rental Guarantee; and with thousands of properties in Pattaya, this might sound a bit suicidal as the current Occupancy rate is Pattaya has dropped...

THE WORST IS YET TO COME…

If you are one of the thousands of property owners that have been patiently or possibly more realistically, frustratingly, trying to find a buyer willing to pay anywhere near the amount you originally paid for your property then you are not going to like what’s coming...

Bullish James Murdoch sets up first Mumbai office

James Murdoch , younger son of media mogul Rupert Murdoch , has set up the first office outside the US for his new investment firm, Lupa Systems, in Mumbai. It will be led by his former associate Nitin Kukreja, who said, “James has always been bullish on India. It’s a...

UP TO 15% PER YEAR FIXED RETURN

 

Flexible Terms

3 year investment plan, ideal for first-time investors.

Flexible Payment Options

Option to receive interest payments monthly or quarterly.

Share This

Share this post with your friends!