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Economic Times
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Venture fund TurboStart launches new platform to connect startups and investors
- TurboStart, a venture capital firm in Bengaluru, has launched TS Bridge, an investment platform that will pair investors with potential startups across a range of stages.
- The platform will currently link up 170 investors, with the goal of hitting 1,000 investors in its initial year.
- TurboStart intends to support over 30 startups in its first year.
- TS Bridge has two different investment categories – Scout and Rise – targeted at super-early-stage startups at MVP stage, and later-stage startups up to Series A.
- TurboStart has currently invested in 52 startups since its launch in 2019.
- Unlike traditional funds that demand high-value investments, TurboStart offers an investment model with smaller ticket sizes, making it more accessible to a larger range of investors.
- TurboStart's micro-funding model, which seeks to invest smaller funds in deep tech and R&D-focused startups, has raised an aggregate of approximately USD 60m via two closed funds over the past three years.
- The company intends to incorporate a total of 50,000 investors within the next 2-3 years.
- TurboStart is based in Bengaluru but is currently looking to branch out to several Tier-II and Tier-III cities.
- Four startups have already been picked for investment by TurboStart via TS Bridge, including ToHands, a fintech startup that will provide an all-in-one solution for Kirana stores, and Realm, a luxury real estate management platform developer.
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