Japan’s Dream Incubator to launch $44m India-focused tech fund

Japanese management consulting firm Dream Incubator is in the process of launching a 5 billion yen ($44.3 million) to invest in Indian startups, according to a report in the Nikkei Asian Review.

Dream Incubator, which has already made a couple of investments in the country, plans to launch the India-specific fund in March. As per the news report, the fund will operate for a maximum of 10 years and will focus on smartphone-based entertainment fields such as games, music and video.

Dream Incubator is a strategic consulting and business development firm primarily working with Japanese corporate clients and governmental institutions. 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 made its India foray in January when it participated in Udupi-based 99Games Online Pvt. Ltd’s funding round, along with existing investors Ascent Capital and Kalaari Capital.

In a recent interview to Mint, Munehiko Eto, manager at the Tokyo-based Dream Incubator said that the firm has already invested in two fintech companies and has recently committed to investing in one more fintech company in India. It is seeking opportunities in mobile gaming, fintech, healthcare tech and digital media, with 10 opportunities on its investment shortlist now.

It was reported earlier this week that Dream Incubator had participated in a $3-million funding round in Mumbai-based Baldor Technologies Pvt Ltd that runs IDfy.com. The round was also joined by venture capital firm New Enterprise Associates and NB Ventures, among others.

According to the Nikkei report, Japanese mobile game company Akatsuki has agreed to invest in the India-focused fund. Dream Incubator is also reaching out to other Japanese financial, information technology and entertainment companies to participate in the upcoming fund.

In 2015, Dream Incubator had announced plans to launch a $100-million DIAIF Fund II, which was to focus on the India and the Southeast Asian (SEA) markets. However, it is not clear if the plans for the fund materialised. In 2016, the investment firm established a DI India Liaison Office in Mumbai, India.

Japanese investors have been keen investors in the Indian market, led by giant SoftBank which has pumped in billions of dollars in India last year. Other Japanese investors investing in India include Digital Garage, Beenos, Beenext and Spiral Ventures, among others.

Also Read:

Dream Incubator invests in 99Games

HR tech startup IDfy raises $3m funding

Japan’s Dream Incubator sets up $100m second fund, to invest in Vietnam, India & SEA

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.