Picus Capital to ramp up India investments, Asia exposure in 2021

Oliver Heinrich. Partner at Picus Capital

Unfazed by COVID-19 uncertainties, German early-stage technology investment firm Picus Capital is looking to increase its exposure in Asia, particularly in India.

The Rocket Internet co-founder Alexander Samwer-led firm, which has backed about five startups in India and three in Singapore, is looking to expand its wings to other Southeast Asian markets, and also China.

“We would be allocating 25 per cent of our investments to markets in Asia going ahead. Apart from Singapore and India, other markets that we are keenly looking at are Indonesia, Thailand and China. We may look at doing direct investments in these markets or in companies in Singapore that have gone to expand in these markets. In all, we are looking at 10 investments in Asia next year,” Picus Capital partner Oliver Heinrich told DealStreetAsia in an exclusive interaction.

Founded in 2015, Munich-based Picus Capital typically invests from $250,000-750,000 in each startup. It also does follow-up investments involving larger cheques. In India, the firm has placed bets in fintech, healthtech and edtech sectors, and is also bullish on the B2B SaaS space as more and more workplaces are working remotely.

It last invested $500,000 as seed capital in BASIC Home Loan, a Gurugram-based startup developing a platform for automating home loans for middle and low-income households in India. Its other portfolio companies in India include Lido Learning, Meddo, and MoneyOnClick.

On the impact of COVID-19 on businesses this year, Heinrich said, “There was uncertainty during the beginning and middle of the year. Companies took a bit more conservative approach when it came to allocating their investments. But we see the situation improving now. Good companies with strong fundamentals will always find a way to capture and raise capital at a reasonable valuation.”

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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.