announced the launch of its standalone investment banking arm
and private investment arm, ProfitBoard Ventures, to back
technology enabled startups in India and South East Asia.
Headquartered in Singapore,ProfitBoard
Ventureswould assist early and growth stage startups in
fundraising through its consortium of investors, TMG said in a
statement.
It has already onboarded a consortium of global
investors to inject USD 100 million funding into selected
startups in the next 18 months, it said.
Our medium term three-year goal is to nurture 100
-plus startups from India and Southeast Asia,said Alok
Patnia, the Managing Partner of ProfitBoard Ventures.
TMG has assisted in 100-plus deals in the last three
years translating to about USD 180 million funding in its
existing portfolio of startups, according to the statement.
Founded in 1983, TMG provides advisory, tax and
regulatory services to global businesses with delivery centres
in Singapore, New York, San Francisco, Los Angeles, Bengaluru,
Mumbai, Kolkata, and Delhi, it was stated.
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