RECENT FUNDING
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  3. Incubate Fund India
I

Incubate Fund India portfolio

Incubate Fund India has 1 portfolio company on record at Recent Funding, with 1 investment in the last 12 months.

Website: incubatefund.in.
Type: Venture capital.
Portfolio on Recent Funding: 1.
Deals, last 12 months: 1.
Capital in their rounds: $102M.
Latest deal: Captain Fresh · Apr 23, 2026.
About this page

It is a venture capital firm based in Tokyo, JP, founded in 2016. Its most recent investment on record is Captain Fresh's $40M Series B+ round in April 2026, alongside Z47, Naspers, Ankur Capital and 5 others. That company is in Commerce and retail. It has co-invested with Accel, Z47 and Tiger Global Management, most often Accel (3 rounds).

About Incubate Fund India

Firm type: Venture capital.
Headquarters: Tokyo, JP.
Founded: 2016.
Stages: Pre-Seed, Seed.
Sectors: Advanced Manufacturing, AgTech, Biotech, Deep Tech, EdTech, Energy, Fintech, Healthtech, Media & Entertainment, Mobility & Transportation, PropTech, Retail Tech, Sector Agnostic, Space Tech.
Leads rounds: Yes.
Portfolio companies: 42.
Exits: 0.
Rounds led: 0.

What Incubate Fund India invests in

Incubate Fund India recent investments

CompanyRoundDateAlongside
CCaptain FreshSeries B+ · $40MZ47, Naspers, Ankur Capital +5
CCaptain FreshSeries B+ · $50MZ47, Ankur Capital, Tiger Global Management (lead) +3
CCaptain FreshSeries A · $12MZ47, Asish Mohapatra, Jitendra Gupta +7

How Incubate Fund India invests

StageDealsCapital in rounds
Series B+ 2 67%$90M
Series A 1 33%$12M
YearDealsCapital in rounds
2021 1 33%$12M
2022 1 33%$50M
2026 1 33%$40M

Incubate Fund India portfolio companies

CompanyRound with Incubate Fund IndiaTotal raisedLatest raise
CCaptain Fresh
Commerce and retail
Series B+ · $40M$147MApr 23, 2026
Series B+

Most frequent co-investors

Similar investors

Investors whose portfolios on Recent Funding center on the same category (Commerce and retail).

How this is counted

Firm profile: Fundraising Fox Open Dataset v2026-09, CC BY 4.0. Track-record counts are theirs, not Recent Funding's.

Share is of the 3 rounds on Recent Funding that name Incubate Fund India. Rounds with no announced date are left out of the year split, and "round" is a round whose stage is not on file.

Portfolio companies are the companies on Recent Funding with a round that lists Incubate Fund India, which is a subset of its real portfolio. API: /api/v1/investors/incubate-fund-india (get a free API key). More: the most active VC firms and new venture capital funds.