Taxmantra to Invest 100M USD in Indian and Southeast Tech Startups

Share This Post

Taxmantra Global (1), a global tax and legal firm, is looking to invest 100 million USD in India and Southeast Asia’s tech startups. The firm would pour the capital via its latest investment arm called ProfitBoard Ventures in the next 18 months. 

Launched earlier today (Tuesday, 20 October), ProfitBoard Venture, Headquartered in Singapore, is a curated growth-stage investment banking firm. It would focus on the startup funding, deal structuring and merger, and acquisition activities of Taxmantra.

The managing partner of ProfitBoard Ventures, Alok Patnia, stated that capital scarcity is the top roadblock to scale a startup for an idea. Patnia said that ProfitBoard would offer quality capital and the required hand-holding to early and growth-stage startups. The 3-year aim of the Taxmantra firm is to nurture over 100 startups from India and Southeast Asia.


Taxmantra to Take More Direct Role in the Investment Ecosystem with the Launch of ProfitBoard Ventures

Any startup interested in getting fundings from ProfitBoard Ventures would need to share their business plan. Then, the global advisory board of the firm would review the plans. Selected startups would get a chance to pitch their business with the ProfitBoard Consortium of international investors in a Virtual Hot Pitch. 

Alok Patania founded Taxmantra Global, TMG, in 1983. It offers advisory, tax, and regulatory services to global businesses. Moreover, it also has global delivery centers in New York, Singapore, Los Angeles, San Francisco, Mumbai, Delhi, Kolkata, and Bengaluru. 

In the past three years, Taxmantra has assisted more than 100 deals with 180 million USD funding in its existing startup’s portfolio. Reportedly, Taxmantra Global is looking to take a more direct role in the investment ecosystem with the launch of ProfitBoard Ventures. 

According to reports, India has seen a launch of more than 55,000 startups in the last five and a half years alone. From which, 3,200 startups have managed to secure 63 billion USD in funding. Investors are now more inclined towards startups, especially in the tech domain, because of the growth of digitalization and technology disruption in the current time. 

+ posts

Rucha Joshi, currently managing a team of over 20 content writers at TimesNext is fueled by her passion for creative writing. She is eager to turn information into action. With her hunger for knowledge, she considers herself a forever student and a passionate leader.

Related Posts

India is Ready to Embrace Its 5G Stack by October 2022, Says Communications Minister

On Wednesday, 18th May, the Minister of Communications, Electronics,...

Indian Unicorns Laid Off Over 5,600 Employees in the Last 5 Months

From Indian unicorns like Vedantu and Unacademy to global...

TikTok is Now Foraying into Gaming, Reported Reuters

On 19th May, Reuters received news from four people familiar with...

Looking to get into NFT domains early? makes it possible

The benefits that the decentralization of the internet through...

Clearview Settles with Restricted Database Sales, But Challenges Remain

Clearview AI, a facial recognition surveillance firm, has agreed...

How to Mint Your First .Metaverse Domain on

Be it Web 3.0 or Metaverse, NFT domains are...