ProfitBoard Ventures to infuse $100 million into startups through consortium

Taxmantra Global has announced the launch of its standalone investment banking arm and private investment arm, ProfitBoard Ventures, to back technology-enabled startups in India and Southeast Asia.Headquartered in Singapore, ProfitBoard Ventures would 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 $100 million 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, Managing Partner of ProfitBoard Ventures. Startups would be required to share their Business Plans on ProfitBoard Venture’s platform, which has been specifically curated to focus on startups from India and Southeast Asia. The plans would be reviewed by Profitboard’s global advisory board and the selected startups will get a chance to pitch their businesses to the ProfitBoard Consortium of global investors in a Virtual Hot Pitch.