NVentures

nVentures is a seed-stage venture capital fund based in Singapore that specializes in B2B fintech startups across South and Southeast Asia. Founded in 2019 and licensed by the Monetary Authority of Singapore, the firm was established by entrepreneurs who recognized the need for a founder-friendly, early-stage VC fund with deep technical expertise. The firm's investment thesis centers on identifying and scaling proven business models with regional relevance, leveraging a vast network of early adopters and potential customers spread across Southeast Asia, the Pacific Islands, and Europe. nVentures positions itself as a bridge connecting South Asian startups to the Southeast Asian ecosystem, capitalizing on the region's projected digital economy growth to $1 trillion by 2030 and the fintech market expansion to $180 billion by the same year. The firm's founding team brings substantial operational and investment experience from successful exits and multinational technology companies. Ashok Verma, Founding Partner and CEO, successfully founded and exited nCinga Innovations and brings 25+ years of experience from companies like IBM, Cisco, and HPE in telecom, IoT, and analytics. Imal Kalutotage, also a Founding Partner, served as CEO of nCinga Innovations and has 20+ years of experience in networking, IoT, and analytics across Asia Pacific and the Gulf region. Managing Partner Chalinda Abeykoon has spent nearly 15 years working with startups, mentoring over 3,000 entrepreneurs and helping launch more than 50 startups across South and Southeast Asia, earning recognition through the prestigious Chevening Fellowship from Oxford University. nVentures' investment approach focuses on seed-stage startups with coachable and adaptive founders, though revenue is not mandatory—the firm values ideas with some market validation and regional scalability potential. The firm's unfair advantages include deep fintech expertise in digitizing and transforming relationships with telcos, banks, and financial institutions; a go-to-market network of early adopters ready to validate solutions; regional expansion bridges via Sri Lanka and Singapore; and access to Tier I VCs for scaling insights and follow-on funding preparation. The team also includes General Partners Kumar Buvanendaran (30+ years in performance management and founder of a $70M architecture and engineering services firm) and Sanjaya Mohottala (former Managing Director and Partner at Boston Consulting Group), alongside Investment Associates and Analysts with backgrounds in finance, AI, data science, and business development. The firm's portfolio demonstrates successful outcomes, including the exit of nCinga Innovations, which was transformed across seven Asian countries and achieved significant returns for investors within five years. nVentures' core values emphasize being curious but disciplined, aggressive but ethical, peer-driven but accountable, risk-tolerant but sustainable, and brutally honest but empathetic. The firm operates from its Singapore headquarters and actively seeks B2B fintech solutions that address hard problems through digitization and technology adoption, targeting startups that uplift households, communities, and businesses across the region.