Think Investments

Think Investments LP is a private investment firm based in San Francisco, California, primarily operating as a hedge fund rather than a traditional venture capital firm. Unlike VCs who invest in early-stage, private companies, Think Investments focuses on public equity markets. Their strategy involves making long-term investments in publicly traded companies, often identified through deep fundamental research. This distinction means that the concept of a "first cheque size" for startup funding, as typically understood in the venture capital landscape, does not apply to their investment activities.

The firm is known for its particular expertise and significant exposure to emerging markets, with a notable emphasis on Indian equities. Think Investments employs a concentrated portfolio approach, taking substantial positions in a select number of companies they believe are undervalued or have strong growth prospects. Their investment decisions are driven by a thorough analysis of macroeconomic trends, industry dynamics, and company-specific fundamentals.

As a hedge fund, Think Investments manages billions of dollars in assets. Reports from financial news outlets and regulatory filings indicate that their assets under management (AUM) have been around $2.5 billion in recent years, reflecting their considerable scale in the public markets. Their investments typically involve acquiring shares of publicly listed corporations, and the size of these positions can vary widely, often reaching hundreds of millions of dollars in a single company, such as their reported holdings in major Indian banks like ICICI Bank. Consequently, the firm does not provide "first cheques" to private startups, and the metrics for minimum and maximum check sizes are not applicable in the context of venture funding.