Venture Intelligence (TSJ Media Pvt. Ltd.)
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Incubation platform 9Unicorns announces 4th close of Fund I at $50-M
Startup incubation platform 9Unicorns has announced the fourth close of its first accelerator fund (Fund I) at USD 50 million. The fourth close witnessed participation from industrialists and businesses including snack maker Haldiram's, Indian Bank, Ahmedabad-based Chona Family Office, Parakh Foods and Puzzolana Group along with other limited partners. With focus on deeptech, software-as-a-service (SaaS), media, fintech, insuretech, healthtech, and logistics startups, 9Unicorns typically invests around USD 150,000 for 5%-7% equity in idea-stage startups. The Venture Catalysts (VCats)-backed fund plans to invest in 150 startups over the next year.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.