Fund News
Unicorn India Ventures raises Rs.1,000-Cr for Fund III
Early-Stage venture capital firm Unicorn India Ventures (UIV) has raised the initial target amount of INR 1,000 crore for its third fund. The firm is currently exercising the greenshoe option of INR 200 crore.From this fund, UIV plans to invest 80% of the capital in deep-tech companies in domains such as semiconductor design, space, and defence. Its target is to invest in around 20 companies, with an average ticket size of USD 2 million.To date, the firm has deployed capital in around 16-17 companies, with 2-3 companies currently in the pipeline.UIV had launched its first fund with a corpus of INR 100 crore. Later, in 2020, it launched its second fund with a corpus of INR 300 crore.
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