Venture Intelligence (TSJ Media Pvt. Ltd.)
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Unitus' Rs.300-Cr opportunity fund makes first close at Rs.80-Cr
Early-stage venture capital (VC) fund Unitus Ventures has made the first close of its opportunity fund at INR 80 crore. The firm is planning an INR 300-crore (around USD 80 million) opportunity fund, through which it would invest in successful startups from its first two funds. Unitus has backed startups such as CueMath, GigForce, Masai School and CareerNinja. It has already backed some portfolio startups such as BetterPlace, Cuemath, Awign, Masai, Eduvanz from the fund, which is expected to see final close over the next 12-18 months. The firm also plans to make the first close of its USD 100 million third fund in India in the last quarter of calendar year 2023.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.