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Unicorn India Ventures marks 1st close of third fund at ₹225 cr
Mint Mumbai
|September 06, 2023
Unicorn India Ventures on Tuesday said it has marked the first close of its third venture capital fund at ₹225 crore (around $27.2 million).
The early-stage venture capital firm, which is looking to raise as much as 1,000 crore for the third vehicle, is expecting to make the final close of the fund by the end of the 2024 financial year.
Unicorn India Ventures is targeting to invest the corpus in startups in basically two of its priority segments-global software-as-a-service and digital platforms. It is also looking at newer sectors of climate tech, agritech, spacetech and the semiconductor ecosystem.
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