New fund
Unicorn India Ventures opens Fund III with ₹225 crore
By Startup Enthusiast ·
- Date
- Company
- Unicorn India Ventures
- What it does
- Unicorn India Ventures
- Kind
- New fund
- Amount
- ₹225 Cr
- Based in
- Mumbai
What they do
The Mumbai early-stage firm announced ₹225 crore as first close of its planned ₹1,000 crore third fund, with final close targeted for March 2024
What happened
It plans around 25 startups in SaaS and digital platforms, adding climate tech, agritech, spacetech and semiconductors, with first cheques of $1–2 million
Why it matters
Just 20% of investable money goes into the first portfolio; the rest is kept for follow-on rounds in the winners
The details
- Unicorn India Ventures announced the first close of its third fund at ₹225 crore.
- The fund is planned at ₹1,000 crore, with final close expected by March 2024.
- The plan is about 25 startups working on global SaaS and digital platforms.
- New areas include climate tech, agritech, spacetech and semiconductors.
- The firm avoids cash-hungry consumer businesses such as D2C and consumer internet.
More on Unicorn India Ventures
- Unicorn India Ventures and IIT Madras announce fund26 September 2026 · New fund · ₹450 Cr
- Unicorn India Ventures founder discusses early-stage investing and India's startup evolution20 February 2026 · Analysis
- IIT Madras and Unicorn India launch deeptech fund6 February 2026 · New fund · ₹600 Cr
- Unicorn India Ventures closes Fund III at ₹1,200 crore24 October 2025 · New fund · ₹1,200 Cr
- Unicorn India Ventures partly exits Sascan Meditech17 July 2024 · Stake sale
- Unicorn India Ventures closes first tranche of Fund II30 March 2020 · New fund · ₹90 Cr