New fund
Unicorn India Ventures closes Fund III at ₹1,200 crore
By Startup Enthusiast ·
- Date
- Company
- Unicorn India Ventures
- What it does
- Unicorn India Ventures
- Kind
- New fund
- Amount
- ₹1,200 Cr
- Based in
- Mumbai
What they do
The third fund closed at ₹1,200 crore, beating its ₹1,000 crore target after the firm used a ₹200 crore extra-allocation option
What happened
About a third came from foreign investors, mostly American, and the rest from Indian institutions, family offices and wealthy individuals
Why it matters
Most of the fund targets deeptech such as semiconductors, space and defence, with about 20 startups planned at ₹10–15 crore average cheques
The details
- Unicorn India Ventures reached the final close of its third fund at ₹1,200 crore.
- The initial target of ₹1,000 crore was crossed, so a ₹200 crore greenshoe (extra-allocation option) was used.
- Around 80% of the fund is meant for deeptech in semiconductors, space and defence.
- About 20 startups are planned, with average tickets of ₹10–15 crore.
- The fund began with a ₹225 crore first close in September 2023.
Other articles talking about it
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- 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 partly exits Sascan Meditech17 July 2024 · Stake sale
- Unicorn India Ventures opens Fund III with ₹225 crore5 September 2023 · New fund · ₹225 Cr
- Unicorn India Ventures closes first tranche of Fund II30 March 2020 · New fund · ₹90 Cr