Unicorn India Ventures opens US operations
By Abha Lohia ·
Unicorn India Ventures: funding and every story →
PeopleFinancial Services
- Unicorn India Ventures is a venture capital firm that backs Indian deeptech startups and recently closed its third fund of ₹1,200 crore
- It has started operations in the United States, led by former Google executive Kishore Kanakamedala, who joins as a venture partner
- His team will build an American investor network and help portfolio companies expand abroad, drawing on interest seen from US investors during fundraising
What happened
- The fund launched US operations.
- Ex-Google executive Kishore Kanakamedala joins as venture partner.
- He will recruit a US team of experienced mid and senior hires.
Why it matters
- US investors showed strong interest in Indian deeptech during the third fund raise.
- The move builds a co-investment ecosystem close to global tech.
The business
- Unicorn India Ventures invests in deeptech.
- Its third fund closed at ₹1,200 crore.
The founders
In numbers
₹1,200 croreThird fund size · 2026
Terms in this story
- Startup: A startup is a young company built to find a new way of doing something and to grow fast, usually by serving many customers at low extra cost. India's government also has a narrower legal definition that decides who gets scheme benefits.
- Unicorn: A unicorn is a privately held startup whose investors value it at $1 billion (about ₹8,000 to ₹9,000 crore at recent exchange rates) or more. A soonicorn is one expected to get there soon, and a decacorn is valued at $10 billion or more.
- Deep tech: A deep-tech startup builds its business on new scientific or engineering knowledge, such as space technology, advanced materials or new kinds of chips, so it needs years of research and more patient money than an ordinary app company.
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