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The Silicon Review Asia

A ₹400 Crore Tech-Focused Fund Is Now Launched by Unicorn India Ventures

A ₹400 Crore Tech-Focused Fund Is Now Launched by Unicorn India Ventures

A launch of ₹400 crore funds is now made by Unicorn India Ventures. This is its third venture capital fund. It will also be backing up companies at the pre-series A and series A stage. This news comes from the managing partner Anil Joshi. Funds, for now, is said to have received ₹50 crore. Further, the company aims to invest exclusively in the B2B tech startups that will also include Software as a Service, Machine Learning, Internet of Things, and Artificial Intelligence.

This new strategy is going parallel with crop investments. It is mainly focusing on businesses than individuals. Anil Joshi further said that the acceptance for B2B firms among investors is slowly increasing. Also, these firms are currently attracting large capital and that has been aiding the company. Further, they also did say that the strategy is working for Unicorn India Ventures. The company says it understands the space and also has seen good follow rounds in the tech firms. Not to mention the fact that the said it will be backing them.

The firm was initially set up by BhaskarMajumdar and Anil Joshi back in 2015 that had raised ₹100 crore. That later followed up with the second cross border fund.

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