Unicorn India Ventures

The investment is the fund’s seventh investment

Unicorn India UK-India’s fund, Unicorn Ascension Fund, was set up in 2018

The fund aims to invest in UK-based startups who are looking to enter the Indian market

The first close of INR 150 Cr is expected to happen by the end of this year

Fund will focus on fintech, healthtech, robotics, gaming, digital content startups among others

Existing portfolio includes Open Bank, SmartCoin, Sequretek and Pharmarack

Existing investors Axilor Capital and Kumar Vembu also participated in the round

The funding will be used to develop its core software access platform

Open App produces Bluetooth and GSM enabled smart locks for enterprises

The fund has already received soft commitments up to $27.64 Mn (INR 200 Cr)

Federal Bank’s investment is expected to be about 10% or approximately $8.29 Mn (INR 60 Cr)

The first close of the new venture debt fund is expected to be announced by early November

This Cross-Border Fund Will Support UK Startups That Are Looking To Enter The Indian Market

The Company Plans To Use The Funding To Upgrade It Technology Platform

Important Movers And Shakers Of The Indian Startup Ecosystem [12–17 March 2018]

The Venture Debt Fund Will Also Have A Greenshoe Option Of $30 Mn

GenRobotic, SectorQube And Perfectfit Fashion Received Seed Funding From Unicorn India Ventures

As Of September 2017, Around 5 Startups Have Already Been ShutDown While 3 Got Acquired Post Funding From AIFs

Unicorn India Ventures’ Debt Fund Will Look To Invest In About 10 Startups Every Year

Unicorn India Ventures Becomes One Of The First Hybrid Funds In India