Unicorn India Ventures announced first close of its Fund-II at Rs 90 Cr


Aiming to capitalize on early-stage startups, Unicorn India Ventures announced first close of its Fund-II at Rs 90 cr, it has already received first tranche and is targeting to raise a total of Rs 400 cr in next 12 months. The firm will be looking to deploy the latest fund in around 20 startups by infusing about $1 million at their pre-Series A stage and upwards. It has already made its first bet from the latest fund, backing neo-diagnostics startup Sascan. Unicorn India Ventures is an early-stage technology-focused Indian registered venture fund that is known to invest in seed and early stages with initial and follow-on investments in the range of Rs 50 lakhs to Rs 10 crore.

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