Unitus Ventures raised Rs 75 Cr from SIDBI
Unitus Ventures has secured an investment of Rs 75 cr under SIDBI's Fund of Funds for Startups initiative. The fund received from Small industrial Development Bank of India (SIDBI ) will strengthen the deployment of Unitus' second fund that was launched in 2018.
"To maintain the fund focus and support our portfolio companies through the growth stages operating experience is pivotal. Unitus Ventures Fund II will invest in 15-20 startups in early and scale-up stages with ticket sizes between $0.5 million to $1.5 million," Unitus Ventures' Partner Srikrishna Ramamoorthy said.