9Unicorns marks the fifth closure at $100 million of its maiden fund

• ByStartupStory     |    May 9, 2022

9Unicorns, a Mumbai-based early-to-growth stage accelerator recently announced its fifth closure of its first fund at $100 million. It is India’s first stage and sector agnostic accelerator VC which provides acceleration support and seed funding to both early and growth stage startups. The fund was announced in the late 2020 with a total size of $50 million having an overall positive attitude in the Indian startup ecosystem and fund’s current portfolio performance has led to $100 million so far.

The accelerator fund has made investment in more than 110 deals so far including Deeptech, enterprise SaaS, Web3.0, fintech, media and D2C startups. It further plans to invest $500K to $1 million in high-growth stage startups in this year. It has also invested in startups like Vedantu, Melorra, Shiprocket, Reshamandi, GOQii and many more.

Dr. Apoorva Ranjan Sharma, the Managing Director and founder of 9Unicorns said that their unique approach to redefine idea-stage funding has caused an increase in thefund size with various leading LPs believing in the strategy. Additional to this the the company witnessed last year as one of its best year in the startup ecosystem, as the company invested in 101 deals in 2021 and has strategised to double the amount this year. The company’s USP also lies in the fact that it permits the startup to tap into its vast Indian business communities in cities other than metro cities, eventually making it pan-India. 

9Unicorn’s power and focus is on direct involvement with the startup ecosystem beyond capital. The company besides its investment expands access to a wide network of successful founders and category leaders. The company allows getting early customers, cross-portfolio synergies and distribution partnerships for leveraging the pre-existing network across 5,500+ investors, founders and the executives in the ecosystem.

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