Bombay-sectoral agnostic fund 9Unicorns announced the fourth closing of its first accelerator fund at $ 50 million At a time when the Indian startup ecosystem is experiencing its golden period with the birth of 15 unicorns this year already.
In addition, the company is also having its very first demo day – D-Day, with his parent company Business catalysts August 11-12 to showcase 30 odd-numbered startups (15 each from 9Licorns and Venture Catalysts) to mark global VCs and help them raise bigger rounds of investment.
In the midst of this frenzy, 9Unicorns claims to have made investments in 59 weird startups, with a combined valuation set at $ 420 million. Seven of the startups have already raised larger investment rounds in a valuation range of 1.65 to 4 times. 9Licorns plans to invest in 150 of these startups over the next year.
The team of the 9Licornes group
The fourth closing saw the participation of some global and Indian industrialists and companies including snack maker Haldirams, Indian Bank, Ahmedabad-based Chona Family Office, Parakh Foods, Puzzolana Group and many other LPs from small Indian towns to cities. global.
With a focus on deeptech, B2B SaaS, media, fintech, insuretech, healthcare, edtech and logistics, its portfolio includes mediatech Toch.ai, the revenue-based finance company Klub , fertility care provider Janani, marketing automation company ExtraaEdge, audio production automation company Deepsync, lifestyle shoe brand D2C Monrow, and edutech Qin1.
Commenting on the fourth closing, Dr Apoorva Ranjan Sharma, CEO and Founder of 9Unicorns, mentionned,
“India is set to come across hundreds of multi-billion dollar companies by 2023 so we think it’s a good time for us to conduct our first day of demo to showcase some of our startups. innovative to global VCs in order to lift larger towers. “
9Unicorns typically invest around $ 150,000 for 5-7% equity per idea startup. As of May 2021, he had syndicated more than 67 million rupees of investments with co-investors such as Sequoia Surge, Titan Capital, SOSV and Nexus Ventures, among others.
The syndication also includes some of the country’s main “super angels” namely Ritesh Agarwal (OYO), Pankaj Chaddah (Zomato), Anand Chadrashekharan (Facebook), Ramakant Sharma (LivSpace), Amrish Rau (Citrus Pay), Harsh Shah ( Fynd), Manindar Gulati (OYO) and Vikalp Sahni (Goibibo), among many others.