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9Unicorns makes first close of Rs 100 cr for its new fund for start-ups

The fund intends to offer $100,000 for 5-7% equity per start-up

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9Unicorns is founded by the Venture Catalysts (VCats) founding team including Apoorva Ranjan Sharma, Anuj Golecha, Anil Jain and Gaurav Jain.

T E Narasimhan Chennai

2 min read Last Updated : Sep 01 2020 | 10:17 AM IST

India’s 9Unicorns Accelerator Fund (9Unicorns) announced its first close of Rs 100 crore ($14 million). The fund will invest in over 100 early stage start-ups, with the goal of writing the first external cheque.

9Unicorns is targeting a total corpus of Rs 300 crore ($42 million), with the rest of corpus to be targeted from multiple sources including corporations, family offices and institutions from across the ten countries and beyond that have already participated in the first close.

The fund intends to offer US$100,000 for 5-7% equity per start-up. They would go through 3 months of its acceleration programme while

Topics : Startup funding SoftBank Oyo venture capital

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