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Unicorn India Ventures closes Fund III at Rs 1,200 Cr

EntrackrEntrackr · 23d ago
Unicorn India Ventures closes Fund III at Rs 1,200 Cr
Medial

Unicorn India Ventures closes Fund III at Rs 1,200 Cr Deeptech-focused venture capital firm Unicorn India Ventures has closed its third fund at Rs 1,200 crore, surpassing its initial target of Rs 1,000 crore. LPs in Fund III include HNIs, UHNIs, family offices, and institutions. Backers include Sidbi, SBI, Nabard, and the state governments of Kerala, Madhya Pradesh, and Odisha. According to Unicorn India Ventures, the fund focuses on investments in semiconductors, spacetech, and AI infrastructure. The VC firm claims to have already seen strong early traction, with seven to eight portfolio companies witnessing substantial follow-on rounds. The fund will make 20 investments with an average ticket size of 10-15 crore. It plans to announce four investments in the coming months across quantum sensing, agritech, and spacetech. Across its three funds, the VC firm has built a portfolio of nearly 50 companies, with a total portfolio valuation of about $5 billion. The firm says that it is largely staying away from AI applications (SaaS) and focusing on AI infrastructure such as semiconductors, data centres, power, and enabling technologies. It is also actively exploring nuclear micro power generation as an enabler for AI. Another major trend playing out in the fund is the growing presence of academicians as startup founders. Four to five companies in Fund III are led by academicians, with one of them being a teaching academic. Unicorn India Ventures (UIV) is a Mumbai-based, SEBI-registered Alternative Investment Fund (AIF) launched in 2015 by Bhaskar Majumdar and Anil Joshi. It acts as an early-stage venture capital firm investing in technology-led startups, focusing on seed to pre-Series A rounds with investments ranging from Rs 1 to 10 crore. The firm supports B2B, SaaS, and DeepTech sectors, aiming to build, support, and scale companies, with over 60 investments to its credit.

JM Financial Asset Management launches maiden Rs 1,500 Cr pre-IPO AIF

EntrackrEntrackr · 8d ago
JM Financial Asset Management launches maiden Rs 1,500 Cr pre-IPO AIF
Medial

JM Financial Asset Management has announced the launch of its first pre-IPO Alternative Investment Fund (AIF), “The Pre-IPO Fund,” under Category II. Approval for the fund was recently granted by the Securities and Exchange Board of India (SEBI), marking a strategic expansion of the firm’s AIF division into the fast-growing pre-IPO investment space. The launch of the Pre-IPO Fund aims to build a comprehensive AIF ecosystem to support India’s next wave of enterprise growth. The platform is structured to provide specialised capital solutions across credit, real estate, and pre-IPO opportunities. The Pre-IPO Fund will focus on investing in companies expected to list within 18 months. Pre-IPO investments have emerged as an important avenue for generating superior risk-adjusted returns, particularly as India’s startup and private markets continue to mature. The fund will be managed by Jaisinh Suchak, Managing Director – Alternative Investment Funds at JM Financial Asset Management, who brings over 23 years of experience in financial services and more than a decade of buy-side expertise. With the introduction of its first Pre-IPO AIF, JM Financial Group continues to diversify its private equity offerings and strengthen its position as a trusted investment partner. The firm aims to leverage its deep market insights, strong governance practices, and proven fund management capabilities to unlock differentiated opportunities for investors in India’s evolving private markets landscape.

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