9Unicorns to create several billion-dollar startups in the next few years

9Unicorns to create several billion-dollar startups in the next few years
ET Bureau
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Synopsis

The $100 million-fund, which is backed by multiple billionaires and LPs, has witnessed over 30 up rounds in 2021.

The Mumbai-based fund is on track to create several billion dollar startups in the next few years.
9Unicorns has set some new benchmarks in the world of early stage investing in India.

The $100 million-fund, which is backed by multiple billionaires and LPs, has witnessed over 30 up rounds in 2021 and 10 times co-investing in its portfolio by multiple global VCs, family offices, unicorn founders and top CXOs.

The Mumbai-based fund is on track to create several billion dollar startups in the next few years.

It has charted a new and a very unique funding strategy, by investing in both idea-stage (around $0.5 mn to $1 mn) and Series C stage startups (upto $3 mn).

The firm plans its second demo day in February, where 60-odd startups are waiting to raise funds from marquee VCs.

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