Brands
Discover
Events
Newsletter
More

Follow Us

twitterfacebookinstagramyoutube
Youtstory

Brands

Resources

Stories

General

In-Depth

Announcement

Reports

News

Funding

Startup Sectors

Women in tech

Sportstech

Agritech

E-Commerce

Education

Lifestyle

Entertainment

Art & Culture

Travel & Leisure

Curtain Raiser

Wine and Food

YSTV

ADVERTISEMENT
Advertise with us

100Unicorns launches $200M Fund II to support 200 startups

The average cheque size of the accelerator fund will ranges from $300,000 to $1 million in the first round, followed by $500,000 to $2 million in subsequent rounds with co-investors.

100Unicorns launches $200M Fund II to support 200 startups

Tuesday May 14, 2024 , 2 min Read

9Unicorns, an early-stage accelerator fund, has launched its second fund, 100Unicorns Fund II, with a target size of $200 million and a $100 million green-shoe option.

The fund, which follows the rebranding of 9Unicorns as 100Unicorns, aims to support about 200 Indian startups.

The average cheque size of the accelerator fund will range from $300,000 to $1 million in the first round, followed by $500,000 to $2 million in subsequent rounds with co-investors.

“Rebranding to 100Unicorns is the next step in our evolution process. We have seen significant growth in the Indian startup ecosystem and massive funding inflow in the past couple of years," said Dr Apoorva Ranjan Sharma, Managing Director of Venture Catalysts Group and Co-founder of 100Unicorns.

"Today, Indians are targeting moonshot ideas in emerging sectors like spacetech, biotech, electric vehicles and cleantech. On the back of these developments, we are excited about this next step of launching a $200 fund that aligns us with the needs of the Indian startup ecosystem,” he added.

About 85% of Fund II will be deployed in India and the rest 15% will be disbursed across the US, the Middle East, Africa, and Asia.

Also Read
Celcius Logistics secures Rs 40 Cr in pre-Series B funding led by existing investor IvyCap

While the fund is sector agnostic, it will focus primarily on nine sectors such as SaaS, fintech, agritech, defence, travel and hospitality, D2C, EV, and energy.

100Unicorns has reviewed over 14,000 startups and invested in 140+ deals through its first fund including VideoVerse, TruNativ, Zypp, Renee Cosmetics, and IGP—all of which have become industry leaders.

Currently, in its portfolio, 12% of startups are deeptech, 22% of the companies are led by women, and 20% of the startups are established in smaller towns.


Edited by Affirunisa Kankudti