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India’s 9Unicorns set to invest $35,000,000 across 150 startups globally in 2022

While the fund also has a mission to create several billion-dollar startups over the next few years, the fund would invest $.5 million to $1million in idea-stage startups and $3 million in Series C stage startups

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9Unicorns
L-R: Apoorva Ranjan Sharma, Anil Jain and Anuj Golecha

Accelerator programme, 9Unicorns, is charting out new global benchmarks and setting new milestones through its new objective to invest $35,000,000 across 150 startups worldwide in 2022.

Having participated in 30 funding rounds which included global VCs, family offices, unicorn founders and top CXOs last year, the new investment by 9Unicorns targets idea-stage and Series C stage startups. 

While the fund also has a mission to create several billion-dollar startups over the next few years, the fund would invest $.5 million to $1million in idea-stage startups and $3 million in Series C stage startups.

9Unicorns invested 25 percent of its $100 million capital in high growth Series C and B startups last year and seeks to boost its effort this year, by grooming great idea-stage companies to become potential unicorns.  

9Unicorns is a sector and stage agnostic fund. While we are aiming to become the world’s largest accelerator fund with a razor-sharp focus on idea and seed-stage start-ups, we have also started looking at Series B & C keeping in mind the new exit opportunities for start-ups via IPOs that India has been witnessing lately for tech start-ups,” said Apoorva Ranjan Sharma, the co-founder of 9Unicorns.  

 “We are setting new benchmarks in the entire VC industry and no one has so far reached the numbers in up rounds that we have. Next year, we plan to be more aggressive and invest in a total of 150 start-ups globally with an approximate investment worth Rs 400 crore or more,” Sharma added.   

The Accelerator has also invested in 90-odd unique startups with a total round size of $465 million. On a standalone-basis, 9Unicorns invested a total amount of $32 million.     

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Launched by Apoorva Ranjan Sharma, Anil Jain, Anuj Golecha, and Gaurav Jain, co-founders of Venture Catalysts firms, Series C startups invested in by 9Unicorns include Vedantu, Melorra, ShipRocket, FlowBiz, Reshamandi, Biddano, BluSmart, Lido, IGP.com, Faarms, and GoQii.

 

​Joan Aimuengheuwa is a content writer who takes keen interest in the scopes of innovation among African startups. She thrives at meeting targets and expectations. Contact: [email protected]

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