Venture Catalysts launches Rs 300-cr fund for early stage startups

Started with a dedicated fund allocation of Rs 300 crore, the accelerator VC 9Unicorns Fund plans to invest in 100 start-ups in three years

Bengaluru-based start-up incubator Venture Catalysts on Thursday launched 9Unicorns Fund to invest in early stage start-ups.
The company said the fund is the first accelerator VC in India.

Started with a dedicated fund allocation of Rs 300 crore, the accelerator VC plans to invest in 100 start-ups in three years. The fund will offer a standard deal of Rs 60 lakh for five per cent equity. According to the company, the 9Unicorn Funds will identify high potential early stage business across sectors including electric vehicles, mobility, AR, VR, AI, ML, fintech, retail, and FMCG.

Apoorv Ranjan Sharma, co-founder and President