Unicorn India Ventures eyes a new chapter, aims to be a cross-border fund

Venture capital firm Unicorn India Ventures (UIV) is working towards becoming a cross-border venture firm, Founder and Managing Partner Bhaskar Majumdar said.

 

Cross-border funds have their unique advantages: they allow funds to build strong connections in two countries and create a network that encompasses both regions.

 

In India, Nexus Venture Partners is the only venture capital (VC) that has this structure.

 

“Once we close the third fund, we will focus on setting up our operation in the US,” Majumdar said.

 

For Majumdar, this is part of the strategy of reinventing UIV.

 

“I can carry on doing the