Unicorn India Ventures raises $12m

The India-headquartered firm has held a first close on its second venture capital vehicle.

  • Fund name: Unicorn India Ventures Fund II
  • Amount raised: 900 million rupees ($11.8 million; €10.9 million)
  • Target size: 4 billion rupees ($52.6 million; €48.6 million)
  • Stage of fundraising: First close
  • Predecessor fund: Unicorn India Ventures Fund I

Unicorn India Ventures has held a first close on Unicorn India Ventures Fund II on 900 million rupees ($11.8 million; €10.9 million). The vehicle targets seed and early stage investments in tech-focused companies across India.