About Company
Unicorn India Ventures
Unicorn India Ventures was founded in 2016 when our partners, Anil Joshi and Bhaskar Majumdar, brought their complementary skill sets together to pursue a common goal of assisting determined and visionary startup founders in scaling their businesses to new heights and developing the investor ecosystem in India. The investment thesis for this Fund revolved around the countrywide digitization wave as a result of higher internet penetration, increase in smartphone users, ease of doing business and the overall prosperity of the country.
Unicorn India Ventures Fund III
Fund Snapshot
| Fund Size | INR 1000Cr |
| Fund Tenure | 7 Years (with an option of 1+1 extension) |
| Investment Period | 2 Years post final close |
| Structure | SEBI registered Type II – AIF Delaware Feeder Fund for international LPs |
| LP Drawdown | In 4 equal tranches |
| Minimum Contribution | INR 1Cr. to individuals & 5Cr. for Institutions |
| First close | August’23, securing an initial sum of ~IN 225Cr. |
| Indicative IRR | INR – 40%; USD – 36% (gross) |
| Management Fee | 2% (1% in extension period) |
| Carried Interest | 20% |
| Hurdle Rate | 10% |
| Target final portfolio size | 20 |
| One time fees | Actual Expense, Maximum Upto 2% |
| Trustee | Vistra ITCL (India) Limited |
| Tax Advisor | B. D. Jokhakar & Co |
| Legal | Pier Counsel |
| Custodian | ICICI Bank limited/td> |
| Auditors | BDO (M S K A & Associates)/td> |
Investment Thesis
Investment will be based on 3 pillars for obtaining unparalleled returns from India’s growth
India For India
- Indian companies addressing the unique & unmet needs of the Indian market through tailored solutions.
- Homegrown solutions that improve the quality of life, drive economic development, & create sustainable value within the country
India For The World
- Indian companies creating globally relevant products and services.
- Growth strategy – global sales& partnerships
Make In India
- Indian companies focused on innovation in domestic manufacturing.
- Leveraging advanced technologies to produce highquality goods efficiently & sustainably
Investment Approach
Early access to promising companies across India to ensure a valuation conscious deal structuring
They investat Early signs of Product Market Fit (PMF)
They are First institutional investors
They focus on Tier II & III cities Underexposed markets
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Learn about the experienced fund managers responsible for investment decisions, portfolio strategy, and long-term fund performance.
Anil Joshi
Anil is Founder and Managing Partner at Unicorn India Ventures. He has been one of the pioneers of angel investments in India as head of operations and President at Mumbai Angels and Bangalore Angels, leading Angel Investment forums in India. Anil has vast experience in business development, corporate management, project management in all the stratas of organizations – small, medium and large. Anil has helped close approximately 100+ venture-financing deals and was directly involved in closure of over 50+ deals. Anil has served on the Board of 6 companies and is involved with various incubation centers as mentor in India as well as internationally. He is very well respected and valued in the start-up fraternity and is drawn upon by entrepreneurs for advice and strategic direction. Mentoring startups is his passion and he advises Governmental and industrial bodies on the same.
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