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
