9Unicorns has announced the fourth close of its first accelerator fund at $50 million at a time when Indian start-up ecosystem is enjoying its golden period. The country witnessed birth of 15 Unicorns in the last six months as compared to 11 in the whole of last year. Riding high on this success, 9Unicorns is holding its first ever demo day – DDay – along-with it’s parent firm Venture Catalysts on August 11-12.
The DDay is the largest demo day of the country where 30 odd startups from the portfolio of 9Unicorns and Venture Catalysts. Of these 15 are idea-stage startups and 15 are pre-Series A.
Amidst this frenzy, 9Unicorns, the fastest and most aggressive player, has committed investments in 59 odd startups whose combined valuation is pegged at $420 million. Seven of the startups have already raised bigger rounds of investments within a range of 1.65X– 4X valuation. The Venture Catalysts (VCats)-backed sector-agnostic fund plans to invest in150 such startups over the next one year.
The fourth close witnessed participation from some leading global and Indian industrialists and businesses including snack maker Haldiram’s, Indian Bank, Ahmedabad-based Chona Family Office, Parakh Foods, Puzzolana Group and many other LPs from smaller Indian towns to global cities thus truly democratizing start-up investing.
With focus on DeepTech, B2B SaaS, Media,, FinTech, InsureTech, HealthTech, EduTech, logistics, its portfolio includes mediatech Toch.ai, revenue-based financing firm Klub, fertility care provider Janani, marketing automation firm ExtraaEdge, audio production automation firm Deepsync, D2C lifestyle footwear brand Monrow, and edutech Qin1.
Commenting on the fourth close, Dr. Apoorva Ranjan Sharma, Managing Director and Founder of 9Unicorns, said, “India has truly emerged as the land of the Unicorns, which puts us at the right place at the right time! We would add here that we are in the best possible spot to capitalize on the momentum. India is poised to cross hundred billion-dollar companies by 2023 and hence we feel this is the right time for us to conduct our first demo day to showcase some of our innovative startups to global VCs to raise bigger round.”
9Unicorns typically invests around USD 150K for 5%-7% equity per idea-stage startup.. As of May 2021, it has syndicated over Rs $67 million investments with co-investors such as Sequoia Surge, Titan Capital, SOSV, & Nexus Ventures amongst others.
The syndication also includes some of the country’s leading “super angels,” namely –Ritesh Agarwal (OYO), Pankaj Chaddah (Zomato), Anand Chadrashekharan (Facebook), Ramakant Sharma (LivSpace), Amrish Rau (Citrus Pay), Harsh Shah (Fynd), Manindar Gulati (OYO), Vikalp Sahni (Goibibo) amongst hundred others. Backed by global and domestic LPs, 9Unicorns’ USP lies in the fact that it allows the startups to tap into its vast Indian business communities in cities beyond the metros immediately enabling them to go pan-India. It directly allows getting early customers, distribution partnerships, cross-portfolio synergies for startups leveraging the pre-existing network of over 4000+ investors, founders, and executives in the VCats ecosystem.
|Investments committed/Sectors||60 startups in FinTech, HealthTech, Content, D2C, DeepTech, AI & Data Analytics, ConsumerTech, B2B, SaaS, MediaTech, EduTech etc|
|Key investments||Toch.ai, Klub, Deepsync, Qin1, mitron, Tagz Foods, Janani.ai, Gonuts, The Healthy Company, Instoried, GeoIQ, NeoDocs, ExtraaEdge, KikoTV, ZingBus, RasKik, Monrow, QSenze Labs, TruNativ,|
|Valuation (up rounds)||1.65X – 4X|
|Co Investors||SOSV, Surge, Titan Capital, FirstCheque, 3ONE4 Capital, AngelList, Nexus|
|Founders||Dr Apoorva Ranjan Sharma, Anil Jain, Anuj Golecha, Gaurav Jain|
|Partners||Abhijeet Pai, Gaurav Singhvi, Pravesh G Mehta|