Unicorn India Ventures

Stage focus

Seed

Primary sector

Fintech

City

Mumbai

HQ / office

HQ (Mumbai): 701, 7th Floor, B-Wing, Powai Plaza, Hiranandani Business Park, Powai, Mumbai - 400076, India. Other offices: London (20 Air St, 4th Floor, Soho, London, W1B 5AN, UK); Delaware/USA (251 Little Falls Drive, Country of New Castle, Wilmington, DE 19808); Mauritius (10th Floor, Standard Chartered Tower, 19 Cyber City, Ebene, Mauritius). All four addresses confirmed verbatim on official contact page.

Fund registered

2015

Investments on record

50

Corpus (as reported)

Fund I ~Rs 100 crore (2015); Fund II ~Rs 300 crore (2020); Fund III CLOSED 4 Feb 2026 at Rs 1,200 crore (surpassing Rs 1,000 crore target). Across all three funds: nearly 50 active portfolio companies with combined valuation ~USD 5 billion. Also anchoring the IITM Unicorn Frontier Fund I (Rs 600 crore corpus + Rs 400 crore greenshoe), co-managed with IIT Madras.

Website

unicornivc.com

LinkedIn

Profile ↗

Unicorn India Ventures is a Mumbai-based early-stage venture capital firm founded in 2015 by co-founders and managing partners Anil Joshi and Bhaskar Majumdar. It is a SEBI-registered Category II AIF making seed and early-stage investments in technology startups (fintech, deeptech, cybersecurity, robotics/AI, SaaS), with its most notable success being neobank Open, which became a unicorn in 2022. It has raised three funds — Fund III closed in February 2026 at Rs 1,200 crore (deeptech-focused: semiconductors, spacetech, AI infrastructure) — and co-manages the IITM Unicorn Frontier Fund with IIT Madras.

Stage: Seed / early-stage (SEBI-registered Category II AIF). Sector: early-stage technology — fintech, deeptech, SaaS/enterprise software, cybersecurity, robotics/AI, healthtech; Fund III is deeptech-focused (semiconductors, spacetech, AI infrastructure). Pan-India.

Early-to-early-growth cheques; Fund III INR 1,200 Cr corpus deployed across seed/early-stage tech (typical seed cheques ~INR 2-15 Cr)

As compiled from public sources — verify with the investor.

SEBI AIF Category I — Venture capital — reported as “Seed / early-stage VC / Cat I/Cat II/Cat III”

• IN/AIF1/15-16/0159
• IN/AIF1/15-16/159
• IN/AIF2/17-18/0506
• IN/AIF3/25-26/1858

On the SIDBI FFS list

Funds: Unicorn India Ventures Fund I; Unicorn India Ventures Fund III

Yes — on official SIDBI FFS supported-AIF list (Unicorn India Ventures Fund I; Unicorn India Ventures Fund III)

Open (neobanking unicorn); Sequretek (cybersecurity); Genrobotics (robotics/AI - Bandicoot); Pharmarack (pharma retail platform; exited); SmartCoin (fintech); Inntot (deeptech); Clootrack; NeuroEquilibrium; VLCC

Founding partners Bhaskar Majumdar and Anil Joshi (2 founding partners) plus investment team

Manager: Unicorn India Ventures Advisors LLP; SEBI-registered AIF manager running multiple early-stage tech funds (Fund I/II/III) plus IITM Unicorn Frontier Fund; HQ Mumbai (Powai), offices London/Mauritius/Delaware

What does Unicorn India Ventures invest in?

Stage: Seed / early-stage (SEBI-registered Category II AIF). Sector: early-stage technology — fintech, deeptech, SaaS/enterprise software, cybersecurity, robotics/AI, healthtech; Fund III is deeptech-focused (semiconductors, spacetech, AI infrastructure). Pan-India.

What cheque size does Unicorn India Ventures write?

As compiled from public sources: Early-to-early-growth cheques; Fund III INR 1,200 Cr corpus deployed across seed/early-stage tech (typical seed cheques ~INR 2-15 Cr)

How do I pitch Unicorn India Ventures through iHub India?

Create a free startup account, open a funding round, and send a structured pitch from this profile. If the investor accepts, contact details are shared and the conversation moves into a tracked deal room.

VC fund (Cat II)

021 Capital Trust

Seed · IT / SaaS / Enterprise Software · Bengaluru

USD ~1 Mn (below USD 1 Mn per cheque; up to USD 2 Mn reported for earlier fund); INR ~8-16 CrContact on file

VC fund (Cat II)

247VC Investment Trust

Seed · Deep Tech (AI/ML/Robotics) · Mumbai

INR 4-5 Cr at seed, with follow-on appetiteContact on file

VC fund (Cat I)

35North India Growth Fund Trust

Growth (Series C+) · Fintech · Mumbai

Approx USD 0.5-3M (INR ~3-20 Cr) per company; 8-10 companies targeted (per inc42 / fund reporting)Contact on file

VC fund (Cat I)

3ONE4CAPITAL TRUST

Seed · IT / SaaS / Enterprise Software · Bengaluru

Early-stage (seed to Series A); per-cheque range not disclosed on siteContact on file

VC fund (Cat I)

888vc Accelerator Fund

Seed · Deep Tech (AI/ML/Robotics) · Bengaluru

INR 2-4 Cr average; first cheques up to USD 500K (Seed to Pre-Series A)Contact on file

VC / investor (non-AIF or offshore)

8X Ventures

Seed · Deep Tech (AI/ML/Robotics) · Noida

Initial cheques INR 2-5 Cr each; up to ~INR 20 Cr total per startup including follow-ons (Fund II)Contact on file

All Seed investors →

• ⚑ none material — private VC firm; the official site publishes no email (contact form only), so email field is blank. Note: the IITM Unicorn Frontier Fund is a co-managed vehicle linked to IIT Madras (a public institution), but Unicorn India Ventures itself is a private VC, so no government/DFI linkage applies to the firm. Founding year cited as 2015 (firm's own materials) vs 2016 in some secondary sources — 2015 is correct.

Compiled from SEBI registrations and public sources as of 2026-07. iHub India lists investors neutrally and does not endorse, rank, or verify investment terms — confirm all details directly with the investor before transacting.

Sources: https://www.unicornivc.com/contact.php; https://inc42.com/buzz/unicorn-india-ventures-closes-third-fund-at-inr-1200-cr/