Unicorn India Ventures is a venture capital firm founded by Anil Joshi and Bhaskar Majumdar. It has recently got a commitment from the India Aspiration Fund, a Rs 2,000-crore fund of funds, managed by the Small Industries Development Bank of India (SIDBI). Unicorn plans to invest in the early stage in 30 companies over the next seven years and will also participate in Series-A rounds.
Unicorn India Ventures has recently partnered with JRL Financial Services to bring on board high net worth individuals (HNIs) and family businesses looking to participate in India’s startup story. As a part of its arrangement with JRL, the Mumbai based company’s managing director Manoj Laddha will join Unicorn as partner. Close to 70% of the funds will come from Indian investors.