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India: Venture Catalysts fund 9Unicorns increases corpus target to $68m
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Venture Catalyst s 9Unicorns raises Rs 100 crore from Haldiram s, others
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Last Updated: Feb 08, 2021, 04:23 PM IST
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9Unicorns, which has also exercised an option to increase its investment corpus to Rs 500 crore, is now looking to make early-stage investments in over 100 startups.
ETtech
Illustration: Rahul Awasthi
Mumbai:Venture Catalyst’s early stage startup fund 9Unicorns has raised Rs 100 crore from India’s leading snacks maker Haldiram’s and a few other unnamed investors.
Its investment corpus has now doubled to Rs 200 crore after it first raised Rs 100 crore in August last year. The startup accelerator has also exercised an option to increase its corpus to Rs 500 crore, it said in a statement. 9Unicorns is also in talks with corporations and investors to raise the next Rs 300 crore in the coming months, it added.