Deeptech-focused venture capital firm Unicorn India Ventures has closed its third fund at Rs 1,200 crore, surpassing its initial target of Rs 1,000 crore.
LPs in Fund III include HNIs, UHNIs, family offices and institutions. Backers include Sidbi, SBI, Nabard and the state governments of Kerala, Madhya Pradesh and Odisha.
According to Unicorn India Ventures, the fund focuses on investments in semiconductors, spacetech and AI infrastructure. The VC firm claims to have already seen strong early traction, with seven to eight portfolio companies witnessing…

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