Indian startup builder 9Unicorns raises $100 million

Oluwajuwonlo Afolabi -

9Unicorns, an accelerator company based in India has raised $100 million in its fifth funding round and targets to increase it to $120 million.

  • 9Unicorns is an arm of Venture Catalyst that provides funding for startups from $300,000 to $1 million for startups in the first round and $500,000 to $2 million for other rounds.
  • The accelerator plans to use the raised funds to invest in new technologies and innovations in web3, fintech, deeptech, media tech, healthtech and insuretech having closed 101 funding deals in 2021.
  • Launched in 2020, the venture fund company has invested in Vedantu, Shiprocket, Biddano, BluSmart, IGP.com, Faarms, Instoried and GoQii among other startups.