9Unicorns announces third close at $40M, commits investments in 40 startups

9Unicorns has announced the third close of its first accelerator fund at $40 million to fund idea-stage startups in India. The third close witnessed participation from global and Indian industrialists and businesses who are bullish on the high growth potential of early-stage Indian startups. Some of the key LPs include snack maker Haldiram’s, Indian Bank, Ahmedabad-based Chona Family Office, among other prominent ones. 

The Venture Catalysts (VCats)-backed accelerator’s total fund size is $70 million and plans to mark the final close this year. 9Unicorns plans to write the first external cheque to about 150 early-stage startups in Deeptech, B2B SaaS, Media, FMCG, Fintech, Insuretech, Healthtech, Edutech, Travel logistics, among other…

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