Unicorn India Ventures has announced its maiden debt fund with a corpus of Rs.600 crore. It is headed by the former Sebi chief M Damodaran.
As per Unicorn India Ventures, Chairman, Damodaran, “The domestic startup ecosystem is maturing. While there has been a lot of venture equity activity over the past few years, startups are still starved of funds for growth.”
Further, the fund will be investing in about 10 ventures in a year, with an average of Rs.20 crore in each and it will retain the fund in the venture for approx eight years.