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Unicorn India Ventures introduces Rs.600 cr venture debt fund

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.

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