100Unicorns Fund II, a subsidiary of Venture Catalysts Group, launches a $200M accelerator fund to support Indian startups in emerging sectors.

100Unicorns, a subsidiary of Venture Catalysts Group, launched its second accelerator fund, 100Unicorns Fund II, with a target size of $200 million, including a green-shoe option of $100 million. The fund aims to support startups in emerging sectors such as space-tech, biotech, electric vehicles, and cleantech. The rebranded fund targets supporting around 200 Indian startups, with an average cheque size ranging from $300,000 to $1 million in the first round, and $500,000 to $2 million in subsequent rounds with co-investors.

May 14, 2024
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