WINDO, founded in 2020, by second-time entrepreneurs Silus Reddy Chintapalli, Rakesh Vaddadi, is an Instagram commerce-focused tech startup
Start-ups, the note said, account for a reasonably high 6-7 per cent of new firms in India, and the ratio has risen over the past decade. India is a home to the third-largest set of unicorns globally.
Three unicorns have emerged in fintech space and one each in software, edtech and beauty space. A unicorn is a privately held startup that is valued at $1 billion or more
Venture capital fund Unicorn India Ventures, led by former SEBI chairman M Damodaran, launched their maiden venture debt fund today. This sector agnostic fund will be worth Rs 600 crore and is the second fund from Unicorn."The Indian startup ecosystem is maturing. The capital structure of funds is lopsided with hardly any debt. We believe, it is the right time to launch venture debt fund alongside traditional venture equity," said M Damodaran, Chairman, Unicorn India Ventures.Unicorn has previously invested in Boxx.ai, GrabonRent, Inc42, NeuroEquilibrium, Pharmarack, Sequretek, SmartCoin, VanityCube among others from the first fund.Anil Joshi and Bhaskar Majumdar are the founders and managing partners at the firm. "We are looking at an average ticket size of about Rs 20 crore as ticket sizes of debt funds are higher than equity ticket sizes. In three years time we will invest one round followed by a second round. We plan the Rs 600 crores to work twice in two rounds," said Sudip ...
The Sebi-registered fund will invest in about 10 venture in a year with an average ticket size of Rs 20 cr
Boxx.ai was launched in July 2016 by IIT alumni Ajay Kashyap, Prakhar Raj and Shitiz Bansal
Announcement is likely next month, after some paperwork for an investment from an institution