Unicorn India Ventures sells its stake in 6 startups to American fund
Unicorn India Ventures is selling its stake in six startups to a US-based fund. The companies include technology, and healthcare startups Unicorn India Ventures is selling its share in six firms to a US-based investor for Rs 50 crore. With this the early-stage investment has doubled returns for its limited partners (LPs). Robotics company Genrobotics, cybersecurity firm Sequretek, customer experience analytics startup Clootrack, digital business newspaper Inc42, digital media startup Inntot, and healthcare startup NeuroEquilibrium are among the six firms involved. These were investments from the firm's first tranche of cash, which was raised in 2016 and distributed to 17 early-stage firms. The lifespan of this fund will conclude early next year. In 2019, the business exited Boxx.ai, an ecommerce personalization startup, and Pharmarack, a pharmaceutical supply chain startup, in 2021. Majumdar stated that the VC company will remain involved in two of its mos...