Unicorn India Ventures (UIV) | Early-Stage Venture Capital | Top Category 2 AIF Fund in India


Unicorn India Ventures (UIV) | Early-Stage Venture Capital | Top Category 2 AIF Fund in India

KEY PORTFOLIO ATTRIBUTES #

Year of Inception
Number of Stocks
Alpha (1Y)
Beta (1Y)

About Unicorn India Ventures

Unicorn India Ventures (UIV) is a premier Alternative Investment Fund (AIF Category I) focused on early-stage venture capital investing in India. Founded in 2015 by Anil Joshi and Bhaskar Majumdar, UIV identifies high-potential startups across Tier-II and Tier-III cities and provides institutional capital at the product-market fit stage. With a mission to fuel India’s digital innovation and entrepreneurial growth, UIV has built a robust portfolio across SaaS, DeepTech, and EnterpriseTech sectors. Backed by both Indian and international LPs, UIV combines proprietary sourcing with a valuation-conscious strategy to create long-term alpha.

Portfolio Managers

Anil Joshi
Anil Joshi Founder
A seasoned investor with deep experience in India's VC ecosystem, Anil co-founded UIV in 2015, bringing strategic depth in early-stage tech investing.
Bhaskar Majumdar
Bhaskar Majumdar Founder
A growth-focused entrepreneur turned investor, Bhaskar brings a global perspective and operational insight to UIV’s investment approach.
Vinay Ambardekar
Vinay Ambardekar CFO
With 22+ years in the IT industry and 19+ years in venture capital finance, Vinay oversees UIV’s financial diligence, fund compliance, and risk governance.

Investment Objective

UIV aims to generate superior long-term capital appreciation by investing in early-stage, tech-enabled startups with strong scalability, high gross margins, and positive unit economics. The firm focuses on sectors with low CAC (customer acquisition cost) and sectoral tailwinds, supporting India’s digital and structural growth story.

Investment Strategy

UIV’s investment thesis is centered around:

  • Valuation-Conscious Deal Structuring: High ownership at early-stage valuations
  • Proprietary Sourcing: Access via founder networks, state incubators, and university ecosystems
  • Tier-II & Tier-III City Focus: 65%+ portfolio sourced outside metro VC hubs
  • Sector-Agnostic Innovation: Balanced exposure across SaaS, DeepTech, FinTech, and GovTech
  • Stage Strategy: Product-Market Fit (PMF) to Series A, ensuring optimal risk-reward
  • UIV Fund I delivered ~6.8x TVPI and ~2.8x DPI by year 8. Fund II is at ~1.9x TVPI in year 4, while Fund III is raising INR 1000 Cr with global participation (50% international LPs).

Investment Philosophy

At UIV, the investment philosophy is to:

  • Be the first institutional investor in high-potential companies
  • Drive value through early entry, founder support, and cost-effective scaling
  • Prioritize sectors with positive unit economics and government incentives
  • Create inclusive growth by investing in emerging India—beyond Mumbai, Delhi, and Bangalore

With a proven track record, sector-agnostic thesis, and valuation-driven approach, UIV is building tomorrow’s unicorns through responsible and scalable venture capital investing.

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