Unitus Seed Fund, a $13 million seed-stage investment fund based in Bangalore and Seattle is planning to invest in around 30 Gujarat based startups in various sectors such as - healthcare, education, clean energy and agriculture sectors.
Unitus will be investing anywhere around Rs.50 lakh to Rs.1.5 crore in each start-up working for the base of economic pyramid (BoP) in and around Ahmedabad, Gujarat.
In April this year Unitus already announced that Unitus Seed Fund is going on the road in India visiting 6 cities over the next 4 months (April-July) targeting to invest up to 7 crore in startups.
Unitus Seed Fund is investing up to 150 crore in early stage impact businesses - aka BoP Startups - in India over the next 3 years. Currently Unitus have 10 companies in their portfolio such as - Caravan Craft, Commerzpoint, Gocoop, Istar, Milaap, Smile Merchants and Welcare.
Unitus in on a visit to Ahmedabad since 5 May 2014 and organizing events and discussions in association with TiE Ahmedabad and Center for Innovation Incubation and Entrepreneurship (CIIE), IIM-Ahmedabad.
After Ahmedabad Unitus is going to visit Pune (May 26–30), Coimbatore (June 16–20), Mumbai (July 21-25) and
Delhi from July 28-August 1. Apart from Ahmedabad Unitus had already visited Kolkata in April.
For every entrepreneur building a business serving the base of the economic pyramid populations in India and operate from (or can get to) any of the cities mentioned above, they can sign-up for roadshow here to meet and probably get funded by Unitus.
Unitus will help startups "prepare for growth" via seed funding, strategic & operating support, providing critical connections, and securing growth capital.
In a past few months, Unitus Seed Fund have made seed investment in healthcare sector of India such as Welcare - affordable eye screening to prevent blindness, Medypal – online healthcare marketplace and Smile Merchants – affordable dental clinic chain outside big metros.
Advertisements