White Unicorn Ventures is planning to raise a $20-million fund to invest in early-stage companies. The firm is in talks with investors in Germany and Silicon Valley for the purpose and aims to spend up to $5 million by the end of 2016, five times as much as it did last year.
50% of the fund allocation will focus on cross-border deals while the remaining amount will largely focus on real-estate tech startups in India. The firm plans to spend $5 million this year across sectors, involving “anything from transportation and travel to B2B marketplaces,”
Most VC firm are interested in health and education technology startups, while White Unicorn Ventures is scouting for early-stage businesses in real estate technology that don’t simply serve as a listing portal but provide an end-to-end service experience. “The real estate tech sector could grow to be a regulated industry… better data transfer, stronger provision of mass housing, inclusive of comparatively newer models like peer to peer networks for brokers…listing alone cannot be monetised,” said Rohit Chokhani, principal founder of White Unicorn Ventures.
White Unicorn Ventures is an investment firm that specializes in seed funding and early-stage support for Startups. Its vision is to play a critical role in building and nurturing the startup ecosystem by helping young entrepreneurs in their early steps, expansion, bridge funding, as well as providing incubation co-sharing start up real estate space.
A few days back, the consumer-focused investment firm DSG Consumer Partners (DSGCP) has made the first close of its second fund at $35 million from Verlinvest, the Belgium-based investment holding company. The VC firm will invest in about 20 early-stage ventures across the broader consumer space, while looking to identify opportunities in health, fitness, nutrition, FMCG, financial services, fin-tech, food processing, dairy and alco-bev. And IvyCap Ventures which is known for investing in early and growth stage companies, has also raised around $45 million for the first close of its second fund of $90 million.
Also, earlier this month, Dutch consumer electronics and healthcare firm Philips announced its plans to set up an India-focused venture fund to make investment in Indian healthcare technology startups.