9Unicorns, an India-based incubator and startup fund set up by Venture Catalysts, has raised INR1bn ($14m) from local food provider Haldiram’s and other investors.
Haldiram’s had announced a partnership with Venture Catalysts in April 2019.
9Unicorns is also backed by OPG Group, MBG Group, Parakh Foods, Qualcon International, UB Cotton and corporate executives as angel investors. It is targeting a further INR3bn.
The fund has already invested in early-stage startups such as NCome and Raskik and has reportedly said it would invest in more than 100 early-stage startups, according to news provider INC 42.
