100Unicorns: Rebranded from 9Unicorns May 2024. Part of Venture Catalysts Group. Mumbai-based, founded 2020. Presence 6 countries. Team 37 people, 16 partners. Portfolio: 175 startups, 2 unicorns (Shiprocket, Niyo), 13 exits. Notable: BluSmart, Videoverse, Trunativ, Zypp Electric, Renee Cosmetics, IGP. Fund I: 140+ startups. Fund II: $200M target ($100M greenshoe), 200 startups over 5.5 years. 14,000 startups reviewed. Latest investment: Ukhi $1.16M Feb 12, 2026. 2025: 9 investments. Seed average $1.46M, Series A $9.45M. First round: $300K-$1M. Follow-on: $500K-$2M. 85% India, 15% US/Middle East/Africa/Asia. Sectors: SaaS, D2C, FinTech, EV, Energy, Defense, Healthcare. Portfolio: 12% deeptech, 22% women-led, 20% from smaller towns. DDay/ProStar: 80 startups, $400M raised. 27 global roadshows. Here’s what founders should know about India’s Y Combinator model accelerator.
What 100Unicorns Is
100Unicorns is startup accelerator and investment ecosystem supporting early-stage founders building scalable companies. Part of Venture Catalysts Group, India’s largest multistage investing firm.
Founded 2020 as 9Unicorns. Rebranded to 100Unicorns May 14, 2024 with launch of Fund II.
Based Mumbai, India. Presence in 6 countries. Team of 37 people including 16 partners, 2 venture partners, 2 principals.
The Rebrand: From 9 to 100
“Rebranding to 100Unicorns is next step in our evolution process,” explained Dr. Apoorva Ranjan Sharma, Managing Director Venture Catalysts Group and Co-founder 100Unicorns. “We’ve seen significant growth in Indian startup ecosystem and massive funding inflow past couple years.”
Vision: Emulate Y Combinator success in India. Y Combinator recently facilitated emergence of over 200 unicorns in US market. 100Unicorns aims to cultivate next generation unicorns in India.
The Numbers That Matter
175 startups in portfolio as of Feb 2026
2 unicorns: Shiprocket (logistics), Niyo (fintech)
13 portfolio exits (most recent: Fitterfly acquired by PB Healthcare Nov 2025)
14,000+ startups reviewed
24 investments yearly average last 5 years
9 investments in 2025, 2 in 2026 (latest: Ukhi $1.16M Feb 12)
Fund II: $200 Million for 200 Startups
Launched May 2024 with bold ambition: support 200 challenger startups over 5.5 years.
Target size: $200 million plus $100 million greenshoe option (total potential $300M)
First close target: $100 million by November 2024
Investment thesis: 60% capital allocated to initial investments $250K-$300K. Remaining 40% for follow-on investments up to $3M as portfolio companies progress through funding rounds.
Geography: 85% deployed in India. 15% across US, Middle East, Africa, Asia. Global outlook supporting innovative ventures worldwide.
Investment Structure
First round: $300,000 to $1 million per startup. Extensive product, business, fundraising support included.
Subsequent rounds: $500,000 to $2 million with co-investors. Continue supporting through multiple funding rounds.
Stage breakdown: 112 Seed investments ($1.46M average), 30 Series A ($9.45M average), 4 Series B ($22.8M average).
What Makes Portfolio Different
12% deeptech startups: Focus on science and engineering driven innovation beyond apps.
22% women-led companies: Actively supporting female entrepreneurship in ecosystem.
20% from smaller towns: Backing founders solving local problems with global vision. Supporting Tier II/III cities.
Ankit Jain, Partner 100Unicorns: “100Unicorns’ early vision of supporting startups from Tier-II/III cities, backing founders solving local problems with global vision, focus on climate-tech/sustainability has proven right over past four years.”
The Bottom Line
100Unicorns: Early-stage accelerator rebranded May 2024. Part of Venture Catalysts Group. Mumbai-based, 6 countries.
Portfolio: 175 startups, 2 unicorns (Shiprocket, Niyo), 13 exits. Notable: BluSmart, Videoverse, Zypp, Renee, IGP.
Fund II: $200M ($100M greenshoe), 200 startups, 5.5 years.
Investment: $300K-$1M first round, $500K-$2M follow-on.
Focus: SaaS, D2C, FinTech, EV, Energy, Defense, Healthcare.
Differentiation: 12% deeptech, 22% women-led, 20% Tier II/III.
Vision: Y Combinator model for India. Next generation unicorns.
Visit: 100unicorns.in
If building early-stage startup, worth exploring 100Unicorns for comprehensive ecosystem support.
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