100Unicorns: A Mumbai-Based Venture Capital Accelerator Firm
100Unicorns is a Mumbai-based accelerator venture capital firm founded in 2020 as 9Unicorns. It backs pre-seed and seed startups across deep tech, fintech, health tech, and clean tech, among other sectors. The firm's second fund targets $200 million. Its portfolio spans roughly 157 companies, including two unicorns. Apoorva Ranjan Sharma and Gaurav Jain co-founded the firm.
Overview
100Unicorns was founded in 2020 as 9Unicorns. The firm rebranded to its current name in May 2024. It runs as the flagship fund under the Venture Catalysts Group. Its office sits in Andheri East, Mumbai. The firm follows a stage and sector agnostic model.
Investment Focus and Stage
100Unicorns runs an accelerator format focused on pre-seed and seed rounds. It also backs later rounds through growth stage in some cases. Check sizes span roughly $250,000 to $2 million per deal. The firm invests across deep tech, artificial intelligence, and electric vehicles. It also backs fintech, health tech, edtech, space tech, biotech, and clean tech startups.
Fund Size and Portfolio
100Unicorns launched its second fund, Fund II, in 2024. The fund carries a target size of $200 million. That figure includes a green shoe option of $100 million. Its first fund backed more than 140 startups before the rebrand. The firm's combined portfolio now sits near 157 companies. Notable names include VideoVerse, Zypp Electric, Vedantu, Shiprocket, and Blu-Smart. Two portfolio companies have reached unicorn status. The firm has also seen 13 exits from its portfolio.
Leadership
Apoorva Ranjan Sharma co-founded the firm and serves as managing director. Gaurav Jain also co-founded 100Unicorns. Anil Jain and Anuj Golecha round out the founding team.