Quarterly Updates from Unitus Ventures

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3 portfolio companies raised series A/B. 1 was acquired. 95% YoY impact growth for Unitus Ventures. 

More than half of Unitus Ventures’s portfolio companies have raised Series A and B in funding – Here’s how

The opportunity at the base of the pyramid (BoP) is all about small margins and high volumes. It’s a volume game and India lends itself to it beautifully,” says Srikrishna Ramamoorthy, Partner. Forbes India did an excellent job of capturing our investments to date, the significant role we play in helping shape India’s impact investment landscape, and our strong momentum moving into Fund II.

Unitus Ventures records 95% YoY impact growth

We are thrilled to share our annual impact report highlights. As of 31st December 2016, our –

  • Investments impacted 842,000+ BoP citizens and created 7,800 jobs across India
  • Portfolio companies displayed 123% year-on-year revenue growth
  • 10 portfolio companies raised Series A funding. 2 raised Series B

Read the complete report to know more on how we are continually supporting our portfolio companies as they achieve scale and raise follow on capital.

Capria Ventures selected for the ImpactAssets 50 2016, second year in a row

Capria Ventures has been selected for the ImpactAssets 50 2016 (IA 50), for the second year in a row. The IA 50, now in its sixth year, is the first and only publicly available database of outstanding global private debt and equity investment impact investing fund managers. Fund managers included in this year’s IA 50 manage a combined $10.6 billion in impact investing assets.



In the last quarter, three of our portfolio companies raised additional rounds of funding, and one company was acquired.

CuemathCuemath raises $15 million in Series B round from Alphabet

Education start-up Cuemath raised USD $15 million in Series B round led Alphabet Inc., CapitalG (formerly known as Google Capital). With 2,000 tutors educating more than 10,000 students across 6 Indian cities now, Cuemath will utilise the funding to ramp up its strength to 5,000 tutors and enrol 40,000 children by March 2018.

‘Local Logistics Startup’ Blowhorn Raises Series A Funding

Intra-city logistics startup Blowhorn has raised USD $3.65 mn (INR 25 crores) in series A funding from IDG Ventures India, together with the Michael & Susan Dell Foundation and existing investors, Draper Associates and Unitus Ventures. The company plans to utilize the investment to expand operations to 8 cities in the next 24 months, with over 25,000 daily active drivers.

Curiositi raises Series A, led by Menterra and existing investor Unitus Ventures

Education startup Curiositi Learning Solutions has raised Series A funding from Menterra Social Impact Fund and Unitus Ventures. With currently 20,000 paid subscribers benefiting from its science and mathematics programme, Curiositi plans to cater to 100,000 students in the next two years.

PickMyLaundry acquires OneClickWash in an all-cash deal

Bengaluru-based on-demand laundry service provider PickMyLaundry has acquired Gurgaon-based OneClickWash, a subscription-based laundry firm, in an all cash deal. Since founding, OneClickWash has processed over 80,000 kilos of laundry efficiently, recording a high monthly retention rate of 80 per cent after 1 month and 50 per cent after 3 months. Both the companies will continue to run as separate entities.




AI in Healthcare – The Indian Opportunity

AI/Cognitive Computing, we believe has significant potential to enable faster access and greater impact on the lower-end of India’s healthcare delivery. What are the four key attributes essential to succeed in this space?

Bridging India’s Financial Divide – How startups can leverage IndiaStack’s limitless possibilities

Described as “Technology for 1.2 billion Indians”, India Stack, the world’s largest identity database, offers Indian startups an opportunity to truly disrupt the way Indians pay, save, borrow, shop, work, communicate, store, trade…the possibilities are limitless. Here are two conceivable scenarios for our select investees, that will help understand the potential of India Stack.


Seed-funding enterprises is where our heart is
With a second fund of USD $50 million, we are planning to invest in 30 startups across healthcare, education and financial technology with an increased initial ticket size of ~USD $500,000 (INR 3.4 crore). Read to know more on our strategy and what kind of startups are we looking out for.

How GoCoop is building an online marketplace for a million weavers and artisans in India
GoCoop, an online social marketplace for India’s cooperatives and community-based enterprises is working with more than 70,000 producers across India.

 

20.7% of Bengaluru children overweight or obese, AddressHealth study
In a cross-sectional screening of nearly 100,000 children across Bengaluru, our investee AddressHealth has shown that 20.7% were either overweight or obese, and 13% at the risk of developing lifestyle diseases in adulthood. Read to know more on how AddressHealth’s comprehensive health program is benefitting children across the city.

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