Anil Joshi
Founder & Managing Partner
Firm leadership and early-stage technology investing.
LinkedIn profile ↗India / Direct investor
Patient capital for Indian deep tech.
Semiconductors, space, robotics, quantum and scientific healthcare.
Connect NowTypical chequeINR 10-25 crore
Fund III closedINR 1,200 crore
StageSeed to Series A
Published universe57 identities
01 / The fund
Indian technology, global markets
Unicorn India Ventures is an early-stage Indian technology investor led by Bhaskar Majumdar and Anil Joshi. Its newer funds focus on intellectual-property-led companies in semiconductors, space, defence, robotics, AI infrastructure and healthcare. Current October 2026 reporting gives typical cheques of INR 10-25 crore; February Fund III reporting gives an average INR 10-15 crore. These are distinct typical and average figures, not a guaranteed offer.
Fund III reached a reported final close of INR 1,200 crore in February 2026. The separate IITM Unicorn Frontier Fund I reached a first close of INR 450 crore in September against a target of INR 1,000 crore, with four first investments. IIT Madras Research Park and company announcements supersede the manager fund page that still shows zero investments in this vehicle.
The portfolio headline says 54, but its full grid contains 51 rows. We retain all 51, add InfiNano from the manager marquee and announcement, Piscium from manager-linked financing coverage, and four Frontier investments from primary announcements: 57 source-linked identities in total. This is a public current-and-historical investment universe, not 57 current holdings or a complete private fund register. Manager fund investment totals are not unique-company totals.
Some manager fund labels conflict across pages. Full exits explicitly disclosed on the manager fund page remain visible. Windo is counted once under Beacon.li; Kluisz and CTM Labs are treated as Nava rather than extra investments. Fund I being exited does not imply its companies have closed.
Regulatory record: a May 2026 SEBI settlement concerns a temporary May 2023 investment in a non-liquid savings mutual fund and its omission from a compliance report. The order records reallocation to a liquid scheme and a paid INR 25.5 lakh settlement; it is not presented as an ongoing enforcement action. SEBI order ↗
Official funds & exits ↗ · Frontier first close ↗02 / Portfolio
Explore by sector
51 manager-grid identities plus six additions from public manager, company and financing evidence. Historical, acquired and exited records are retained and labelled, not represented as current independent holdings.
Space hardware is Space Tech; chips and receiver IP are Semiconductors; single-photon detectors are Quantum; robots, autonomous aircraft and connected sensing systems are Physical AI. Medical diagnostics, drug delivery and applied biotechnology are BioTech. Electricity infrastructure and batteries are Energy & Materials. Financial software, enterprise AI, media and service marketplaces remain Others.
Energy & Materials 4
Converts animal waste into organic fertilisers and bio-stimulants near farms. Manager describes this process; current linked domain is not serving a company page.
Linked domain does not verify the historical company’s current operation. Manager record used instead.
Holding source ↗
Battery swapping stations, controls and software for electric two- and three-wheelers.
Current ownsite read unavailable; classification follows manager product evidence. No shutdown inference.
Holding source ↗
Smart metering, grid communications and solar-monitoring hardware and software for electricity utilities.
Holding source ↗
High-discharge lithium-ion cells for drones and fast-charging electric mobility, with battery products for energy storage.
Additional public investment evidence beyond the 51-row manager grid.
Holding source ↗Physical AI 6
Underwater and surface robots for marine inspection, infrastructure monitoring and defence applications.
Holding source ↗
Heavy-lift unmanned aerial vehicles with autonomous navigation for logistics, defence and high-altitude missions.
Holding source ↗
Environmental sensing hardware and analytics for air quality, flooding, heat and weather risks.
Holding source ↗
Connected GPS locks and reusable cargo seals with tamper alerts and route monitoring. Formerly SectorQube.
Holding source ↗
Connected vending machines and automated retail systems for food and everyday products.
Holding source ↗
Robots for hazardous sanitation, rehabilitation and other industrial tasks, reducing the need for unsafe manual work.
Holding source ↗BioTech 9
Exosome-based drug-delivery research and lab services. Exosomes are tiny cell-derived carriers used to transport therapeutic materials.
Holding source ↗
CEREBO uses near-infrared light to help detect bleeding inside the skull without an invasive procedure.
Holding source ↗
Livestock genetics, reproductive biotechnology and farm data services for indigenous cattle breeds.
Holding source ↗
Computer-vision health monitoring and risk models, including vital-sign estimation from video.
Holding source ↗
Diagnostic equipment and software for vertigo and balance disorders, including eye-movement and vestibular testing.
Manager fund page identifies FutureCure / NeuroEquilibrium as exited Fund I; portfolio row labels Fund II. Conflict retained.
Holding source ↗
Optical devices for oral and cervical cancer screening. Multispectral imaging measures tissue response across different light wavelengths.
Holding source ↗
Nano-carrier technology for targeted delivery of therapeutic and cosmetic active ingredients. Treatment benefits remain company claims, not independently proven clinical results.
Additional public investment evidence beyond the 51-row manager grid.
Holding source ↗
Dental tools and materials, including nano-diamond coatings grown onto cutting burs for precision dentistry.
Reported Fund III investment beyond manager grid. Plain-text name shown because the official logo file could not be retrieved.
Holding source ↗
Microalgae-based carbon capture and air-purification systems. The biological process uses algae to absorb carbon dioxide and grow biomass.
Additional public investment evidence beyond the 51-row manager grid.
Holding source ↗Semiconductors 3
Analog and mixed-signal chip designs that convert real-world electrical signals into usable digital information.
Holding source ↗
Indian fabless edge-AI chip designer. Its processors run sensing and inference close to devices rather than sending every input to a cloud server.
Holding source ↗
Software-defined radio and broadcast-receiver intellectual property for automotive and consumer chip platforms.
Holding source ↗Quantum 1
Superconducting single-photon detectors, cryogenic systems and thin-film devices for quantum research. These sensors detect extremely weak individual light signals.
Additional public investment evidence beyond the 51-row manager grid.
Holding source ↗Space Tech 4
Docking and refuelling hardware designed to service satellites in orbit and extend their useful lives.
Holding source ↗
Orbital computing and satellite infrastructure, including systems that process data directly in space.
Holding source ↗
Thermal satellite imaging and analytics for climate, agriculture and defence. Thermal sensors measure heat rather than ordinary visible light.
Holding source ↗
Liquid rocket engines for launch vehicles and in-space mobility. Cryogenic engines use propellants stored at very low temperatures.
Additional public investment evidence beyond the 51-row manager grid.
Holding source ↗Others 30
Cybersecurity software for identity protection, authentication and fraud detection. AI is used in software, not autonomous physical systems.
Current ownsite read unavailable; classification follows manager product evidence. No shutdown inference.
Holding source ↗
Visa-processing software and services for travel businesses, including document checks and application workflows.
Holding source ↗
Healthcare claims and insurance workflow software, including AI-assisted document processing. Administrative software, not medical diagnostics.
Holding source ↗
Voice AI software for debt collection and business calls, not robotics.
Holding source ↗
Engineering and contract-manufacturing services for electrical, mechanical and electronic components. Manufacturing services alone do not establish a proprietary deep-tech product.
Holding source ↗
Healthcare payments and financing platform. Paying for care is distinct from developing medical technology.
Holding source ↗
Conversational payments and customer workflows inside WhatsApp, RCS and voice channels.
Holding source ↗
AI cloud infrastructure combining GPU computing, data-centre services and software for running AI workloads. Formerly Kluisz.
Holding source ↗
Assisted telemedicine, diagnostics and pharmacy access through local healthcare centres. Care delivery, not a verified proprietary diagnostics platform.
Holding source ↗
Study-abroad software and services for education consultants and applicants.
Holding source ↗
AI analysis of customer feedback and business data to guide product and customer decisions.
Holding source ↗
Historical consumer neobank acquired by Open in 2021. Retained as a distinct disclosed investment, not a standalone current operator.
Historical record; manager provides no current standalone website.
Holding source ↗
Historical regional-food and cloud-kitchen business described by the manager. The linked domain now describes beauty and personal-care brand development; continuity was not verified.
Linked domain does not verify the historical company’s current operation. Manager record used instead.
Holding source ↗
Software digitising chit-fund payments, auctions and compliance, including blockchain records.
Holding source ↗
Product photography, 3D capture and ecommerce catalog-production services. Not a verified proprietary deep-tech platform.
Holding source ↗
Enterprise software for governing and executing AI-driven workflows across planning and operations.
Holding source ↗
Cross-border payments and remittances for exporters, businesses and education-related users.
Holding source ↗
Esports tournament and competitive mobile-gaming platform.
Holding source ↗
Enterprise AI software for implementing and supporting business applications. Formerly Windo; counted once.
Holding source ↗
Call-management and sales CRM software, including AI-assisted call analysis.
Holding source ↗
Insurance-premium financing platform that spreads payments across instalments.
Holding source ↗
AI recruitment software for matching candidates, screening and interview workflows.
Holding source ↗
Historical furniture and appliance rental marketplace. Manager provides no current company website.
Historical record; manager provides no current standalone website.
Holding source ↗
Historical at-home salon services business acquired by VLCC. Manager destination links the acquirer, not a verified standalone VanityCube service.
Link is the acquirer VLCC; no claim of current standalone service.
Holding source ↗
AI-assisted cybersecurity software for threat detection and enterprise defence.
Holding source ↗
Pharmaceutical ordering and distribution software connecting retailers and suppliers.
Holding source ↗
Ecommerce recommendation and personalisation software. Ownsite identifies acquisition by Netcore.
Holding source ↗
Indian startup news, research and data publisher. Media is not itself deep tech.
Holding source ↗
Business banking, payments, accounting and financial operations software.
Holding source ↗
Digital consumer-credit platform using data-led underwriting. Formerly SmartCoin.
Holding source ↗03 / Team & connect
Investment team
Bhaskar Majumdar
Founder & Managing Partner
Firm leadership and early-stage technology investing.
LinkedIn profile ↗
Kishore Kanakamedala
Venture Partner
India-US investment and company-building initiatives. Official manager portrait; personal profile has no visible photo.
LinkedIn profile ↗
Pulkit Mehrotra
Vice President of Investments
Deep-tech investment sourcing, analysis and portfolio work.
LinkedIn profile ↗
Naveen Gurrapu
Investment Associate
Deep-tech investment sourcing, analysis and portfolio work.
LinkedIn profile ↗
Shreya Ganesh
Senior Investment Analyst
Deep-tech investment sourcing, analysis and portfolio work.
LinkedIn profile ↗
Dhruv Nilesh Shah
Investment Analyst
Deep-tech investment sourcing, analysis and portfolio work.
LinkedIn profile ↗
Chirag Jakhar
Investment Associate
Deep-tech investment sourcing, analysis and portfolio work.
LinkedIn profile ↗
Shainal Jain
Investment Analyst
Deep-tech investment sourcing, analysis and portfolio work.
LinkedIn profile ↗Nine current investment contacts, each checked against personal current experience. Rishabh Raj remains on the manager grid but his personal profile identifies an MBA sabbatical since April 2026, so he is not shown as an active contact. Finance, operations, fundraising, legal, marketing and senior advisors are excluded. Portraits match personal profiles where visible; Kishore has no personal profile photo and uses his official manager portrait.
Official pitch route ↗04 / Fund network
Limited partners and named backers
Six named institutional and state backers, separate from investment contacts and portfolio companies. SIDBI has primary commitment evidence; other names come from dated Fund III close reporting, with amounts undisclosed. This is not a full LP register.
SIDBI Fund of Funds ↗
Official vehicle- and scheme-specific sanctions
The official table lists INR 4 crore for Fund I under FFS, INR 100 crore for Fund III under FFS and INR 25 crore for Fund III under OSGF. The schemes list different target corpuses. These are separate sanctions, not proof of disbursement or additional fund AUM.
Commitment source ↗State Bank of India ↗
Reported Fund III limited partner
Named as a Fund III backer in February 2026 close reporting by ET and Entrepreneur India. Individual commitment amount and investing vehicle were not disclosed in the sources checked.
Commitment source ↗NABARD ↗
Reported Fund III limited partner
Named as a Fund III backer in February 2026 close reporting by ET and Entrepreneur India. Individual commitment amount and investing vehicle were not disclosed in the sources checked.
Commitment source ↗Government of Kerala ↗
Reported Fund III limited partner
Named as a Fund III backer in February 2026 close reporting by ET and Entrepreneur India. Individual commitment amount and investing vehicle were not disclosed in the sources checked.
Commitment source ↗Government of Madhya Pradesh ↗
Reported Fund III limited partner
Named as a Fund III backer in February 2026 close reporting by ET and Entrepreneur India. Individual commitment amount and investing vehicle were not disclosed in the sources checked.
Commitment source ↗Government of Odisha ↗
Reported Fund III limited partner
Named as a Fund III backer in February 2026 close reporting by ET and Entrepreneur India. Individual commitment amount and investing vehicle were not disclosed in the sources checked.
Commitment source ↗Unnamed family offices, US investors, IIT Madras alumni and other private backers are not expanded into guessed names. IIT Madras and its Research Park are strategic partners; that alone is not proof that either committed LP capital. Sanctioned commitments do not establish that cash was disbursed. Research checked 2 November 2026.