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Venture Capital
FINANCIAL
unitus.vc

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Investments

79

Portfolio Exits

4

Funds

4

Partners & Customers

1

About Unitus Ventures

Unitus Ventures is a venture fund investing in startups innovating for the masses in India. The firm helps startups "prepare for growth" via seed funding, strategic and operating support, providing critical connections, and securing growth capital.

Unitus Ventures Headquarter Location

Axilor Transit, 3rd Floor, Sobha Pearl Commissariart Road, Sivanchetti Gardens

Bengaluru, 560025,

India

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Unitus Ventures Web Traffic

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Page Views per Million (PVPM)
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Unitus Ventures Rank

Latest Unitus Ventures News

Blockchain-Based Startup New Street Technologies Raises $4 Mn In Fresh Round

Sep 22, 2021

The investment round was led by Vittal Kadapakkam, Indian bankers, and existing investors including Unitus Ventures and Mohit Davar of Money Transfer Network The startup said it will utilise the fresh round of funding to expand its business operations in the US, Europe, and Africa. The startup claims its blockchain based middleware MiFiX in microfinance processing has improved operating efficiency by over 500% Bengaluru-based blockchain technology startup New Street Technologies has raised $4 Mn in a fresh round of funding. The investment round saw participation from a group of private investors and was led by Vittal Kadapakkam in the US, Indian bankers, and existing investors including Unitus Ventures and Mohit Davar of Money Transfer Network. The startup said it will utilise the fresh round of funding to expand its business operations in the US, Europe and Africa. Founded in 2017 by Sanjeev Viswanathan, New Street Technologies enables businesses to transform their infrastructure by leveraging blockchain and other technologies including artificial intelligence (AI), machine learning (ML) and  Internet of Things. The startup claims to democratie transactional processing in the BFSI sector. The startup claims its blockchain based middleware MiFiX in microfinance processing has improved operating efficiency by over 500%, across the value chain – from bank to business correspondent to end borrower, without any significant capital expenditure to our clients. In 2019, the startup raised $2 Mn in Series A funding led by Unitus Ventures. Srikrishna Ramamoorthy, partner at Unitus Ventures said that blockchain technology will transform the functioning of banks, especially with initiatives undertaken by the RBI, now several private and public banks are adopting the benefits of blockchain technology. While the government is yet to provide its stance on the booming cryptocurrency, it has been utilising the underneath technology of cryptocurrency that is blockchain in various projects. Earlier in August, the government utilised blockchain technology to digitally certify startups and help them receive a range of incentives, such as financing assistance, tax exemptions and relaxations in public procurement norms without much hassle. The blockchain-enabled certificate verification platform was developed by the department for promotion of industry and internal trade (DPIIT). Earlier last month, Indian market regulator SEBI had asked its depositories to use distributed ledger technology, popularly known as blockchain technology to record and monitor the security created as well as monitor covenants of non-convertible securities. In June this year, it was reported that leading Indian banks SBI, HDFC Bank, ICICI Bank and 12 others have come together to further widen the blockchain application to the processing of Letters of Credit (LCs/LoCs), GST invoices and e-way bills. More recently, Shriram Transport Finance Company Limited (STFC) , a vehicle asset financing arm of Shriram Group, has launched blockchain-assured Digital Fixed Deposit (FD) Certificates to provide cryptographic security and authenticity on its private blockchain with seamless customer service. Subhash Chandra Garg, former finance secretary of government of India while speaking at Inc42 Plus’ The Crypto Summit talking about government’s possible regulation on cryptocurrency, said the government first needs to deal with blockchain-based technology as ideally government avoid regulating technology, but blockchain produces real economy products which are heavily regulated and hence, the same regulatory mechanism needs to be created for crypto. According to a market research firm Reports and Data , the global blockchain technology market is growing at a CAGR of 66%. It is estimated to reach $172.9 Bn by 2028 from a meagre $3 Bn in 2020, primarily because a trigger has arrived.

Unitus Ventures Investments

79 Investments

Unitus Ventures has made 79 investments. Their latest investment was in New Street Technologies as part of their Series B on September 9, 2021.

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Unitus Ventures Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

9/22/2021

Series B

New Street Technologies

$4M

No

Mohit Davar, and Vittal Kadapakkam

2

9/13/2021

Series C

BetterPlace Safety Solutions

$24M

No

3one4 Capital Partners, Capria, CDC Group, CX Partners, and Jungle Ventures

3

9/7/2021

Seed VC

Gigforce

$3M

No

Endiya Partners, and Undisclosed Angel Investors

8

7/27/2021

Seed VC

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$99M

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10

7/21/2021

Seed VC

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$99M

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10

Date

9/22/2021

9/13/2021

9/7/2021

7/27/2021

7/21/2021

Round

Series B

Series C

Seed VC

Seed VC

Seed VC

Company

New Street Technologies

BetterPlace Safety Solutions

Gigforce

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Amount

$4M

$24M

$3M

$99M

$99M

New?

No

No

No

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Co-Investors

Mohit Davar, and Vittal Kadapakkam

3one4 Capital Partners, Capria, CDC Group, CX Partners, and Jungle Ventures

Endiya Partners, and Undisclosed Angel Investors

Sources

2

3

8

10

10

Unitus Ventures Portfolio Exits

4 Portfolio Exits

Unitus Ventures has 4 portfolio exits. Their latest portfolio exit was LabInApp on September 17, 2020.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

9/17/2020

Acquired

6

00/00/0000

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10

00/00/0000

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10

00/00/0000

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10

Date

9/17/2020

00/00/0000

00/00/0000

00/00/0000

Exit

Acquired

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Companies

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Valuation

Acquirer

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Sources

6

10

10

10

Unitus Ventures Fund History

4 Fund Histories

Unitus Ventures has 4 funds, including Unitus Seed Fund II.

Closing Date

Fund

Fund Type

Status

Amount

Sources

4/30/2018

Unitus Seed Fund II

$15M

6

3/29/2018

Unitus Seed Fund India II

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$99M

10

11/17/2014

Unitus Seed Fund India

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$99M

10

Unitus Seed Fund

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$99M

10

Closing Date

4/30/2018

3/29/2018

11/17/2014

Fund

Unitus Seed Fund II

Unitus Seed Fund India II

Unitus Seed Fund India

Unitus Seed Fund

Fund Type

Subscribe to see more

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Status

Amount

$15M

$99M

$99M

$99M

Sources

6

10

10

10

Unitus Ventures Partners & Customers

1 Partners and customers

Unitus Ventures has 1 strategic partners and customers. Unitus Ventures recently partnered with Pfizer, Manipal Hospitals, and Narayana Health on February 2, 2015.

Date

Type

Business Partner

Country

News Snippet

Sources

2/2/2015

Partner

Pfizer, Manipal Hospitals, and Narayana Health

United States, and India

Unitus partners Pfizer, Manipal Hospitals, Narayana Health, & others to back health-tech startups

`` Over the past two years , we have met more than 150 healthcare entrepreneurs in India who had interesting innovations but who were not yet ready for seed venture capital , '' said Dave Richards , managing partner , Unitus .

1

Date

2/2/2015

Type

Partner

Business Partner

Pfizer, Manipal Hospitals, and Narayana Health

Country

United States, and India

News Snippet

Unitus partners Pfizer, Manipal Hospitals, Narayana Health, & others to back health-tech startups

`` Over the past two years , we have met more than 150 healthcare entrepreneurs in India who had interesting innovations but who were not yet ready for seed venture capital , '' said Dave Richards , managing partner , Unitus .

Sources

1

Unitus Ventures Team

4 Team Members

Unitus Ventures has 4 team members, including current Founder, Managing Partner, William Poole.

Name

Work History

Title

Status

William Poole

Founder, Managing Partner

Current

Dave Richards

Founder, Managing Partner

Current

Pramod Saxena

Founder

Current

Vikas Sarda

Chief Financial Officer

Current

Name

William Poole

Dave Richards

Pramod Saxena

Vikas Sarda

Work History

Title

Founder, Managing Partner

Founder, Managing Partner

Founder

Chief Financial Officer

Status

Current

Current

Current

Current

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