Venture capitalists who previously worked at 100Unicorns establish a new company to invest in fledgling startups.
In an exciting development for the Indian startup ecosystem, Rajesh Mane and Ankit Jain, former partners at 100Unicorns, have established a new venture capital firm. This new entity, which is backed by multi-stage investment firm Venture Catalysts, will focus on investing in pre-seed and seed-stage startups across various sectors.
The new venture capital firm, yet to be named, is not specified to be a successor of 100Unicorns. However, it is worth noting that 100Unicorns, previously known as 9Unicorns, is a homegrown venture capital firm that was previously backed by Venture Catalysts.
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It is interesting to see Rajesh Mane and Ankit Jain, who left 100Unicorns earlier this year, venturing into a new venture. Their new firm will operate across various sectors, with a focus on startups at the pre-seed and seed stages.
The new venture capital firm will join the ranks of other firms backed by Venture Catalysts, which has been instrumental in supporting numerous startups in India. As the startup ecosystem continues to grow, it will be intriguing to see how this new venture capital firm contributes to the landscape.
Stay tuned for more updates as we continue to monitor developments in the Indian startup scene.
