Impact investor, Unitus, backed by Mohandas and Ranjen Pai, has completed its fundraising for its Securities and Exchange Board of India (SEBI) registered – Unitus Seed Fund with Rs36 cr (US$5.78 million).
Unitus has also created an offshore seed fund creating a combined corpus of Rs140 cr (US$23 million) for investing exclusively in India across the healthcare, agriculture, e-commerce, mobile, and retail sectors.
To date, Unitus has announced 16 investments in the country, and is planning to invest in an additional 16 companies.
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