Unitus Seed Fund invests in Startups innovating for the masses in India
With more than 1.3 billion people, India has a massive goods, retail and distribution sector. And it is growing by leaps and bounds as people seek increased quality, reliability, value and aspirations in their increasing wallet allocations. They key drivers of consumer businesses are a young population aided by easier access to credit and payment options, increasing internet penetration and convenient and secured transactions. Buyers are naturally demanding more quality, value-added services, and current technology and styles that creates a huge new business opportunity for entrepreneurs.
India is currently the 3rd largest market for smartphones and will soon be #2. Affordable smartphones are driving a revolution of new business opportunities, including the ability to reach the masses and enabling new types of business models that are empowering highly distributed workforces. There is a new growing ecosystem of peripheral devices that leverage this platform to deliver access to new services from healthcare to retail to hiring to information discovery.
Areas We Particularly Like
At Unitus Seed Fund, we are seeking to invest in early-stage startups in the following sectors –
- Consumer data-centric businesses
Businesses that can build rich data profiles for consumers and can monetize this data using services that leverage this data. An example could be credit scoring data and hence consumer lending services using this data.
- Businesses leveraging Aadhaar and India Stack
Replacing significantly paper-based processes using India Stack provided interfaces to bring efficiency to the many processes is a huge scaled business opportunity startups should address.
We believe the above sectors will drive growth and have the potential to leapfrog change for all stakeholders. If you are an early-stage startup working in the sectors of our interest, and are seeking funding, please reach out to us through the form below.