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“I think I finally had enough. Didn’t we have enough this year? But blow me one last kiss.” These lines by renowned artist Pink highlight what the startup ecosystem was experiencing in 2022. As the Indian startup ecosystem kisses goodbye to 2022 and moves on to embrace a new journey in 2023, we are proud to share how gracefully Unitus Ventures and its portfolio companies not just navigated the tumultuous 2022 but also achieved new heights of growth.  It’s time to reminisce about some of our successes. 

We remember 2022 as the year when the startup ecosystem became our canvas, and portfolio companies our masterpieces.  Despite the ecosystem being caught under the cold wave of the funding winter, we collaborated with our founders to make some bold investments and drive sustainable growth. We also looked at newer areas of focus by adding experience and depth to our team by bringing on board industry veterans, Sanjiv Rangrass and Raj Nooyi.

Following are the highlights:

  1. We participated in Eduvanz's extended Series B round worth INR 104.5 crores ($12.6 million). Eduvanz is a fintech non-banking finance company providing affordable and convenient education loans.

  2. 5C Network, India's leading medical diagnostics platform, secured $4.6 million in a Series A funding round.

  3. Awign, India’s #1 full-stack enterprise platform for outsourcing physical and digital work, raised $15 million in a Series B round. Along with us, the round saw participation from notable investors like Bertelsmann India Investments, Amicus Capital Partners, and Mynavi Corporation.

  4. Cuemath, a global math tutoring champion in which we were the first institutional investor, raised $57 million and promised to expand its services to North America, APAC, the UK, Europe, the Middle East, Africa, and South America.

  5. We led a $2 million funding round in technology-enabled construction and home improvement platform Wify along with Blume Ventures.

While making headway in venture capital investing, we continued to drive our thought leadership and brand prowess through strategic media visibility. Some of these include;

  1. We went live on CNBC-TV18’s marquee program Young Turks, bringing a global perspective to a panel discussing headwinds faced by local startups. 

  2. Strengthened the strategic authority of the firm in the startup ecosystem by sharing our investment philosophy in an exclusive interview with The Economic Times. 

  3. Delivered visibility for our portfolio companies like DriveU5C NetworkWifyNST, and Awign across prominent and leading media publications.

Wise is the one who flavors the future with some salt from the past. With that, we bid adieu to 2022 and say cheers to 2023. 

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