Listen: Bhaskar Majumdar of Unicorn India Ventures on how Covid-19 has affected the startup ecosystem

At a time when early stage ventures are likely shutting shop due to lack of funds, and investors are growing increasingly wary of the market due to the Covid-19 pandemic, the industry buzz is that B2B companies seem to be faring better than their consumer-facing peers. 

Mumbai-based venture capital firm Unicorn India Ventures, which largely invests between $1 million and $5 million in early stage B2B startups, has seen most of its portfolio companies continue to win in the market despite waning activity overall. 

In this episode of the CapitalCall podcast, TechCircle spoke to the Mumbai-based venture capital firm’s co-founder and managing partner Bhaskar Majumdar about how the global crisis has impacted the startup ecosystem and what could help companies keep themselves afloat. 

Majumdar, who is based in London, set up Unicorn in 2015 with Anil Joshi. The firm also operates a United Kingdom-India cross-border fund called Unicorn Ascension Fund, which helps startups in the UK enter the Indian market. The firm has invested in six startups in the UK so far. In March, it raised $12 million (around Rs 92 crore) in the first close of its second India-focused equity fund.