ICICI Bank

Type

Bank

Status

Active

Location

Mumbai, India

Total investments

34

Average round size

28M

Portfolio companies

31

Rounds per year

1.13

Lead investments

3

Follow on index

0.06

Exits

3

Areas of investment
AutomotiveE-CommerceInternetSoftwareFinancial ServicesFinTechInformation TechnologyPaymentsFinanceCustomer Service

Summary

In 1994 was created ICICI Bank, which is appeared as Corporate Investor. The main department of described Corporate Investor is located in the Mumbai. The company was established in Asia in India.

The standard case for the fund is to invest in rounds with 2-3 partakers. Despite the ICICI Bank, startups are often financed by Mizuho Corporate Bank, Sumitomo Mitsui Banking Corporation, Secocha Ventures. The meaningful sponsors for the fund in investment in the same round are Union Bank of India, Indian Bank, Yes Bank. In the next rounds fund is usually obtained by Intel Capital, Trident Capital, Ontario Teachers' Pension Plan.

The higher amount of exits for fund were in 2005. The usual things for fund are deals in the range of 10 - 50 millions dollars. The top activity for fund was in 2019. The fund is constantly included in less than 2 investment rounds annually. Opposing the other organizations, this ICICI Bank works on 20 percentage points less the average amount of lead investments. Considering the real fund results, this Corporate Investor is 35 percentage points more often commits exit comparing to other organizations. The typical startup value when the investment from ICICI Bank is 5-10 millions dollars.

Among the various public portfolio startups of the fund, we may underline Brightcom Group (formerly LYCOS Internet Ltd), Gokaldas Exports Ltd., ePaylater For fund there is a match between the location of its establishment and the land of its numerous investments - India. The fund has exact preference in some founders of portfolio startups. Among the most successful fund investment fields, there are Service Industry, Micro Lending. Besides, a startup requires to be at the age of 11-15 years to receive the investment from the fund.

We also calculated 16 valuable employees in our database.

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Investor highlights

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Investments analytics

Analytics

Total investments
34
Lead investments
3
Exits
3
Rounds per year
1.13
Follow on index
0.06
Investments by industry
  • Financial Services (11)
  • FinTech (6)
  • Information Technology (5)
  • Internet (4)
  • E-Commerce (4)
  • Show 56 more
Investments by region
  • India (29)
  • Canada (1)
  • United States (1)
Peak activity year
2023
Number of Unicorns
2
Number of Decacorns
2
Number of Minotaurs
1

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Quantitative data

Avg. startup age at the time of investment
13
Avg. valuation at time of investment
142M
Group Appearance index
0.65
Avg. company exit year
3
Strategy success index
0.50

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Latest deals

Company name Deal date Industry Deal stage Deal size Location
Swirepay 31 Jan 2023 FinTech Seed United States, California, Santa Clara
How we get our data

At Unicorn Nest, we combine cutting-edge technology with human expertise to build one of the most reliable venture capital databases in the market. Our process begins with automated AI-enhanced data collection, leveraging the full potential of Large Language Models (LLMs).

Later, our team of analysts takes it further with manual verification, using proprietary tools for data cleaning and validation to ensure accuracy and reliability. We cross-check and enhance our findings through press and media monitoring, integrating information from trusted news outlets and venture capital aggregators. Finally, we stay ahead of the curve by monitoring social networks like LinkedIn and X.com.