DIFC-incubated India-focused fund Alicorn set to launch its operations this week

DIFC-incubated India-focused fund Alicorn set to launch its operations this week

Morphosis, an enabler of structural change, is laying the foundation blocks as an institution to reimagine the early stage investing model with a strong focus on environmental, social, and governance (ESG) practices.

Morphosis Venture Capital Limited, an early-stage venture firm based out of Dubai International Financial Centre (DIFC) and licenced by the Dubai Financial Services Authority (DFSA), is all set to launch its aptly called India-focused fund Alicorn this week — on the lines of unicorn with wings or the Greek mythical figure Pegasus with a horn.

Morphosis, an enabler of structural change, is laying the foundation blocks as an institution to reimagine the early stage investing model with a strong focus on environmental, social, and governance (ESG) practices. The firm invests in technology start-ups in large and rapidly digitizing areas such as b2b commerce, enterprise software and applications, fintech, healthtech, mobility tech, clean and climate tech, agritech, automation tech, among others.

“Our fund has a targeted corpus of $100 million (Dh367.30 million) and is focused on early-stage business-to-business, ESG-positive tech-based start-ups with a significant Indian connection and a compelling international appeal, with particular applicability to the Middle East, in addition to the large domestic opportunity in India,” said Amit Zutshi, founder and