New Delhi, April 30 -- IIM Ahmedabad's venture platform IIMA Ventures has averaged six to eight exits from its startup portfolio every year since the financial year 2012-13 (FY13)-a pace of returns that outstrips even some of India's leading venture capital funds.

IIMA Ventures exited Pune-based Unbox Robotics earlier this year when the warehouse automation startup raised $28 million in its Series B round led by ICICI Venture. It was among the first institutional backers of the company, writing an $80,000 ( Rs.75 lakh) cheque when it raised a $500,000 seed round back in 2020. IIMA Ventures saw an 8X return on its investment.

"We're there when the founders start their zero to one journeys, and when they start raising follow-on rounds, th...