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Unicorn India Ventures
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- 1IITM Unicorn Frontier Fund I closes first Rs 450 crore▼IITM Unicorn Frontier Fund I hits Rs 450 Cr first close
IIT Madras' Unicorn Frontier Fund I has reached a first close of Rs 450 crore, marking a milestone for the institute's venture arm as it raises capital to back early-stage startups. The fund aims to invest in deep-tech and unicorn-potential ventures emerging from the IIT Madras ecosystem and beyond. The close signals continued investor appetite for India's institutional startup funds.
- 2IIT Madras and Unicorn India Ventures close Rs 450 crore deep-tech fund●IIT Madras and Unicorn India Ventures announced a Rs 450 crore first close for the IITM Unicorn Frontier Fund I, part of
IIT Madras and Unicorn India Ventures have announced a Rs 450 crore first close for the IITM Unicorn Frontier Fund I, the first tranche of a planned Rs 1,000 crore deep-tech fund. The fund is expected to back early-stage deep-tech startups emerging from India's academic and research ecosystem, and the announcement is drawing attention from the country's venture capital and startup community.