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- 1IIT Madras-backed Unicorn Frontier Fund closes first Rs 450 crore▼IITM Unicorn Frontier Fund I hits Rs 450 Cr first close
IITM Unicorn Frontier Fund I has reached a first close of Rs 450 crore, according to YourStory. The fund, backed by the IIT Madras ecosystem, targets early-stage startups with unicorn potential. The close marks a key milestone in India's growing pipeline of institution-linked deep-tech and venture funds.