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IIT Madras and Unicorn India Ventures close Rs 450 crore for deep-tech fund
Original: 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, moving toward a planned Rs 1,000 crore vehicle focused on deep-tech startups. The fund will back early-stage companies emerging from India's research and academic ecosystem, with IIT Madras's incubation network expected to serve as a pipeline. It marks another step in institutional participation in Indian deep-tech venture funding.
Why now: The large first close for an academic-linked deep-tech fund signals growing investor appetite for India's research-driven startup ecosystem.
IIT MadrasUnicorn India VenturesIITM Unicorn Frontier Fund I
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