IIT-Madras Deep Tech Fund Achieves ₹450 Crore First Close

IIT-Madras deep tech fund achieves ₹450 crore first close

The ₹450-crore first close is backed by a mix of leading IIT-Madras alumni including Kris Gopalakrishnan (co-founder of Infosys and chairperson, Axilor Ventures) and prominent family offices, along with institutions, corporates and banks

IIT-M & Unicorn India hit ₹450 cr first close for its fund; Backs 4 deep-tech startups

IIT Madras Research Park and Unicorn India Ventures hit ₹450 crore first close for a ₹1,000 crore deep-tech fund, backing 4 startups; final close by 2027.

IIT Madras Unicorn Frontier Fund I achieves first close at ₹450 cr

IIT Madras and Unicorn India Ventures’ Unicorn Frontier Fund achieves ₹450 crore first close, targeting ₹1,000 crore with deep-tech startups and alumni-backed investors.

IIT Madras-led deep-tech fund reaches Rs 450 Cr first close

IIT Madras, IIT Madras Research Park and Unicorn India Ventures have achieved the first close of their Rs 1,000-crore IITM Unicorn Frontier Fund I at Rs 450 crore, three months after receiving SEBI approval, and announced investments of nearly Rs 55 crore in four deep-tech startups. The milestone was announced in the presence of Union Finance Minister Nirmala Sitharaman in Bengaluru on Saturday.

IIT Madras, Unicorn India Ventures Mark First Close Of Fund I At ₹450 Cr

IIT Madras, IIT Madras Research Park (IITMRP), and Unicorn India Ventures have announced the first close of their deeptech-focused IITM…