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IITM Unicorn Frontier Fund I
Trends
- 1IIT 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.
- 2IIT 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.