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IITM Unicorn Frontier Fund I closes first Rs 450 crore

Original: 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.

Why now: The first close is fresh funding news for one of India's most active institutional startup ecosystems.

IIT MadrasUnicorn Frontier Fund I

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• IITM Unicorn Frontier Fund I hits Rs 450 Cr first close · YourStory.com

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