IITM Unicorn Frontier Fund I hits Rs 450 Cr first close
IIT Madras, IIT Madras Research Park, and Unicorn India Ventures have announced a Rs 450 crore first close for the IITM Unicorn Frontier Fund I, part of a planned Rs 1,000 crore deeptech fund.
Via YourStory
“At IIT Madras, we have built an ecosystem that has nurtured several deeptech companies who have consistently demonstrated TRL growth. With a joint fund with best in class deeptech investors Unicorn India, we are now confident that these companies will not only get access to patient capital but also strategic growth guidance as well,” said Prof Kamakoti Veezhinathan, Director, IIT Madras.
The capital has been assembled from IIT Madras alumni and family offices, with institutions, corporates, and banks expected to…
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