IIT Madras Deeptech Fund Closes ₹450 Cr First Tranche, Targets ₹1,000 Cr Corpus

IIT Madras, IITMRP, and Unicorn India Ventures closed the first close of their deeptech-focused fund at ₹450 cr, with ₹55 cr already deployed across four startups, and a target corpus of ₹1,000 cr. Deeptech founders should engage with this fund cohort early—IIT Madras' institutional backing de-risks early-stage R&D and helps with talent recruitment.

Source: Analytics India ↗