IIT Madras and Unicorn India Ventures Close Rs 450 Crore Deeptech Fund at First Close

IITM Unicorn Frontier Fund I reached Rs 450 crore first close and has deployed nearly Rs 55 crore across four startups in space, quantum, batteries, and carbon capture. This signals institutional capital is now flowing into hard tech—deeptech founders should expect longer fundraising cycles but higher conviction checks; focus on reproducible technical differentiation, not team credential alone.

Source: YourStory ↗