IIT Madras closes first tranche of Rs 1,000 crore deeptech fund

IIT Madras, IIT Madras Research Park, and Unicorn India Ventures achieved the first close of a Rs 1,000 crore dedicated fund for early-stage deeptech startups, deliberately avoiding the YC model, per Analytics India. Academic institutions are now leading deeptech fundraising—if you're an IIT spin-out or have academic IP, public and institutional capital is increasingly accessible; focus on technical moats over fundraising velocity.

Source: Analytics India ↗