IIT Madras, Unicorn India Ventures launch ₹450 Cr deeptech fund
IIT Madras and Unicorn India Ventures have raised ₹450 crore for their first deeptech-focused fund, with nearly ₹55 crore already invested in four startup bets. The fund, which opened in February, aims to reach ₹1,000 crore by December 2026 and will back around 25 early-stage startups in fields like semiconductors, spacetech, and AI infrastructure. Most of the initial funding came from IIT Madras alumni and family offices.
- Fund targets 25 startups with ₹15–25 Cr each
- Backers include alumni, family offices, institutions expected later
- Four startups already got nearly ₹55 Cr
- Focuses on semiconductors, spacetech, manufacturing, and AI
- Final close target is ₹1,000 Cr by late 2026
Sources covering this
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