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LatestStartup And Fundraising 27 September 2026

IIT Madras Deep-Tech Fund Secures Rs 450 Cr in First Close

IIT Madras closed its Unicorn Frontier Fund‑I with Rs 450 crore. Alumni added over Rs 150 crore, and Rs 55 crore will be deployed to four deep‑tech startups. Nirmala Sitharaman says these ventures can spur double‑digit growth.

IIT Madras Unicorn Frontier Fund‑I reaches its first close with Rs 450 crore committed.

  • Alumni contributed over Rs 150 crore, boosting the fund’s capital base.
  • The fund will deploy Rs 55 crore into four deep‑tech startups this quarter.
  • Finance Minister Nirmala Sitharaman highlighted that tech‑driven startups could help push India’s growth to double‑digits.

Sources: New Indian Express, Economic Times, CXO Today, Financial Express

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