LatestStartup And Fundraising 27 September 2026
IIT-Madras Deep-Tech Fund Secures Rs 450 Cr in First Close
India’s IIT Madras Unicorn Frontier Fund‑I, created to back deep‑tech startups with patient capital, announced its first close with Rs 450 crore pledged by a mix of government, corporate and private investors. The fund aims to provide long‑term financing to emerging technology companies across sectors such as AI, quantum computing and advanced materials, positioning India as a hub for deep‑tech innovation.
IIT‑Madras Unicorn Frontier Fund‑I hits Rs 450 crore in its first close.
- Target: long‑term capital for deep‑tech startups (AI, quantum, advanced materials, etc.).
- Backers: government agencies, corporate investors, and private limited partners.
- Goal: nurture Indian deep‑tech firms to become global players.
Read the full report here.
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