LatestStartup And Fundraising 27 September 2026
IIT Madras Secures Rs 150 Cr for Deep-Tech VC Fund
IIT Madras has completed the first close of its deep‑tech venture capital fund, securing more than Rs 150 crore from alumni investors. The capital will be deployed to support technology‑intensive startups, accelerating innovation and commercialisation of cutting‑edge solutions across India. Alumni backers aim to nurture early‑stage companies with high‑impact potential, strengthening the ecosystem for deep‑tech entrepreneurship.
IIT Madras announced the first close of its deep‑tech venture capital fund, raising over Rs 150 crore from alumni investors.
- The fund targets technology‑intensive startups and aims to boost innovation across India.
- Backers include prominent IIT alumni who will support early‑stage deep‑tech ventures.
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