IIT Madras Fund Closes First Round At ₹450

Inc42 · startup

IIT Madras, IIT Madras Research Park, and Unicorn India Ventures have announced the first close of their deeptech-focused IITM Unicorn Frontier Fund I at ₹450 Cr. The fund has already invested nearly ₹55 Cr in four startups: Hathor, Quanastra, Triolt Energy, and Carbelim. Launched in February, the fund aims to invest in 25 early-stage deeptech startups across defence tech, spacetech, semiconductors, and AI. This initiative aims to foster domestic technological capabilities and explore export opportunities for Indian deeptech innovations.