IIT Madras, IIT Madras Research Park & Unicorn India Ventures announce first close of IITM Unicorn Frontier Fund I at Rs 450 Cr in Hon’ble FM’s presence, deploys Rs 55 crore in 4 deep tech startups
Saturday, September 26, 2026 · first reported by This Week India and 7 others
IITM Unicorn Frontier Fund I closes first tranche at Rs 450 crore (~$54M USD) with Rs 55 crore (~$6.6M USD) deployed across 4 deeptech startups.
- Also named
- IIT Madras
- Fund
- IITM Unicorn Frontier Fund I
- Size
- $54M
- Stage
- First close
- Asset class
- Venture
- Geography
- Asia-Pacific
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Coverage
8 sources- This Week IndiaIIT Madras, IIT Madras Research Park & Unicorn India Ventures announce first close of IITM Unicorn Frontier Fund I at Rs 450 Cr in Hon’ble FM’s presence, deploys Rs 55 crore in 4 deep tech startups
- Indian Startup NewsIIT Madras, Unicorn India Ventures announce Rs 450 crore first close of Rs 1,000 crore deeptech fund
- ciol.comIIT Madras Deeptech Fund Hits ₹450 Crore First Close, Backs Four Startups
- India Technology NewsIIT Madras, IIT Madras Research Park & Unicorn India Ventures announce first close of IITM Unicorn Frontier Fund I at Rs 450 Cr in Hon’ble FM’s presence, deploys Rs 55 crore in 4 deep tech startups
- The Times of IndiaIITM-backed deeptech fund raises Rs 453 cr in first close
- Raksha AnirvedaIIT Madras, IIT Madras Research Park and Unicorn India Ventures Announce First Close of IITM Unicorn Frontier Fund-I at Rs 450 Crore, Deploys Rs 55 Crore in 4 Deep Tech Startups
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