IITM Unicorn Frontier Fund reaches Rs 450 crore first close
Article image: The Economic TimesThe IITM Unicorn Frontier Fund-I has raised Rs 450 crore at its first close, The Economic Times reports. The fund, launched with IIT Madras, its Research Park and Unicorn India Ventures, had deployed nearly Rs 55 crore across four startups. Its larger corpus target should not be confused with money already raised.
DTT summary based on The Economic Times's report. The full article is on the publisher's site.
Round details
A deep-tech investment fund launched by IIT Madras, its Research Park and Unicorn India Ventures.
- Target corpus: ₹1,000 Cr including ₹400 Cr greenshoe.
- Nearly ₹55 Cr deployed across four startups.
- First close: ₹450 Cr