IITM-backed deeptech fund raises Rs 453 cr in first close
BENGALURU: IIT Madras and venture capital firm Unicorn India Ventures have announced the first close of about Rs 450 crore for their Rs 1,000-crore deeptech fund, with roughly a third of the capital coming from overseas investors. The fund will back capital-intensive startups that can take years to reach commercial scale.IITM Unicorn Frontier Fund I,…
