IITM Unicorn Frontier Fund I hits ₹450 cr first close (opens the source in a new tab)
- Nearly ₹55 cr is already deployed across four startups in space, quantum, batteries and carbon capture.
- Plans about 25 IP-led startups, with cheques of ₹15–25 cr, mostly at proof-of-concept stage (TRL 3–4).
- Institutions, corporates and banks are expected to join before the final close in December.
- ₹450 cr
- first close (₹1,000 cr plan)
- ~25
- IP-led startups planned
Why it matters It targets the lab-to-market gap.
Other side Lab-stage bets are risky, and a first close isn’t a track record: only about ₹55 cr has gone out so far.
Source:YourStory (free to read) ↗