IIT Madras Unicorn Frontier Fund I achieves first close at ₹450 cr
Headline by Prism · from 1 report
The IIT Madras Unicorn Frontier Fund has reached a first close of ₹450 crore.
The Hindu BusinessLineThe brief
Written by software from the 1 report below.
- IIT Madras and Unicorn India Ventures successfully raised ₹450 crore for their deep tech fund.
- This capital comes from alumni, research park clients, and financial institutions.
- The fund has already deployed ₹55 crore into four deep tech startups.
- The goal is to reach a total fund size of up to ₹1,000 crore by the end of 2026.
What to watch next
- Final fund close expected by December 2026
- Inclusion of sovereign and institutional capital in the next phase
- Potential IPOs from portfolio startups by 2030 or 2032
The points restate the reports; where one says why it matters, that is Prism's reading, not a reported fact.
Who said what
4 quotes · 1 outlet
Only words found exactly in the article are shown, attributed and linked to the line they came from.
Natarajan Malupillai
Group CEO, IITM Research Park, Incubation Cell & RTBI
3 quotes · 1 outlet
“I expect it will be between ₹800-1,000 crore by the time we’ve officially closed the fund”
In the article
…fund has been raised from broadly three stakeholders - IIT-M alumni both in India and abroad, clients of the Research Park ecosystem itself, and thirdly, some of the banking financial institutions and family offices. “ I expect it will be between ₹800-1,000 crore by the time we’ve officially closed the fund ,” he said, adding that sovereign and institutional capital will be a bigger part in the next phase, with advanced discussions underway with entities such as SIDBI and the government’s RDI Fund ecosystem. Participation…
“Now that we have our own fund, it made their participation more tangible and personal than investing in a conventional large fund”
In the article
…RDI Fund ecosystem. Participation ‘personal’ for alumni IITM RP considers the strong alumni response as an indication of the ecosystem’s desire to participate more directly in India’s growth and deep-tech story. “ Now that we have our own fund, it made their participation more tangible and personal than investing in a conventional large fund ,” he added. While start-ups part of the IIT Madras incubation cell will be under the radar of the new fund, the Fund will also consider start-ups from outside the ecosystem that are working on strategically important/…
Bhaskar Majumdar
Managing Partner, Unicorn India Ventures
1 quote · 1 outlet
“Through our partnership with IIT Madras, we aim to provide early founders the capital and strategic support required to scale and build globally competitive companies from India.”
In the article
…a steady state deep tech IPOs coming out of this Fund; we need to get them to ₹1,000 crore+ revenue type models; that is really the focus,” he said. Bhaskar Majumdar, Managing Partner, Unicorn India Ventures, said, “ Through our partnership with IIT Madras, we aim to provide early founders the capital and strategic support required to scale and build globally competitive companies from India. ” Published on September 26, 2026…
Coverage
1 outlet
All filed from India
NamedIndia · Carbelim · Hathor · Quanstra · Triolt Energy · Bhaskar Majumdar · IIT-Madras · IIT Madras Research Park · Natarajan Malupillai · Nirmala Sitharaman · SIDBI · Unicorn India Ventures
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