{"id":1039061,"date":"2026-09-28T08:57:20","date_gmt":"2026-09-28T03:27:20","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=1039061"},"modified":"2026-09-28T09:21:50","modified_gmt":"2026-09-28T03:51:50","slug":"iit-m-deep-tech-fund-raises-rs-450-cr-in-1st-close","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2026\/09\/28\/iit-m-deep-tech-fund-raises-rs-450-cr-in-1st-close\/","title":{"rendered":"IIT-M deep-tech fund raises Rs 450 cr in 1st close"},"content":{"rendered":"<p>CHENNAI: The IIT Madras Unicorn Frontier Fund-I, set up to provide long-term funding to deep-tech startups, has raised Rs 450 crore in its first funding round. Union Finance Minister Nirmala Sitharaman was present at the announcement on Saturday. <\/p>\n<p>Launched by IIT-M, IIT-M Research Park, and Unicorn India Ventures, the fund has a target corpus of Rs 1,000 crore, including a Rs 400-crore greenshoe option. The fund is expected to close by December, said a release. It added that the first close comes within three months of the fund receiving SEBI approval.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>CHENNAI: The IIT Madras Unicorn Frontier Fund-I, set up to provide long-term funding to deep-tech startups, has raised Rs 450 crore in its first funding round. Union Finance Minister Nirmala Sitharaman was present at the announcement on Saturday. Launched by IIT-M, IIT-M Research Park, and Unicorn India Ventures, the fund has a target corpus of Rs 1,000 crore, including a Rs 400-crore greenshoe option. The fund is expected to close by December, said a release. It added that the first close comes within three months of the fund receiving SEBI approval.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[75,4,17],"tags":[],"class_list":["post-1039061","post","type-post","status-publish","format-standard","hentry","category-it-2-the-new-indian-express","category-newspapers","category-the-new-indian-express"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1039061","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=1039061"}],"version-history":[{"count":1,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1039061\/revisions"}],"predecessor-version":[{"id":1039095,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/1039061\/revisions\/1039095"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=1039061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=1039061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=1039061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}