✉news BusinessStartups first seen 6 h ago, last 5 h ago, peak #32
IIT Madras-backed deeptech fund raises Rs 453 crore in first close
Original: IIT Madras-backed deeptech fund raises Rs 453cr in first close
A deeptech venture fund backed by IIT Madras has raised Rs 453 crore in the first close of its fundraising. The fund will back early-stage deep technology startups emerging from India's research ecosystem. The milestone highlights growing investor interest in India's deeptech sector, which draws on academic institutions like IIT Madras to source and support science-driven ventures.
Why now: The sizeable first close signals strong investor confidence in India's deeptech startup ecosystem, a trending theme among investors and founders.
IIT Madrasdeeptech fundTimes of India
Rank over time, top of the chart is #1. 2 snapshots from 6 h ago to 5 h ago.
Evidence
- IIT Madras-backed deeptech fund raises Rs 453cr in first close · The Times of India
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