StartupsINVESTAnnounced
Unicorn India Ventures announced ₹450 crore first close for a ₹1,000 crore deep-tech fund
Bengaluru, Karnataka26 Sept 2026
Unicorn India Ventures, with IIT Madras and IIT Madras Research Park, announced a first close of ₹450 crore for its ₹1,000 crore fund focused on advanced-technology startups. The fund also said it is deploying nearly ₹55 crore across four deep-tech startups: Chennai-based Hathor, Delhi-based Quanstra, Triolt Energy, and Carbelim.
Why it matters
A closed first tranche and initial deployments provide committed capital for early-stage Indian deep-tech startups across areas such as space, defence tech, semiconductors, AI infrastructure and health tech.
Unicorn India VenturesIIT MadrasIIT Madras Research Park