"Fundraising is tortuous": Nat Malupillai on how IIT Madras’ new fund gives founders room to breathe

IIT Madras Research Park has teamed up with Unicorn India Ventures to launch the IITM Unicorn Frontier Fund I—a Rs 1,000-crore venture capital vehicle built to give early-stage deep-tech founders room to breathe. Backed by global IIT Madras alumni, financial institutions, and family offices, the fund has already hit its first close of Rs 450 crore and committed nearly Rs 55 crore across its first wave of startups, including Hathor, Quanstra, Triolt Energy, and Carbelim.