IIT Madras To Launch INR 200 Cr Early Stage Startup Fund

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SUMMARY

Called the ‘IITM Alumni Fund’, the new fund will focus on pre-Series A and Series A investments, mainly in startups incubated at the institute

The fund will operate as an independent legal entity and follow standard VC fund processes. Most of the funding is expected to come from IIT Madras alumni and HNIs

Notably, IIT Madras counts the likes of electric vehicle (EV) maker Ather Energy and AI unicorn Uniphore among its alumni ventures

Indian Institute of Technology…



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We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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IIT Madras To Launch INR 200 Cr Early Stage Startup Fund


SUMMARY

Called the ‘IITM Alumni Fund’, the new fund will focus on pre-Series A and Series A investments, mainly in startups incubated at the institute

The fund will operate as an independent legal entity and follow standard VC fund processes. Most of the funding is expected to come from IIT Madras alumni and HNIs

Notably, IIT Madras counts the likes of electric vehicle (EV) maker Ather Energy and AI unicorn Uniphore among its alumni ventures

Indian Institute of Technology…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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