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…