IIT Madras To Launch INR 200 Cr Early Stage Startup Fund

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…