IIT Madras Launches Rs 1,000-Cr Frontier Fund I — SkimNews
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- IIT Madras Research Park and Unicorn India Ventures have launched the Rs 1,000-crore Frontier Fund I to provide patient capital to early-stage deep-tech startups.
- Nat Malupillai, Group CEO, called fundraising 'tortuous' and said the fund's design eliminates fundraising distractions, giving founders room to breathe.
Why it matters: The Rs 1,000-crore Frontier Fund I is explicitly structured as patient capital for early-stage deep-tech startups, with Malupillai framing the vehicle as one that removes fundraising as a distraction — directly tackling the 'tortuous' capital chase he cited and freeing founders to focus on R&D over perpetual pitching.
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