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WEH Ventures has marked the first close of its Rs 250 crore Fund III, setting up fresh capital for early-stage investments across India’s startup ecosystem. The fund is expected to support 20 to 25 companies spanning multiple sectors, reinforcing the firm’s continued focus on seed and pre-seed opportunities.
IIT Madras, its Research Park and Unicorn India Ventures have announced a first close of Rs 450 crore for a Rs 1,000 crore fund aimed at advanced technology startups, with the final close expected by December 2026. The fund has already deployed nearly Rs 55 crore across four deep-tech startups as it sharpens its focus on sectors seen as strategically important to India's industrial and national security ambitions.
Kerala has begun integrating artificial intelligence and advanced digital tools into its tourism sector as part of a broader effort to position the state as an international experiential destination, Tourism Minister P.C. Vishnunadh said on the eve of World Tourism Day. He said the government's upcoming tourism policy will give greater thrust to technology-led reforms, start-up support, barrier-free access and smarter destination management.
The IIT Madras-led Unicorn Frontier Fund has reached a Rs 450 crore first close, marking a major early milestone for its Rs 1,000 crore deep-tech investment vehicle. Backed by alumni, family offices, institutions, corporates and banks, the fund has already deployed capital into four startups working on rocket engines, air-quality technology, quantum instrumentation and energy storage.
Private equity firm True North has reportedly acquired a minority stake in adtech and commerce company InMobi through a secondary transaction valued at about $50-60 million, according to a Livemint report. The deal, which includes a small primary component, comes as InMobi accelerates preparations for a public listing in India and continues reshaping its cap table ahead of a potential IPO.
IIT Madras, IIT Madras Research Park and Unicorn India Ventures have announced the first close of their deeptech-focused IITM Unicorn Frontier Fund I at Rs 450 crore, setting up one of India's most targeted early-stage technology vehicles. The fund has already deployed nearly Rs 55 crore across four startups and aims to back 25 companies in sectors ranging from defence tech and spacetech to semiconductors, robotics and healthtech.
Aequs' board has approved a preferential issue of warrants worth up to Rs 650 crore to promoter group entity Mellwood Trustee Services Pvt Ltd, with the proceeds earmarked for capacity expansion across aerospace and consumer businesses. The capital infusion is intended to support the company's Hosur facility, investments in subsidiaries and joint ventures, and broader growth plans through FY28.
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