Funding
VCs flock to Chennai as IIT Madras helps deeptech take root
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Venture capitalists (VCs) are increasingly taking flights to Chennai as they see the city emerging as a new hub for deep-tech funding, driven largely by the IIT Madras incubation ecosystem.
Term sheets are being closed faster and family offices and high net-worth individuals (HNIs) are stepping in at very early stages, backed by success from the manufacturing ecosystem and proximity to Bengaluru, making it a convenient destination for regular visits.
According to data from Tracxn, startups in Chennai raised more than 95 rounds in 2024, receiving…
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