Why a ₹100 Crore Chip Startup Was Worth ₹680 Crore 9 Months Later: a quick chat with Unicorn India Ventures

A semiconductor startup went from a ₹100 crore valuation to ₹650–680 crore in nine months, and its auditors couldn't understand how. Bhaskar Majumdar, Managing Partner at Unicorn India Ventures, which has just launched a deep tech fund with IIT Madras, explains how deep tech actually gets valued, and why it needs different rules. On 26 September 2026, IIT Madras and Unicorn India Ventures announced the ₹450 crore first close of IITM Unicorn Frontier Fund I, a deep tech fund with a ₹1,000 cro...