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IIT Madras and Unicorn India Ventures announce ₹450 crore first close of ₹1,000 crore deep-tech fund to support startups.

Sep 26, 2026

Contract Type

partnership

Chennai

Description

IIT Madras and Unicorn India Ventures have successfully closed ₹450 crore in their ₹1,000 crore deep-tech fund aimed at fostering innovation in India. This partnership is expected to provide startups with patient capital and strategic growth guidance, alongside their joint commitment to advancing deep tech applications.

Company Information

Company

IIT Madras Research Park

Location

Chennai, Tamil Nadu, India

About

IIT Madras Research Park is a hub for innovation and technology development, associated with the Indian Institute of Technology Madras. It fosters partnerships between academia and industry to drive research in various fields. The park supports startups and established companies in their growth journeys through mentorship and funding.

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Agreement Insights

What this usually means
Strategic partnership established
Partnership agreements typically involve technology integration and joint go-to-market strategies

IIT Madras Research Park signed a new agreement. Fundz surfaces partnerships and contracts as they are announced.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 285,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.