December 16 ,2024: In a major step to power India’s deeptech startups innovation, SanchiConnect and YourNest Venture Capital have partnered to invest Rs 48 crore in eight promising startups. This investment comes under their Velocity Accelerator Programme, marking the largest deeptech funding cohort of 2024. The seven-month-long programme received an overwhelming 1,280 applications from across 23 states and six union territories, showcasing the vast entrepreneurial potential in the country.
The selected startups have been recognized for their disruptive capabilities across diverse sectors, including manufacturing, logistics, agriculture, healthcare, enterprise solutions, and artificial intelligence (AI). These startups represent the future of deeptech, with each offering innovative solutions that promise to reshape industries.
Selected Startups: Transforming Industries with Innovation
Among the chosen startups is Induz, a company utilizing AI tools to streamline and unify large-scale enterprise data. LeanWorx offers a cloud-based productivity monitoring system tailored for the manufacturing industry, helping companies optimize their operations. Think Metal has developed a compact 3D metal printer that promises 10X faster production at half the cost, revolutionizing manufacturing processes.
Other deeptech startups include Presage Insights, which uses advanced AI for predictive analytics to enhance decision-making across industries, and Superfone, an app-based business phone number platform that integrates telephony with business software for SMBs. CargoFL, an AI-powered logistics solution, focuses on optimizing supply chains to boost operational efficiency.
Beyond Funding: A Comprehensive Support System for Deeptech Startups from SanchiConnect and YourNest Venture Capital
The Velocity Accelerator Programme offers much more than just financial backing. In addition to the Rs 48 crore investment, selected startups will gain access to expert mentorship, go-to-market strategies, and invaluable connections to industry leaders. Dr. Sunil K Shekhawat, Founder and CEO of SanchiConnect, emphasized that their role extends beyond funding.
“We leverage our business expertise and program management capabilities to equip VCs and investors with the tools, insights, and support needed to identify and nurture high-potential startups,” he said.
The deeptech startups programme also includes a unique four-day immersive bootcamp at IIT Kanpur’s Noida Campus. The bootcamp focuses on workshops in branding, leadership, and team-building, as well as cultural activities and fireside chats. This well-rounded approach fosters both professional and personal growth, helping startups prepare for challenges and scale effectively.
Unlocking India’s Deeptech Potential
The Velocity Accelerator Programme is not only about funding startups but about preparing them for global growth. “Programs like Velocity are crucial in unlocking India’s deeptech potential,” said Sunil Goyal, Managing Director of YourNest Venture Capital. “The diversity of this cohort, combined with SanchiConnect’s technological support, demonstrates how collaboration can drive scalable, real-world solutions.”
As India’s deeptech startups ecosystem continues to evolve, initiatives like this reinforce the country’s role as a leader in deeptech innovation. The Velocity Accelerator Programme is setting a strong foundation for startups to thrive, overcome challenges, and tap into global opportunities.
