SanchiConnect, a DeepTech enablement network, in collaboration with YourNest Venture Capital, has launched India’s largest deeptech funding cohort of 2024, investing ₹48 crore across eight startups. This initiative, under the Velocity Accelerator Program, aims to support innovative technologies that address critical challenges in industries like manufacturing, logistics, AI, and enterprise solutions.

The program received 1,280 applications from across 23 states and six union territories, ultimately selecting startups with the potential for disruptive growth.

Selected Startups and Their Innovations

1. Induz: Employs AI tools to automate and unify large-scale enterprise data for enhanced efficiency.
2. LeanWorx: Delivers cloud-based productivity monitoring solutions tailored for the manufacturing sector.
3. Think Metal: Designs compact, cost-effective 3D metal printers capable of 10x faster production at half the cost.
4. Presage Insights: Leverages advanced AI-driven predictive analytics to optimize decision-making across industries.
5. Superfone: Offers India’s first app-based business phone number platform, merging telephony with business software for SMBs.
6. CargoFL: Uses AI-powered logistics solutions to streamline supply chains and boost operational performance.

While the remaining two startups have not been named, the focus on innovative solutions across sectors underscores the cohort's transformative potential.

Program Highlights

The seven-month accelerator program goes beyond funding, offering:

• Expert Mentorship: Guidance from industry leaders to fine-tune strategies and innovations.
• Go-to-Market Support: Practical assistance in scaling solutions and penetrating markets.
• Bootcamp at IIT Kanpur (Noida Campus): A four-day immersive experience featuring workshops on leadership, branding, and team-building, alongside cultural activities and fireside chats.

Driving Innovation and Growth

The selected startups represent a diverse array of solutions, from leveraging AI in logistics to redefining manufacturing with 3D printing. This focus aligns with India’s growing reputation as a global hub for deeptech innovation.

Our Opinion on the News

This ₹48 crore investment demonstrates SanchiConnect and YourNest Venture Capital's commitment to India's burgeoning deeptech ecosystem. By fostering startups with groundbreaking solutions, the program strengthens the foundation for technological advancement and economic growth.

The inclusion of comprehensive mentorship, go-to-market strategies, and immersive bootcamps ensures these startups are not only well-funded but also well-prepared for the challenges of scaling and global competition.

This initiative further solidifies India's position as a deeptech powerhouse, opening opportunities for more such programs to nurture the next wave of industry-transforming innovations.

Source : YourStory