SanchiConnect, a deep-tech enablement network, has made a strategic investment of Rs 48 crore (around $6 million) in eight groundbreaking startups under its Velocity Accelerator Program. This partnership with YourNest Venture Capital marks a significant step in nurturing transformative innovations and accelerating economic growth within India’s dynamic startup ecosystem.
The Velocity Accelerator Program, which aims to support high-potential startups, saw an overwhelming response, receiving 1,280 applications from across 23 states and six union territories. After a rigorous selection process, eight startups were chosen for their disruptive potential across key sectors such as manufacturing, logistics, agriculture, healthcare, enterprise solutions, and artificial intelligence (AI).
The selected startups include:
- Induz, which uses AI tools to automate and unify large-scale enterprise data, revolutionizing data management.
- LeanWorx, offers a cloud-based productivity monitoring system for the manufacturing sector, helping businesses enhance operational efficiency.
- Think Metal, has developed a compact and cost-effective 3D metal printer that provides 10x faster production at half the cost, making it a game-changer for the manufacturing industry.
- Presage Insights, uses advanced AI-driven predictive analytics to improve decision-making across various industries.
- Superfone, is an app-based platform that provides business phone numbers integrated with telephony and business software, specifically designed for small and medium-sized businesses (SMBs).
- CargoFL, utilizes AI-powered logistics solutions to optimize supply chains and enhance operational efficiency.
These startups represent a diverse cohort of businesses that are poised to make a significant impact in their respective industries. The Velocity Accelerator Program goes beyond just financial support. It provides startups with expert mentorship, go-to-market strategies, and access to industry leaders, helping them navigate challenges and scale efficiently while positioning themselves for global growth.
Founded in 2022, SanchiConnect aims to empower startups by providing key resources such as investor outreach, mentorship, and networking opportunities with corporates. The platform has quickly grown to feature over 3,000 startups, investors, mentors, and corporates, fostering a thriving deep-tech community that encourages learning and collaboration.
YourNest Venture Capital, an early-stage venture capital firm founded in 2011, specializes in deep-tech and enterprise-oriented startups. With a focus on disruptive technologies like Artificial Intelligence (AI), Internet of Things (IoT), Robotics, Augmented Reality (AR), Virtual Reality (VR), and cloud-based solutions, YourNest is committed to identifying and nurturing the next wave of transformative innovations.
The collaboration between SanchiConnect and YourNest Venture Capital is set to create a lasting impact on the Indian startup ecosystem by supporting the growth of deep-tech companies with the potential to revolutionize industries globally.
