Venttup, an Industries 5.0 startup aimed at creating a global network of scalable engineering and manufacturing capacities with India at its core, has successfully raised seed funding from Unicorn India Ventures. According to a press release from the company, this funding round will be utilized to accelerate business growth and advance technology development for its Indigenisation Program Management.
Founded by Sandeep Nair, M. Wasim Ankli, and Joseph Panakkal, Venttup aims to transform the manufacturing landscape by bringing millions of manufacturing MSMEs onto a unified digital platform. By providing these businesses with a robust supply chain, Venttup enhances operational efficiency and scalability.
Venttup’s platform not only assists large enterprises in outsourcing their engineering requirements but also helps them reduce their carbon footprint through cloud manufacturing and sustainable practices. The startup facilitates localized production of crucial engineering solutions and offers highly customized, complex components across various sectors, including energy, electric vehicles (EV), aerospace, and defence.
Since its launch in 2023, Venttup claims to have achieved an Annual Recurring Revenue (ARR) of ₹2 crore, with an order pipeline valued at ₹20 crore. With this fresh infusion of capital, the company aims to increase its revenue fivefold over the next 12 months by acquiring at least 50 new clients.
