SanchiConnect and YourNest announces Rs 48 crore investment in 8 startups

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NEW DELHI: SanchiConnect, a deeptech accelerator, in partnership with YourNest Venture Capital, on Thursday, announced an investment of Rs 48 crore for its DeepTech accelerator programme- Velocity Accelerator Program.The seven-month-long program has received 1,280 applications from 23 states and six Union Territories. Out of these, eight startups were selected for their disruptive potential across various sectors such as manufacturing, logistics, agriculture, healthcare, enterprise solutions, and artificial intelligence.

The eight selected startups include Induz- which leverages AI tools to automate and unify large-scale enterprise data; LeanWorx which offers cloud-based productivity monitoring systems for the manufacturing sector; Think Metal has developed a compact, cost-effective 3D metal printer that delivers 10x faster production at half the cost; Presage Insights uses advanced AI for predictive analytics to improve decision-making across industries; Superfone is an app-based business phone number platform for SMBs, integrating telephony with business software; and CargoFL which employs AI-powered logistics solutions to optimise supply chains and improve operational efficiency.

In addition to financial support, the program provides expert mentorship, go-to-market strategies, and access to industry leaders. The program has a four-day immersive bootcamp at IIT Kanpur’s Noida Campus. This bootcamp includes workshops on branding, leadership, and team-building, along with cultural activities and fireside chats that foster both professional and personal growth. The program equips startups with the necessary tools and insights to overcome challenges, scale effectively, and seize global opportunities.

Sunil Goyal, Managing Director of YourNest Venture Capital, said in a statement, said in a statement, “Programs like Velocity are instrumental in unlocking India’s DeepTech potential. The diversity of this cohort, backed by SanchiConnect’s technological support, exemplifies how collaboration can drive scalable, real-world solutions.”


Sunil K. Shekhawat, Founder and CEO of SanchiConnect, said in a statement, The Velocity Accelerator Program reflects SanchiConnect’s unwavering commitment to fostering a robust DeepTech ecosystem in India. Our role extends beyond funding; we leverage our business expertise and program management capabilities to provide VCs and investors with the tools, insights, and support needed to identify and nurture potential early jewels.”



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SanchiConnect and YourNest announces Rs 48 crore investment in 8 startups



NEW DELHI: SanchiConnect, a deeptech accelerator, in partnership with YourNest Venture Capital, on Thursday, announced an investment of Rs 48 crore for its DeepTech accelerator programme- Velocity Accelerator Program.The seven-month-long program has received 1,280 applications from 23 states and six Union Territories. Out of these, eight startups were selected for their disruptive potential across various sectors such as manufacturing, logistics, agriculture, healthcare, enterprise solutions, and artificial intelligence.

The eight selected startups include Induz- which leverages AI tools to automate and unify large-scale enterprise data; LeanWorx which offers cloud-based productivity monitoring systems for the manufacturing sector; Think Metal has developed a compact, cost-effective 3D metal printer that delivers 10x faster production at half the cost; Presage Insights uses advanced AI for predictive analytics to improve decision-making across industries; Superfone is an app-based business phone number platform for SMBs, integrating telephony with business software; and CargoFL which employs AI-powered logistics solutions to optimise supply chains and improve operational efficiency.

In addition to financial support, the program provides expert mentorship, go-to-market strategies, and access to industry leaders. The program has a four-day immersive bootcamp at IIT Kanpur’s Noida Campus. This bootcamp includes workshops on branding, leadership, and team-building, along with cultural activities and fireside chats that foster both professional and personal growth. The program equips startups with the necessary tools and insights to overcome challenges, scale effectively, and seize global opportunities.

Sunil Goyal, Managing Director of YourNest Venture Capital, said in a statement, said in a statement, “Programs like Velocity are instrumental in unlocking India’s DeepTech potential. The diversity of this cohort, backed by SanchiConnect’s technological support, exemplifies how collaboration can drive scalable, real-world solutions.”


Sunil K. Shekhawat, Founder and CEO of SanchiConnect, said in a statement, The Velocity Accelerator Program reflects SanchiConnect’s unwavering commitment to fostering a robust DeepTech ecosystem in India. Our role extends beyond funding; we leverage our business expertise and program management capabilities to provide VCs and investors with the tools, insights, and support needed to identify and nurture potential early jewels.”



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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