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SanchiConnect and YourNest invest in 8 startups under VAP

EntrackrEntrackr · 11m ago
SanchiConnect and YourNest invest in 8 startups under VAP
Medial

SanchiConnect, a deep-tech enablement network in partnership with YourNest Venture Capital, has invested Rs 48 crore (about $6 million) in eight transformative startups under its Velocity Accelerator Program. The program aims to nurture groundbreaking ideas and drive economic growth in the country’s startup ecosystem, SanchiConnect said in a press release. The seven-month-long program claims to have received 1,280 applications from 23 states and six union territories and 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 such as Induz which leverages AI tools to automate and unify large-scale enterprise data, while LeanWorx 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. CargoFL employs AI-powered logistics solutions to optimize supply chains and improve operational efficiency. Finally, a couple of other startups complete this exceptional cohort. The Velocity Accelerator Program offers startups a comprehensive growth platform. In addition to financial support, the program provides expert mentorship, go-to-market strategies, and access to industry leaders. The program equips startups with the necessary tools and insights to overcome challenges, scale effectively, and seize global opportunities. Founded in 2022, SanchiConnect aims to empower startups by focusing on key areas such as investor outreach, mentorship, and corporate networking. Its deep-tech community platform now features over 3,000 startups, investors, mentors, and corporates, all engaging in networking and learning through an interface. Launched in 2011, YourNest Venture Capital is an early-stage venture capital firm, specializing in deep-tech and enterprise-oriented startups. The firm focuses on identifying and nurturing disruptive technologies in domains such as Artificial Intelligence (AI), Internet of Things (IoT), Robotics, Augmented Reality/Virtual Reality, and cloud-based digital solutions.

Startup news and updates: Daily roundup (October 1, 2024)

YourStoryYourStory · 1y ago
Startup news and updates: Daily roundup (October 1, 2024)
Medial

- Deeptech accelerator SanchiConnect raises undisclosed amount of funding from Baring Private Equity Partners-India, Seafund, and 8X Ventures. - IG Drones secures $1M funding led by India Accelerator and Angel Investors for research and development of drone solutions tailored for defence applications. - FNP (Ferns N Petals) appoints Gaurav Sharma as its new Chief Technology Officer (CTO) to drive innovation and improve digital experiences. - SanchiConnect expands its software offerings to Indian startups with the recently raised capital. - IG Drones plans to raise an additional $3M over the next six months to expand its operations in India and globally. - Gaurav Sharma, the newly appointed CTO of FNP, has over two decades of distinguished experience in the technology sector.

SanchiConnect announces preseed accelerator program “Ecosphere” for Startups Working in ClimateTech Domain

Startup News FYIStartup News FYI · 2y ago
SanchiConnect announces preseed accelerator program “Ecosphere” for Startups Working in ClimateTech Domain
Medial

SanchiConnect has announced the launch of its second PreSeed Accelerator program called "Ecosphere" for startups focused on Climate Tech and Sustainability. The program will provide funding ranging from INR 80 lakhs to INR 1.2 crore for selected startups. The application process is open until October 8, 2023. Ecosphere aims to support startups working on various sectors within Climate Tech, such as energy, water conservation, waste management, and more. The initiative also offers mentorship, market access, and visibility opportunities. Notable institutional investors associated with Ecosphere include Thinkuvate, Transition Venture Fund, Indian Angels Network, and Climate9ers.

India Accelerator, V S Fortune launch Rs 100 Cr LeapFWD program for 10 proptech startups

EntrackrEntrackr · 7d ago
India Accelerator, V S Fortune launch Rs 100 Cr LeapFWD program for 10 proptech startups
Medial

India Accelerator, V S Fortune launch Rs 100 Cr LeapFWD program for 10 proptech startups India Accelerator (IA), a multistage fund-led accelerator, in collaboration with V S Fortune, has launched LeapFWD, a sector-focused accelerator program designed to identify, nurture, and scale high-potential startups driving innovation in the proptech and construction tech sectors. The initiative aims to bridge the gap between innovation and industry adoption by empowering ten promising startups working at the intersection of technology, sustainability, and construction efficiency. Through a four-month accelerator program, startups will gain access to structured mentorship, business development opportunities, and a joint funding pool of Rs 100 to 150 crore, supported by IA, V S Fortune, and their investor networks. LeapFWD will serve as a launchpad for startups developing solutions in areas such as smart real estate, automation in construction, sustainable materials, and digital infrastructure. Participating startups will also have the opportunity to pilot their innovations with real estate developers, infrastructure companies, and other ecosystem partners. The program will culminate in a Demo Day, where founders will pitch their solutions to a curated audience of investors, industry leaders, and corporate partners. The first LeapFWD cohort will begin in December 2025 and run until March 2026, concluding with a Demo Day where participating startups will present their innovations to investors, corporates, and ecosystem stakeholders. Founded in 2017, India Accelerator is a multistage, fund-led accelerator recognized as one of India’s leading platforms for nurturing startups across diverse sectors. With expertise in defense tech, artificial intelligence, energy, mobility, sustainability, health tech, and consumer domains, IA provides startups with mentorship, industry linkages, capital access, and global networks. V S Fortune is a strategic advisory and business management firm focused on real estate and construction. The firm partners with enterprises, investors, and entrepreneurs to drive sustainable growth through innovation, collaboration, and ecosystem partnerships.

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