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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.

Enerzi raises Rs 16.5 Cr in seed round led by Capital-A

EntrackrEntrackr · 12d ago
Enerzi raises Rs 16.5 Cr in seed round led by Capital-A
Medial

Enerzi raises Rs 16.5 Cr in seed round led by Capital-A Methane-to-hydrogen platform Enerzi has raised Rs 16.5 crore (around $2 million) in a seed round led by Capital-A, with participation from 8x Ventures and angel investors. The proceeds will be used to expand Enerzi’s manufacturing capacity and grow its engineering and plasma science teams. It will also accelerate commercial deployment of its hydrogen and nanocarbon platform in India and international markets. Based in Belagavi, Enerzi is building a methane-to-hydrogen platform using microwave plasma reactors. The system converts methane into clean hydrogen and produces solid carbon nanopowder as a co-product. This strengthens hydrogen economics and creates applications across batteries, composites, and materials engineering. Enerzi develops microwave–plasma systems for clean hydrogen production and engineered carbon materials. It also manufactures industrial microwave-based heating systems for rubber processing, polymer curing, foundry drying, and materials engineering. The company’s work in hardware design, materials science, and process engineering forms the base for its shift into methane plasmolysis. Enerzi is part of Maxcel, an accelerator programme launched by Capital-A and SanchiConnect for hardware and industrial technology startups. The programme received more than 2,000 applications, and Enerzi is among its selected companies.

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