SanchiConnect & YourNest VC Announces Funding for 8 DeepTech Startups

In a bold move to transform India’s deeptech ecosystem, SanchiConnect has teamed up with YourNest Venture Capital to inject a massive Rs 48 crore into eight emerging startups. This investment marks one of the largest deeptech funding cohorts of 2024, and it could be the catalyst for a wave of innovation set to disrupt industries ranging from manufacturing to artificial intelligence. But what sets this funding apart, and why should you care?

TICE decodes how this collaboration is changing the startup landscape and what these disruptive companies are bringing to the table.

Funding for Deeptech Startups

The Velocity Accelerator Programme, which kicked off with a flood of 1,280 applications from 23 states and six union territories, has been a launchpad for India’s next wave of tech innovators. But how did the startups make the cut? The programme’s selection process was rigorous, focusing on companies with disruptive potential across key sectors, such as AI, logistics, healthcare, and enterprise solutions.

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“This partnership goes beyond funding; it’s about shaping the future of India’s tech landscape,” said Dr. Sunil K. Shekhawat, Founder and CEO of SanchiConnect. "We provide not just capital, but a robust framework for growth that ensures these startups have the tools to succeed in an increasingly competitive market."

The Future of DeepTech is Here

The eight selected startups are not just promising—they are pioneering revolutionary solutions. From AI-driven data management to cost-effective 3D printing, here’s a glimpse into the future they are creating:

1. Induz is leveraging AI to streamline enterprise data, promising faster and more unified insights.
2. LeanWorx is setting new standards in cloud-based productivity for the manufacturing sector.
3. Think Metal is disrupting 3D metal printing, delivering faster production at a fraction of the cost.
4. Presage Insights uses predictive analytics to enhance decision-making across industries.
5. Superfone is revolutionizing SMB communication with an integrated platform combining telephony and business software.
6. CargoFL is optimizing supply chains through AI-powered logistics solutions, making businesses more efficient and cost-effective.

These startups represent the cutting-edge of India’s tech revolution, and they’re set to have a global impact.

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Velocity: More Than Just Investment

What makes the Velocity Accelerator Programme unique? It’s not just the Rs 48 crore in funding—it’s the expert mentorship, go-to-market strategies, and access to a powerful network of industry leaders that each startup receives. The four-day immersive bootcamp at IIT Kanpur’s Noida campus adds another layer of value, with workshops on leadership, branding, and team-building designed to foster both professional and personal growth.

Unlocking India’s DeepTech Potential

As India stands at the forefront of deeptech innovation, Sunil Goyal, Managing Director of YourNest Venture Capital, believes that initiatives like Velocity are key to unlocking the country’s true potential.

"The diversity of this cohort, combined with SanchiConnect’s technological expertise, shows how collaboration can lead to scalable, real-world solutions," he said.

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This partnership isn’t just about funding—it’s about empowering the next generation of entrepreneurs to tackle global challenges with cutting-edge solutions.

With these eight startups ready to make waves in industries ranging from AI to logistics, it’s clear that India’s deeptech future is brighter than ever. And this is just the beginning.

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