SanchiConnect, YourNest VC Invest Rs 48 Cr In 8 Deeptech Startups

SanchiConnect, a deeptech enablement network, has teamed up with YourNest Venture Capital to invest Rs 48 crore in eight startups through its Velocity Accelerator Programme.

The company said this initiative is the largest deeptech funding cohort of 2024. The seven-month-long program received 1,280 applications from 23 states and six union territories. The selected startups were chosen for their potential to disrupt sectors like manufacturing, logistics, agriculture, healthcare, enterprise solutions, and artificial intelligence.

Along with the funding, the Velocity Accelerator Programme provides startups with expert mentorship, market strategies, and access to industry leaders.

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“Dr Sunil K Shekhawat, Founder and CEO at SanchiConnect, said,"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."

The Velocity Accelerator Programme has selected the following startups include, LeanWorx provides cloud-based systems to monitor productivity in manufacturing; Induz uses AI tools to automate and organize large-scale enterprise data; Think Metal has created a compact, affordable 3D metal printer that claims to produce items 10 times faster at half the cost; Presage Insights uses advanced AI for predictive analytics to help industries make better decisions; CargoFL offers AI-powered logistics solutions to streamline supply chains and boost efficiency; Superfone is an app-based platform that gives small businesses a phone number integrated with business software.

About SanchiConnect

Founded in 2022 SanchiConnect supports startups by helping with investor outreach, mentorship, and corporate networking. Moving into the DeepTech sector, it has built a platform to create a strong and connected community.

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