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Unicorn India Ventures has provided preliminary funding to Venttup, a pioneering Industries 5.0 startup that is dedicated to the development of a global network of scalable engineering and capacities, with India serving as its epicenter.
The funds will be allocated to the Indigenisation Program Management to facilitate the acceleration of business growth and technological advancements.
Venttup's objective is to transform the manufacturing sector by consolidating millions of manufacturing MSMEs onto a single digital platform. Venttup enhances operational efficacy by providing these businesses with a supply chain.
Venttup facilitates the outsourcing of engineering requirements for large enterprises, while simultaneously enabling them to mitigate their carbon footprint by implementing sustainable practices and cloud manufacturing. It provides localized production of highly customized, complex components and critical engineering solutions for the energy, EV, aerospace, and defense sectors.
Since its inception in 2023, the organization asserts that it has generated Rs 2 crore in annual revenue and has an order pipeline of Rs 20 crore. Through the acquisition of at least 50 new clients, it intends to increase its revenue by fivefold within the next twelve months.
About Venttup
Founded in 2021 by Sandeep Nair, M. Wasim Ankli, and Joseph Panakkal, VENTTUP (Venttup Ventures Pvt Ltd), is an innovative B2B startup located in India, is committed to revolutionizing the manufacturing sector through localization and placing a strong emphasis on sustainability.
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