SanchiConnect, a deep-tech enablement network, has partnered with YourNest Venture Capital to invest ₹48 crore in eight innovative startups under its Velocity Accelerator Program. The acceleration program is designed to give a boost to transformative ideas, thereby promoting economic growth across different sectors such as manufacturing, logistics, agriculture, healthcare, enterprise solutions, and artificial intelligence.
PC: Yourstory.com
Velocity Accelerator Program
Launched to exploit the power of new technologies, the Velocity Accelerator Programme has witnessed an impressive turnout of 1,280 applications from entrepreneurs in 23 states and six union territories. Through a thorough selection process, eight startups have been shortlisted on the grounds of disruptive potential and novel solutions for solving real-life problems.
Chosen Startups and Innovation
The selected startups cover sectors and technologies from various sectors:
- Induz: An AI tools-based startup, Induz automates and unifies large-scale enterprise data with increased operational efficiency and data management.
- LeanWorx: Specifically focused on the manufacturing segment, LeanWorx provides cloud-based productivity monitoring systems that make processes efficient while creating efficient forces for organizations.
- Think Metal. This is compact and cost-effective 3D metal printer promising manufacturing revolution through tenfold speeded up production at half the costs of the traditional approach.
- Presage Insights. Presage Insights claims to be a firm improving decision-making in any and all industries by using state-of-the-art AI-driven predictive analytics to give actionable insights.
- Superfone: This app-based platform provides business phone numbers to SMBs, integrating telephony with business software for better communication.
- CargoFL: With AI-driven logistics solutions, CargoFL optimizes supply chains and improves operational efficiency, making it a significant player in the logistics sector.
Two more startups complete this excellent batch, each bringing in unique innovations and solutions to the market.
All-round Support for Startups
The Velocity Accelerator Program supports startups with funding and equips them with the necessary resources for growth. Participants get expert mentorship, strategic go-to-market guidance, and connections with industry leaders. This holistic approach is designed to help them navigate challenges, scale up their operations, and benefit from global opportunities.
About SanchiConnect and YourNest Venture Capital
SanchiConnect was founded in 2022 and focuses on empowering startups through key initiatives such as investor outreach, mentorship, and corporate networking. The platform has built a robust community of over 3,000 startups, investors, mentors, and corporates to foster collaboration and knowledge sharing.
YourNest Venture Capital, founded in 2011, focuses on early-stage investments in deep-tech and enterprise-oriented startups. It aims to discover and incubate disruptive technologies across sectors, such as artificial intelligence, the Internet of Things, robotics, and augmented/virtual reality.
This investment by SanchiConnect and YourNest marks an important step towards supporting innovative startups with potential for major impact in diverse industries. By providing not just capital but also mentorship and resources, the Velocity Accelerator Program is working to nurture a new generation of entrepreneurs who will drive technological advancement and economic growth in India. Initiatives like these in the evolving startup ecosystem shine a light on the possibility of innovation and collaboration that will shape the future of business in the country.
