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SanchiConnect and YourNest Invest Big in India’s Deeptech Startups In a game-changing move for India’s deeptech startup scene, SanchiConnect, in collaboration with YourNest Venture Capital, has committed a
In a game-changing move for India’s deeptech startup scene, SanchiConnect, in collaboration with YourNest Venture Capital, has committed a whopping Rs 48 crore (around $6 million) to support eight innovative startups. This investment is part of the Velocity Accelerator Program (VAP), a unique initiative designed to fuel the growth of emerging companies in sectors like AI, healthcare, logistics, and manufacturing.
The funding marks a significant milestone in India’s startup ecosystem, underscoring the growing importance of deeptech innovation in the country’s future.
The Velocity Accelerator Program (VAP) is a seven-month-long initiative aimed at accelerating high-potential startups. The program supports emerging companies working on disruptive technologies that can transform industries. The startups selected for VAP are given access to mentorship, funding, and resources that help them scale their businesses.
Key sectors for investment include:
With a mission to drive economic growth, VAP focuses on nurturing ideas that could reshape India’s technological landscape.
The 2024 cohort of VAP is one of the largest deeptech funding programs in the country. A total of 1,280 applications came from all over India, spanning 23 states and 6 union territories. After a rigorous selection process, only eight startups were chosen for their innovative potential.
This represents a huge opportunity for India’s deeptech ecosystem, positioning these startups at the forefront of cutting-edge technologies.
Here are the eight startups that received funding and support as part of the VAP initiative:
These startups are not just working in isolated sectors—they are all part of a bigger movement to advance technology and innovation in India.
While the funding is undoubtedly important, the VAP program offers much more than just money. Participating startups receive:
This holistic support is designed to accelerate the growth of early-stage companies, preparing them for long-term success.
Dr. Sunil K. Shekhawat, CEO of SanchiConnect, emphasized the comprehensive role the program plays in nurturing startups. He shared, “Our role goes beyond funding; we provide insights, mentorship, and resources to help startups thrive. We focus on fostering impactful, early-stage innovations.”
Sunil Goyal, Managing Director of YourNest Venture Capital, echoed this sentiment. He said, “The diversity in this cohort showcases the power of collaboration in creating scalable, real-world solutions. We are excited to help these startups realize their full potential.”
One of the key themes emerging from the VAP initiative is the power of collaboration. SanchiConnect, founded in 2022, has quickly built a community of over 3,000 stakeholders, creating a platform that connects startups with investors, mentors, and resources. Its mission is to help deeptech startups grow, scale, and succeed.
YourNest Venture Capital, established in 2011, has been a key player in fostering innovation in areas like AI, IoT, robotics, and cloud-based solutions. By investing in these early-stage companies, YourNest is helping drive India’s future in transformative technologies.
This massive investment is a clear sign that India’s deeptech ecosystem is rapidly growing and attracting significant global attention. With a rich talent pool and increasing access to resources, Indian startups are ready to lead the charge in the next wave of global innovation.
By supporting these startups, SanchiConnect and YourNest are contributing to the future of AI, manufacturing, logistics, and other emerging technologies in India. This will not only boost the country’s economy but also position it as a leader in global innovation.
The VAP initiative by SanchiConnect and YourNest is more than just an investment in startups—it’s an investment in the future of India’s technological landscape. With funding, mentorship, and a strong network of experts behind them, these eight startups are poised to make a significant impact across various industries.
As India continues to develop its deeptech ecosystem, we can expect to see even more innovation, collaboration, and success stories that will inspire future generations of entrepreneurs and innovators.
