In an exciting development for the DeepTech startup ecosystem, SanchiConnect, a promising accelerator, has successfully raised funding from notable investors including Baring Private Equity Partners-India, Seafund, and 8X Ventures. The exact amount raised remains undisclosed, but it marks a significant step forward for the firm.
Aiming for Expansion and Enhanced Offerings
Founded in 2022, SanchiConnect originally started as a community builder before shifting its focus to software development. The firm aims to create solutions that support startups and accelerators in their growth journeys. With this new funding, SanchiConnect plans to enhance its software offerings and expand its reach throughout India, the Asia-Pacific (APAC) region, and the Middle East.
Innovative SaaS Solutions for Startups
SanchiConnect has developed a SaaS platform called SanchiSaaS, designed to simplify and automate the startup incubation process. This allows program offices to focus on more impactful activities, aligning with a growing trend in which accelerators and incubators globally are increasingly leveraging software tools for startup growth—a trend that is gaining traction in India.
Dr. Sunil Shekhawat, CEO and Co-founder of SanchiConnect, expressed enthusiasm about the future: “With this funding, we plan to strengthen our software suite to enable different formats of startup support. We are also keen on integrating artificial intelligence (AI) to enhance user engagement and deliver even greater value.”
Investors Show Strong Support
The backing from key investors underscores the confidence in SanchiConnect’s vision. Rahul Bhasin, Managing Partner of Baring PE Partners-India, remarked, “We seeded the idea of SanchiConnect three years ago to strengthen the early-stage deep tech startup ecosystem. Seeing its evolution and positive impact on the industry fills us with pride.”
Chirag Gupta, Managing Partner at 8X Ventures, shared similar sentiments: “Our interest in SanchiConnect grew significantly after our meeting with Dr. Sunil in 2022. We’re thrilled to partner with them in enhancing the enablers of this industry through optimal technology.”
Manoj Agarwal, Managing Partner at Seafund, noted, “We have closely followed SanchiConnect’s work in startup acceleration and community building. The launch of their SaaS platform and its adoption by leading incubators and corporate programs gave us the confidence to invest in their journey.”
Looking Ahead
With the new funding, SanchiConnect is well-positioned to strengthen its software tools and expand its influence in the startup ecosystem. The focus on AI integrations and regional growth highlights the firm’s commitment to staying ahead in a rapidly evolving market.
As SanchiConnect continues to innovate and support emerging startups, it aims to become a vital player in the DeepTech landscape, helping entrepreneurs navigate their journeys with effective, technology-driven solutions.
