Industries 5.0 Startup Venttup raises seed funding from Unicorn India Ventures

Mumbai/Bengaluru, 16th September 2024 – Venttup, a pioneering Industries 5.0 startup focused on building a global network of scalable engineering and  capacities with India at its epicentre, has raised seed funding from Unicorn India Ventures. The funds raised will be used for accelerating business growth and technology development for Indigenisation Program Management.

Founded by industry veterans with extensive experience at Hitachi Energy, Siemens, L&T, and Kalpataru Power, Sandeep Nair (Co-Founder & CEO), M. Wasim Ankli (Co-Founder & COO), and Joseph Panakkal (Co-Founder & CMO), Venttup is built on the principles of localization and sustainability. The company aims to revolutionize the manufacturing landscape by uniting millions of manufacturing MSMEs on a single digital platform. By equipping these businesses with a resilient, sustainable supply chain, Venttup not only boosts operational efficiency but also champions environmental responsibility.

Venttup assists large enterprises in outsourcing their engineering needs while enabling them to reduce their carbon footprint through cloud manufacturing and sustainable practices. They offer localized production of critical engineering solutions and highly customized, complex components across the Energy, EV, Aerospace, and Defense sectors, driving India’s manufacturing industry toward self-reliance and sustainable growth.

Commenting on the investment, Bikram Mahajan, Partner, Unicorn India Ventures, says “Venttup is addressing a major gap in the fragmented industrial B2B services market by building a scalable, transparent platform that redefines how India’s manufacturing sector operates. As India emerges as a $1 trillion manufacturing powerhouse, Venttup’s emphasis on predictable capacity utilization, traceability and localization delivers a much-needed solution for OEMs looking for reliable, long-term partners. Their digital-first approach to outsourced enterprise-grade capex at scale is setting new benchmarks in transparency and operational efficiency. We believe Venttup is poised to drive a significant shift in the manufacturing landscape.”

Venttup, which has achieved an ARR of Rs 2 crore and an order pipeline of Rs 20 crore, works with Fortune 100 companies across diverse sectors like aerospace, green hydrogen, clean energy and shipbuilding.

Sandeep Nair, Co-Founder & CEO of Venttup Ventures, says, “Venttup tackles a major manufacturing challenge by reducing reliance on imported components – by promoting the China Plus One strategy and aligning with government initiatives to increase local content in critical projects. This enables Venttup to offer a comprehensive resource pool for the end-to-end program management of component localization. We aim to create a single platform for global buyers to source quality, proven products from India, driving the country’s transformation into a global manufacturing hub.”

Having been bootstrapped until this round, this investment marks a significant milestone in Venttup’s journey, providing the resources required to fuel its global expansion plans.

Venttup aims to expand its domestic footprint by establishing operations across India while also positioning India as a premier sourcing hub for global buyers. The company plans to leverage India’s manufacturing capabilities to enter high-growth international markets, with a focus on the Middle East & Africa, Europe, and North America. By executing this multi-pronged strategy, Venttup seeks to unlock new revenue streams, foster global partnerships, and solidify its position as a leading exporter of Indian-manufactured components.

The Company recently launched new business verticals designed to set it apart in the competitive manufacturing landscape. Among these, is the GATE Process, a proprietary methodology mirroring Agile/Scrum principles, ensuring structured progress in component localization. The company has introduced a range of sustainable products, including an Evaporative Cooling system tailored for industrial and commercial applications. Venttup has also launched an ESG advisory business aimed at empowering MSMEs to enhance their environmental, social, and governance initiatives, further driving sustainable growth and operational efficiency.

Over the next 12 months, the company aims to increase its revenue fivefold by building a high-performing team, attracting a diverse clientele, and expanding its reach into new markets. On the clients front, Venttup aims to add 50 new customers to its platform.