SanchiConnect has teamed up with YourNest Venture Capital to invest INR 48 crore (around $6 million) in eight innovative startups through the Velocity Accelerator Program.

This initiative is being hailed as the largest DeepTech funding program of 2024 in India, solidifying Velocity's reputation as a leading accelerator for advanced technologies.

The Velocity Accelerator Program attracted significant interest, receiving 1,280 applications from across 23 states and six Union Territories.

Beyond funding, the program offers invaluable resources such as mentorship, market strategies, and industry access, highlighted by a four-day boot camp hosted at IIT Kanpur’s Noida Campus.

Sunil Goyal, Managing Director of YourNest, emphasized that such collaborative programs are essential for unlocking India's deep-tech potential and creating scalable solutions.

The selected startups were chosen for their innovative capabilities in various sectors, including artificial intelligence, manufacturing, logistics, healthcare, and agriculture.

Among the chosen startups are Induz, which utilizes AI to enhance enterprise data management; LeanWorx, which provides cloud solutions to boost manufacturing productivity; and Think Metal, known for its fast and cost-effective 3D metal printing technology.

Other notable participants in the program include Superfone, an app-based platform for business telephony, and CargoFL, which leverages AI to optimize supply chains.

SanchiConnect, founded in 2022, has established connections with over 3,000 entities within the deep-tech ecosystem, while YourNest, established in 2011, focuses on early-stage investments in transformative technologies.