Venttup Revolutionizes Manufacturing Landscape with Seed Funding from Unicorn India Ventures
Mumbai, India – Venttup, a cutting-edge Industries 5.0 startup, has secured seed funding from prominent venture capital firm Unicorn India Ventures. The investment will be used to fuel the company’s growth and enhance its technology capabilities for its innovative Indigenisation Program Management.
Founded by a visionary team of Sandeep Nair, M. Wasim Ankli, and Joseph Panakkal, Venttup is on a mission to transform the manufacturing sector by connecting millions of Micro, Small, and Medium Enterprises (MSMEs) on a single digital platform. By providing these businesses with a seamless supply chain, Venttup empowers them to boost their operational efficiency and take their production to the next level.
The company offers a range of services, including engineering outsourcing, cloud manufacturing, and sustainable practices, to large enterprises. This enables them to reduce their environmental footprint and focus on their core strengths. Venttup specializes in localized production of critical engineering solutions and highly customized components across various sectors, including energy, electric vehicles (EV), aerospace, and defense.
Since its launch in 2023, Venttup has achieved an impressive annual recurring revenue (ARR) of Rs 2 crore and a substantial order pipeline of Rs 20 crore. The company aims to expand its revenue fivefold in the next 12 months by securing at least 50 new clients.
With Unicorn India Ventures’ backing, Venttup is poised to further accelerate its growth and make a significant impact on the manufacturing landscape in India and beyond.
