Sunday, April 28, 2024
Outlook.com
Outlook India
Outlook Business

SanchiConnect Led PreSeed Accelerator Invests In Six Start-Ups

The PreSeed Accelerator investment programme will provide Rs 75 lakh to six selected start-ups

SanchiConnect Led PreSeed Accelerator Invests In Six Start-Ups
POSTED ON August 22, 2023 2:40 PM

SanchiConnect, a business-oriented community focusing on deep-tech start-ups, investors and corporations, has unveiled its PreSeed Accelerator investment programme. Under the initiative, six selected start-ups will receive Rs 75 lakh as investment. They will also get 100 days of market access support, mentorship, and strategic guidance.

The selected start-ups include EVhicle, Simactricals, Dockervision, Swappdesign, PerUse, and The Energy Company. They were selected from 552 applicants from across the country. 

"Today, we mark a pivotal moment in our mission to champion innovations in deep and emerging tech," said Dr. Sunil Shekhawat, CEO of SanchiConnect. "Our PreSeed Accelerator program, in partnership with esteemed micro venture capitalists (VCs) and industry stakeholders, is poised to empower these startups to redefine the future of green mobility," he added.   

The initiative was backed by Micro VC Partners, Ev2 Ventures, Sea Fund and ThinKuvate. The accelerator was launched in partnership with Yamaha Motors Solutions India, Desai and Diwanji Law Firm and IDFC First Bank.  

Speaking on the pre-seed funding Mayuresh Raut, managing partner at Seafund, said, “We are extremely bullish about the 6 startups that we are backing in this program. It is a great representation of Indian entrepreneurs using their domain understanding and technical skills to solve India-specific problems in mobility that are going to change the face of this industry in the coming days.” 

  • Related Articles

    Trusted by over 100 travel agents and travel companies, the platform targets to process 1,00,000 visas within the year 2023

    TravelTech Start-Up Teleport Raises Rs 4.15 Crore In Pre-Seed Round

    The second edition of the event will host a multichain, multiprotocol hackathon, where developers can win bounties

    Web3 Entrepreneurs Could Snag $1 Million Investment At CoinDCX Unfold 2023

    Grip launched its first SDI product in October 2022 and claims that it has successfully enabled over 100 crore in investments

    Grip Launches InvoiceX And LoanX, Eyes Rs 750 Crore Investment