By Entrackr
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 will be used for accelerating business growth and technology development for Indigenisation Program Management, Venttup said in a press release.
Founded by Sandeep Nair, M. Wasim Ankli, and Joseph Panakkal, Venttup aims to revolutionize the manufacturing landscape by uniting millions of manufacturing MSMEs on a single digital platform. By equipping these businesses with a supply chain, Venttup boosts operational efficiency.
Venttup assists large enterprises in outsourcing their engineering needs while enabling them to reduce their carbon footprint through cloud manufacturing and sustainable practices. It offers localized production of critical engineering solutions and highly customized, complex components across the energy, EV, aerospace, and defense sectors.
The company claims that it has achieved Rs 2 crore ARR and an order pipeline of Rs 20 crore since its launch in 2023. It aims to boost its revenue 5x in 12 months by securing at least 50 new clients.