Venttup, a Chennai, India-based B2B engineering services startup that is building a global network of scalable manufacturing capacities with India at its epicentre, raised an undisclosed amount in Seed funding.
The round was led by Unicorn India Ventures.
The company intends to use the funds for business growth and technology development for indigenization.
Founded by Sandeep Nair (Co-Founder & CEO), M. Wasim Ankli (Co-Founder & COO), and Joseph Panakkal (Co-Founder & CMO), 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 customized, complex components across the energy, EV, aerospace, and defense sectors, driving India’s manufacturing industry toward self-reliance and sustainable growth.
The company has achieved INR 2 Crore ARR and an INR 20 Crore pipeline since its launch in 2023. Over the next 12 months, Venttup aims to increase its revenue fivefold by building the 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.
FinSMEs
16/09/2024