SBI Ventures Limited’s Post

In an interesting conversation yesterday with one of very amazing and witty people I've known we came up with something "India has brilliant minds, brilliant business and technical minds, risk taking and return making minds but India lacks significant number of minds to comprehend those minds to make visions reality faster and more refined from day 7". -Sameep Tripathi Being selected for Biotechnology Industry Research Assistance Council (BIRAC) #BIG #big #grant and being there till final round pitching in front of jury with prominent investors too on the committee (making case stronger for Carrus Mobility Solutions ) we still couldn't get those crucial 50 Lacs in December 2023 which could have taken company leaps and bounds by now just because committee said they didn't have right expertise to come to a conclusion (this presentation was in SIIC IIT Kanpur by the way and I went in person there). Is not having expertise a fault of the startup? Is it good to waste time and resources of a startup which needs those grants and that infrastructure? I'm applying again and looking for an institution partner with whom we could get this grant and get to market in this Financial Year itself as we have our R&D done to a significant extent. The thematic areas have aligned with us since 2021 (first time I applied) and are now more than ever aligning. Hence, I hope this time we go beyond the final round and sign a termsheet with DST. #birac #big #partner #institution #funding #fundraising #grant #ccd #grants #govtgrants #startup #biotech #agritech #supplychain #coldsupplychain #carrusmobilitysolutions #immediate #raise #raising

🎈 Even Healthcare raises $20 Mn (approx Rs 169 Crore) After A Gap Of 20 months 🎈 ▶ Khosla Ventures led the round with Rs 83.4 crore or $10 million while Pathfinder and Mercury Fund invested Rs 21.3 crore and 26.9 crore, respectively. 8VC, Rainmatter by Zerodha, and others cumulatively injected the rest amount. ▶ According to insights from TheKredible, Even has been valued at approximately Rs 753 crore (roughly $91 million) following this allotment. The valuation reflects investor confidence and market optimism regarding the company’s sustainable growth trajectory in a sector characterized by rapid transformation and digital innovation. ▶ Launched by Mayank Banerjee, Matilde Giglio and Alessandro Davide Ialongo, Even offers subscription-based plans to cover diagnostics, consultations, and hospitalization costs of up to Rs 50 lakh. Even also provides personalised managed care programmes, supported by an intuitive card system that facilitates cashless transactions in partner hospitals and laboratories. 🔽 Read the article below (covered exclusively by Entrackr and contributed by Kunal Manchanda) to learn more! https://lnkd.in/e_GMqtxV #FlyHigh with #VentureVultures #IndiaPE #IndiaVC #Healthcare #DigitalHealth #PE #VC

IndusDC aims to reduce 1 gigatonne of #CO2 emissions by 2035, with Rs 100 crore of blended finance allocated for #tech startups in industrial and energy sectors for FY25 and FY26: 1️⃣ The venture studio plans to co-found and build five startups in the next two years and over 50 globally within a decade, providing each startup with Rs 20 crore in capital for tech development #grants, #equity until profitability, and #debt for scaling. 2️⃣ Founders: Kushant Uppal, Satyanarayanan Seshadri, and Kaustubh Hanmantgad (Kau). Initial commitment secured from Mirik Gogri of Spectrum Impact, the family office of Aarti Industries Ltd promoters. 3️⃣ Additional financial backing to be secured in FY25, with angel investors Ashish Gupta of Helion Ventures and Sri Myneni. 4️⃣ Current initiatives include collaborating with Indian Institute of Technology, Madras to build three hard-tech #startups, with plans to identify and develop further ventures through partnerships with other technology and research institutes. #EntrepreneurshipStudio

Thanks to the #StartupMahakumbh #nasscom and the team for organising this discussion on such an important topic. More than a discussion it was also a learning experience for me to understand the unique challenges a deeptech startup faces in the IP sector. Thanks to the panellist Subrat Panda, PhD, and Ramya Yellapragada and of course our moderator, Prof Surya S Durbha for curating the discussion. Here’s a quick recap on the key points discussed: 🚀 Unified IP Framework to simplify the IP process, making it more accessible for innovators and entrepreneurs in the deep tech domain. 🔍 Awareness and Guidance on IP Eligibility for Deep Tech to ensure that the unique facets of deep tech innovations are adequately protected under IP ⚖️ Patent vs. Trade Secret for strategic decision-making for deep tech inventions. 🛡️ Offensive and Defensive IP strategies for deeptech startups to secure a competitive edge through broad patent filings versus focusing on the importance of protecting their IP and carefully navigating IP challenges, avoiding infringement risks. 🔍 Freedom to Operate (FTO) analysis before launching products or entering new markets thereby identifying potential IP barriers, ensuring that startups can operate without infringing on existing patents. 🔓 Discussions on Open Source and IP Conflicts that help to navigate the complex terrain of balancing open-source contributions with IP protection, advocating for strategies that allow innovation to flourish. This dialogue not only addressed the pressing issues of IP protection and technology transfer but also charted a course towards fostering an ecosystem where deep tech startups can flourish. nasscom startups nasscom, Ramya Yellapragada Prof Surya Durbha, Subrat Panda, PhD, BITS-Technology Enabling Centre (BITS-TEC), BITS Pilani Research & Innovation, BITS Pilani

CEEW @ Startup Mahakumbh! What role does innovation play in accelerating the energy transition? In a stimulating discussion on 'Decoding Energy Transition' at Startup Mahakumbh, our CEO, Arunabha Ghosh shared his insights on the the market opportunity arising within the energy transition, the need for technology co-development and how the startup ecosystem can become a catalyst to enable innovation in clean tech. ASSOCHAM (The Associated Chambers of Commerce and Industry of India) Department for Promotion of Industry and Internal Trade Startup India Invest India SIDBI(Small Industries Development Bank of India) #cleanenergy #cleantech #energytransition

Exciting news in the sustainability sector! TapFin, a Mumbai-based platform offering financing and insurance services to startups and MSMEs in the sustainability ecosystem, has secured $4 million in seed funding led by Elevar Equity. Founded in 2023 by Terniza Berry, Aditya S., and Pramod Marar, Tapfin aims to expand its market reach and enhance technological capabilities with the newly acquired capital. The platform not only facilitates financing and insurance but also fosters an ecosystem among sustainability companies, offering services like demand aggregation and market linkages. Ternizza Berry, Tapfin's co-founder, highlights the importan ce of supporting MSMEs and startups driving sustainability initiatives. With a focus on clean mobility initially, Tapfin plans to diversify into other verticals such as solar energy. Additionally, the platform intends to expand its presence beyond key metropolitan areas like Mumbai and Delhi NCR to tier 2 and tier 3 cities across India. This funding marks a significant milestone for Tapfin, underscoring its commitment to empowering sustainability-focused enterprises and fostering innovation in the sector. #Tapfin #Sustainability #SeedFunding #ElevarEquity #StartupFunding #MSMEs #CleanMobility #RenewableEnergy #TechInnovation #BusinessGrowth #EmpoweringEnterprises #MarketExpansion #InvestmentOpportunity

Exciting news from the spacetech frontier! Bengaluru-based startup SatSure has secured undisclosed capital in its Series A funding round, co-led by Baring Private Equity Partners (BPEP), India, and Promus Ventures. TransUnion also participated in the round, acquiring a minority stake in the company. This investment marks a significant milestone for SatSure, empowering the startup to drive innovation in its product offerings. Founder and CEO Prateep Basu emphasized the shared vision of leveraging technology to foster financial inclusion in agriculture finance. The partnership between SatSure and TransUnion has already borne fruit with the launch of the CIBIL Credit & Farm Report (CCFR) in 2022. This solution provides lenders with comprehensive credit, crop, and land information, facilitating improved access to finance for farmers. Rajesh Kumar, MD and CEO of TransUnion CIBIL, highlighted the potential of their collaboration to drive sustainable financial inclusion in India's agricultural sector. Founded in 2017, SatSure utilizes satellite data to provide decision intelligence across various sectors, including BFSI, agriculture, and infrastructure. This latest funding round adds to the momentum generated by previous investments, positioning SatSure for continued growth and impact in the burgeoning spacetech landscape. Exciting times ahead as SatSure advances its mission to revolutionize the intersection of technology and agriculture! #SatSure #Spacetech #Funding #Innovation #FinancialInclusion #AgricultureFinance

Exciting news in the startup ecosystem: ONO, an agritech platform, secures Rs 11 crore in seed funding led by Aeravti Ventures to bolster India's agricultural supply-chain. Filter Capital closes its inaugural fund at Rs 800 crore, with a focus on technology investments. Meanwhile, Planys Technologies raises $4 million in pre-Series A funding for its deeptech endeavors. #StartupFunding #Agritech #VentureCapital #Deeptech #iAccelerate #Rama Kancharapu, MBA #Hemanth Balleda #Shubham Jhuria #Tanuj Jhunjhunwala #Vineet Upadhyay

Baring Private Equity Partners India (BPEP), and Promus Ventures have co-led an undisclosed Series A funding round for Bengaluru-based startup SatSure. TransUnion also participated in the round, acquiring a minority stake in the company. This investment signifies a significant milestone for SatSure, enabling the startup to enhance its product offerings through innovation. Founder and CEO Prateep Basu highlighted the shared vision of utilizing technology to promote financial inclusion in agriculture finance. The partnership between SatSure and TransUnion has already yielded results with the introduction of the CIBIL Credit & Farm Report (CCFR) in 2022. This solution equips lenders with comprehensive credit, crop, and land information, facilitating improved access to finance for farmers. Rajesh Kumar, MD and CEO of TransUnion CIBIL Limited, underscored the potential of their collaboration to drive sustainable financial inclusion in India's agricultural sector. Established in 2017, SatSure leverages satellite data to provide decision intelligence across various sectors, including BFSI, agriculture, and infrastructure. This latest funding round builds upon previous investments, propelling SatSure towards sustained growth and impact in the dynamic spacetech landscape. Exciting developments lie ahead as SatSure continues its mission to transform the intersection of technology and agriculture! #startup #funding #fundraiser #fundraisingalert #agriculture #technology #spacetech #satsure #agriculturefinance #finance #allboutcorps

Funding Highlights: India Startups Raise Millions This Week! September 30 to October 4 witnessed significant funding rounds across various sectors. Conscious Chemist, #Waycool, #TrooGood, #str8bat, and Ai Health Highway secured investments aimed at growth, digital expansion, and enhanced operational capabilities. This surge in funding highlights the continued investor confidence in India's dynamic start-up ecosystem, particularly in agri-tech, health-tech, and sports technology. #AMR #FundingBrief #StartupEcosystem #VentureCapital #IndiaStartups #TechInnovation #AgriTech #HealthTech #SportsTech #InvestmentNews