- Venttup is an innovative B2B engineering services startup, establishing a global network of scalable manufacturing capabilities, with India at its core.
- The company delivers sustainable, localized industrial solutions to an elite client roster, which includes several Fortune 100 companies.
- Since its 2023 launch, Venttup has achieved an annual recurring revenue (ARR) of INR 2 crore, with a strong order pipeline of INR 20 crore.
- Venttup aims to grow its revenue fivefold in the next 12 months by onboarding 50 new clients, including Fortune 500 companies, and expanding into high-growth regions like MENA.
- The newly raised funds will be utilized for business expansion and technology development, focused on indigenization efforts.
Mumbai/Bengaluru, September 16, 2024 – Venttup, a pioneering Industry 5.0 startup aiming to build a global network of scalable engineering capabilities, with India at its core, has successfully raised seed funding from Unicorn India Ventures. The funds will accelerate Venttup’s business growth and technology development for its Indigenisation Program Management.
Founded by industry veterans from leading firms like Hitachi Energy, Siemens, L&T, and Kalpataru Power, Venttup’s leadership team includes Sandeep Nair (Co-Founder & CEO), M. Wasim Ankli (Co-Founder & COO), and Joseph Panakkal (Co-Founder & CMO). Built on principles of localization and sustainability, Venttup seeks to transform the manufacturing landscape by uniting millions of MSMEs on a single digital platform. By enabling a resilient and sustainable supply chain, the company not only enhances operational efficiency but also fosters environmental responsibility.
Venttup supports large enterprises in outsourcing their engineering needs, while promoting sustainable practices such as cloud manufacturing. Its localized production solutions offer highly customized and complex engineering components for sectors like Energy, EV, Aerospace, and Defense. Venttup is driving India’s journey toward self-reliance and sustainable growth.
Bikram Mahajan, Partner at Unicorn India Ventures, commented on the investment: “Venttup addresses a critical gap in the fragmented industrial B2B services market. By building a scalable, transparent platform, they are transforming how India’s manufacturing sector operates. As India moves toward becoming a $1 trillion manufacturing powerhouse, Venttup’s focus on predictable capacity utilization, traceability, and localization offers a much-needed solution for OEMs seeking reliable, long-term partners. Their digital-first approach to outsourced enterprise-grade capex at scale is setting new standards in transparency and operational efficiency.”
With an Annual Recurring Revenue (ARR) of ₹2 crore and an order pipeline of ₹20 crore, Venttup already works with Fortune 100 companies across sectors such as aerospace, green hydrogen, clean energy, and shipbuilding.
Sandeep Nair, Co-Founder & CEO of Venttup Ventures, said, “Venttup addresses a major challenge in manufacturing by reducing dependence on imported components. Our China Plus One strategy, aligned with government initiatives, helps us provide a comprehensive resource pool for end-to-end program management of component localization. Venttup is creating a global platform for buyers to source high-quality, proven products from India, helping position the country as a global manufacturing hub.”
This funding marks a key milestone for Venttup, which has been bootstrapped until now. The capital infusion will support Venttup’s plans for domestic expansion, while also positioning India as a top sourcing hub for global markets. The company is focused on entering high-growth regions such as the Middle East, Africa, Europe, and North America, leveraging India’s manufacturing capabilities to unlock new revenue streams, forge global partnerships, and become a key exporter of Indian-made components.
Venttup has also recently launched new business verticals that distinguish it in the competitive manufacturing landscape. These include the GATE Process, a proprietary methodology inspired by Agile/Scrum principles, which ensures structured progress in component localization. The company also offers sustainable solutions such as an innovative Evaporative Cooling system designed for industrial and commercial applications. Additionally, Venttup has introduced an ESG advisory service aimed at helping MSMEs improve their environmental, social, and governance initiatives, driving sustainable growth and operational efficiency.
Over the next 12 months, Venttup aims to increase revenue fivefold by building a high-performing team, expanding into new markets, and attracting 50 new clients to its platform.
