Venture Studio IndusDC to build 5 clean technology startups in the next 2 years in India
More than 50 globally over the next decade
Decarbonisation focused Venture Studio IndusDC designates ₹100 crore of blended finance to identify and co-build hard tech start-ups from India in FY25-FY26.
The funding aims to identify and invest in clean technology to “cut down one gigaton of carbon dioxide emissions by 2035.
Each startup founded by the studio will have access to Rs 20 crore in capital, in a combination of tech development grants, equity for early revenue until profitability and working capital for scaling up.
The studio has already received a commitment agreement for the first five startups from Mirik Gogri of Spectrum Impact, the family office of Aarti Industries Ltd’s promoters.
“At IndusDC, we are building platforms to address each stage of the startup as they scale from lab to market. Our team is deeply committed to establishing the benchmarks for an IP-focused decarbonisation venture studio and making it an attractive asset class for investors. We are delighted to welcome our investment partners who share our vision of building a sustainable future,” said Uppal, who is also CEO of IndusDC.
The founders of Venture Studio IndusDC include Prof Satyanarayanan Seshadri, Founding Member & Technologist, Kaustubh Hanmantgad, Founding Director & COO, Dr. Kushant Uppal, Founder & CEO.
Further the studio aims to build 5 tech based startups in the next 2 years in India and more than 50 globally over the next decade.
It will act as a co-founder and work closely with its entrepreneurs in residence (EIR), taking lab stage ideas or IPs all the way up to PMF (product market-fit) stage.
