Venttup has raised $3 million in a pre-Series A funding round. Rainmatter by Zerodha and Unicorn India Ventures led the financing round. The startup was initially developed at Kerala Startup Mission. The funding comes amid an earlier seed round raised by the company in September 2024 with Unicorn India Ventures. The new infusion of capital aims to fuel the startup’s next stage of development, to grow the manufacturing capabilities, and to extend its reach into targeted industrial markets.

Capital allocation and manufacturing service model

The proceeds from the funding round will be used for several strategic purposes, as described in the official press release issued by the company. Venttup intends to augment its highly specialized engineering group, focus on extensive investment in precision machining capabilities, and develop better rapid prototyping processes.

Artificial intelligence technology will be used by the startup to optimize the company’s B2B procurement processes. Such technical integration is designed to improve component development and shorten turnaround times for industrial clients.

Venttup, established in 2022 by Sandeep Nair, M. Wasim Ankli, and Joseph Panakkal, is an engineering-centric B2B manufacturing enterprise. The business is specialized in developing, localizing, and indigenizing critical and precision components and subassemblies. 

Venttup’s Manufacturing as a Service model ensures a customer can count on Venttup’s services throughout the entire product lifecycle, from engineering design and specification standardization through to rapid prototyping, extensive testing and validation, and complete contract manufacturing.

Rapid financial growth and diversified industry verticals

The startup boasts broad industrial capabilities including 3D precision machining, casting, forging, sheet metal fabrication, box builds, special purpose machines, industrial automation, and robotics and technology-driven business-to-business sourcing. 

Venttup is a solution provider for critical industries such as energy, data centers, mobility, defense, aerospace, and space applications, using its own engineering resources and a network of scalable Micro, Small, and Medium Enterprises manufacturing partners. The company is setting up a dedicated manufacturing plant in Bengaluru to ramp up its precision machining and sheet metal operations.

Venttup has seen its finance and operations grow 5x since its last funding, with sales reaching ₹10 crore for the 2025-26 financial year. Specifically, the company has added more than 15 blue-chip enterprises to its customer list and created a business pipeline around new energy, mobility, and smart infrastructure worth about ₹30 crore in an 18-month period. 

Venttup will pursue four strategic business verticals: energy transition and data centers, aerospace, defense and space systems, smart infrastructure and future mobility, and electronics, automation and smart manufacturing.

Conclusion

Venttup, a startup in the Industry 5.0 space, has raised $3 million in a pre-Series A round led by Zerodha’s Rainmatter and Unicorn India Ventures. Co-founded by Sandeep Nair, M. Wasim Ankli, and Joseph Panakkal, the business is already growing 5x and has expanded its reach in the field of precision manufacturing and Manufacturing as a Service. Venttup is positioned to expand the manufacturing plant in Bengaluru and add fresh capital to fund the push towards advanced indigenization and smart manufacturing solutions in India, with fresh capital directed towards scaling across four strategic industrial verticals and the integration of artificial intelligence into its supply chain intelligence.