IndusDC is a venture studio that offers expertise to startups and helps them scale production. The company announced its plans to invest Rs 100 crore in seep tech startups that work with clean energy solutions to reduce carbon emissions and build clean technology in the next ten years. The company aims to remove one gigaton of carbon gas emissions by 2035. The venture studio mentioned in an interview that the investment is to identify and co-build hard tech startups across India for FY24-25. We are disscusing Venture Studio IndusDC announced its plan to invest Rs 100 crore in clean energy solutions focused deep tech startups.
We are disscusing Venture Studio IndusDC announced its plan to invest Rs 100 crore in clean energy solutions focused deep tech startups:
The studio received a commitment agreement for five startups from Spectrum Impact’s Mirik Gogri. The deal mentioned that every startup under this venture studio will receive $2.4 million for technology development, equity till profitability, and working capital to scale capability and operations to achieve profitability. The firm was co-founded by Kushant Uppal, Satyanarayana Seshadri, and Kaustubh Hanmantgad. The CEO of IndusDC, Kushant Uppal mentioned that the company is working on a platform to address each stage of startup they help scale from lab to market. The company aims to create a focused decarbonization venture studio. The firm plans to collaborate with other deep tech companies to achieve its goal of reducing carbon dioxide emissions.
The company is backed by known entrepreneurs, such as Helion Venture partner Ashish Gupta and Sri Myneni of Knoah Solution. The firm will sign another agreement with its investors to offer equity and debt for FY25. The venture studio intends to co-build five startups in the next two years, with more than 50 startups globally in the next decade. Uppal told ET in an interview that the VC firm has been focused on B2C and SaaS companies. Still, the more prominent investors and family offices mentioned the vast business potential in hardware, climate, and deep tech.
IndusDC manages product development, digital technology integration, team building, startup management, and fundraising support. The three deep-tech startups the studio is working on are a combined deal with the Indian Institute of Technology, Madras. This initiative is taken by the firm to reduce carbon dioxide emissions while helping small businesses scale up and achieve profitability. The investment helps companies with deep tech-focused clean energy solutions by providing services and mentorship with Rs 20 crore in funds.
Conclusion
IndusDC is a venture studio that plans to invest up to Rs 100 crore in deep tech startups to build clean energy solutions and reduce carbon dioxide emissions. The company helps small businesses and startups scale their operations and provides them with solutions involving expertise. The startups under this venture studio will receive an investment of Rs 20 crore each. The company intends to partner with other deep tech companies to achieve its goal of reducing carbon dioxide emissions. The venture studio plans to co-build five startups in the next two years and 50 startups globally in the next decade. The firm’s current receiver commitment agreement from Mirk Gorgi is for the first five startups.
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