Venttup was founded by Sandeep Nair, M. Wasim Ankli, and Joseph Panakkal with the mission of transforming the manufacturing sector by bringing together millions of MSMEs (micro, small, and medium enterprises) on a unified digital platform. Through this platform, the company enhances supply chain management and operational efficiency for these businesses.
The startup helps large corporations meet their engineering needs by offering sustainable cloud manufacturing solutions. This approach not only improves efficiency but also minimizes the environmental impact of production processes. Venttup specializes in delivering localized, customized engineering solutions for critical industries, including energy, electric vehicles (EVs), aerospace, and defense.
Since its launch in 2023, Venttup has reported an annual recurring revenue (ARR) of Rs 2 crore and an order pipeline of Rs 20 crore. The company plans to grow its revenue by five times over the next year, targeting at least 50 new clients to fuel this expansion.
Venttup, an innovative startup in the Industries 5.0 space, has secured seed funding from Unicorn India Ventures to expand its global engineering network with a strong focus on India as a central hub. According to a company press release, the newly raised capital will be used to accelerate business growth and advance technological solutions, specifically for Indigenisation Program Management.