IndusDC Allocates ₹100 Crore to Develop 5 Deep-Tech Startups in 2 Years.

Decarbonization-focused venture studio IndusDC has earmarked ₹100 crore of blended finance to identify and co-build hard tech startups in India. The venture studio plans to develop deep-tech startups in the industrial and energy sectors during the fiscal years 2025 and 2026, aiming to build five startups in the next two years and over 50 globally in the next decade.

IndusDC has already secured commitments from Spectrum Impact, the family office of Aarti Industries promoters, and received backing from angel investors Ashish Gupta of Helion Ventures and Sri Myneni of Knoah Solutions.

The studio will focus on identifying technologies and lab-stage ideas related to CO2 emission reduction, primarily in the industrial and energy sectors. IndusDC will act as a co-founder, collaborating with entrepreneurs to co-build hard tech startups.

IndusDC plans to sign additional commitment agreements with strategic investors for grants, equity, and debt throughout FY25.

Founded in 2023 by Kushant Uppal, Satyanarayanan Seshadri, and Hanmantgad, IndusDC will serve as a co-founder for each startup, working closely with entrepreneurs in residence (EIR) to develop lab-stage ideas and intellectual properties (IPs) up to the product-market fit (PMF) stage.

“The energy transition journey will create $40 trillion of new business opportunity globally. Labs and inventors across the globe have the best technologies for CO2 emission reduction. The challenge lies in building ventures from identifying the right IP, building the right teams and processes, keeping customer focus, and infusing appropriate capital along the journey of building the venture. 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 decarbonization venture studio and making it an attractive asset class for investors,” said Kushant Uppal, Founder & CEO of IndusDC.

HBL