IndusDC Allocates Rs 100 Crore to Foster Deep-Tech Startups

IndusDC, a venture studio, has earmarked Rs 100 crore (approximately $12 million) to identify and develop deep-tech startups in India's industrial and energy sectors for fiscal years 2025 and 2026. The studio aims to build five startups within the next two years and over 50 globally in the next decade.

Each startup will receive Rs 20 crore (about $2.4 million) in capital. IndusDC has secured commitments from Mirik Gogri of Spectrum Impact, the family office of Aarti Industries promoters.

"We're focusing on industrial hardware solutions that can cut 40-50 million tonnes of CO2 emissions by 2035," said Kaustubh Hanmantgad, founding director and COO of IndusDC. The goal is to economically reduce a billion tonnes of CO2 from the industrial sector.

Founded in 2023 by Kushant Uppal, Satyanarayanan Seshadri, and Hanmantgad, IndusDC will serve as cofounders for each startup, working closely with entrepreneurs in residence to develop ideas from lab stage to product-market fit. The studio will manage product development, pilot production, digital integration, customer validation, startup governance, team building, and fundraising support.