An investment of Rs 100 crore has been set aside by IndusDC, a company that accelerates clean technology businesses, to co-build hard-tech ventures in India. Within the next two years, they aim to launch five firms, and in the next ten years, over fifty worldwide.
Focus on Industrial and Energy Sectors
IndusDC will identify opportunities and support hard-tech innovation primarily in the industrial and energy sectors, which contribute significantly to global carbon emissions. They aim to minimize the need for continuous equity fundraising by employing a unique blended finance model combining grants, debt, and equity.
Supporting Startups from Lab to Market
IndusDC will act as a co-founder, working closely with entrepreneurs throughout the journey, from the lab stage to product-market fit (PMF). They will provide extensive support across various aspects:
- Product development
- Pilot production
- Digital technology integration
- Customer validation and funnel building
- Startup governance
- Team building
- Fundraising support
Financial Backing and Commitment
Each startup funded by IndusDC will have access to Rs 20 crore in capital, encompassing a combination of:
- Grants for technology development
- Equity for early revenues until profitability
- Debt or working capital for scaling beyond profitability
This blended finance model allows hard-tech startups to focus on building value while minimizing the need for continual equity fundraising. Additionally, IndusDC has already secured a commitment agreement for the first five startups from Mirik Gogri of Spectrum Impact, a wholly-owned office of Amrit Industries Ltd promoters.
Experienced Leadership Team
The leadership group of IndusDC has a wealth of expertise. The CEO and founder of IndusDC, Kushaant Uppal, highlights how the energy transition path has the potential to generate $40 trillion in new economic opportunities worldwide. He draws attention to the difficulties involved in starting a business, such as choosing the appropriate intellectual property (IP) and assembling the best personnel and procedures.
Attracting Investors
IndusDC is backed by successful entrepreneurs and investors, including Antish Gupta of Heron Venture Partners and Sri Mylne of Knoah Solutions. They are actively seeking additional commitment agreements with strategic investors for grants, equity, and debt over the coming years.
Addressing Climate Challenges
Investors are drawn to IndusDC’s mission to empower entrepreneurs to solve critical climate problems. Antish Gupta, Angel Investor and Co-founder of Heron Venture Partners, expressed his enthusiasm for IndusDC’s goal of helping entrepreneurs tackle crucial environmental issues.
Global Impact
The International Energy Agency estimates that every year, about 37 billion tonnes of carbon dioxide are released into the atmosphere worldwide. The top three countries that emit industrial CO2 are China, the US, and India. The work being done by IndusDC could have a big impact on worldwide decarbonization initiatives.
Key Takeaways
- IndusDC is a venture focused on co-building hard-tech startups in India.
- They target the industrial and energy sectors to reduce carbon emissions.
- Their unique blended finance model minimizes reliance on equity fundraising.
- IndusDC supports startups from lab to market with comprehensive services.
- Experienced leadership and backing from prominent investors fuel their success.
- IndusDC’s focus on climate solutions attracts investors and aims for global impact.
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