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Funding · AI & Deep Tech

SanchiConnect raises bridge round led by Auxano

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Date
Company
SanchiConnect
What it does
Deep tech ecosystem builder
Kind
Funding
Amount
undisclosed
Stage
bridge round
Based in
Noida
Founded
2022
Sector
AI & Deep Tech

What they do

SanchiConnect builds deep tech ecosystems connecting startups with investors and industry

What happened

The company closed an undisclosed bridge round led by Auxano to prepare for a larger raise

Why it matters

It has mobilized over ₹400 crore for portfolio companies within its innovation network

The details

  • SanchiConnect closed a bridge round of funding with an undisclosed size.
  • Auxano served as the lead investor in this financing round.
  • Shashikant Chaudhary, former MD of GlobalLogic India, joined as a new investor.
  • Existing investors Seafund, 8X Ventures, and Arctic Invent participated in the deal.
  • The funds will support product evolution and expansion to more innovation hubs.
  • This round acts as a precursor to a larger round structure planned for the future.
  • The company aims to address the fragmented nature of India's ecosystem enablement market.
  • SanchiConnect leverages policy support from initiatives like iDEX and Startup India.

The bigger picture

  • India faces a fragmented ecosystem enablement infrastructure market with limited private focus.
  • There is a sharp rise in deep tech applications across AI and semiconductors.
  • Policy support via ANRF and RDI drives momentum in advanced materials and biotech.

About the business

  • SanchiConnect operates as a deep tech ecosystem builder for innovation.
  • Its flagship product is the SanchiAPP, an OS for governance and impact measurement.
  • The company runs the DeepTech Hub in Noida Sector 3.
  • Services include startup discovery and investment readiness programs.
  • It facilitates enterprise partnerships and accelerator execution for deep tech firms.
  • The platform connects startups with universities, government bodies, and industry leaders.
  • It manages a community of approximately 5000 members.
  • The network includes over 800 venture funds and family offices.
  • The model focuses on creating a reference point for private-sector-led ecosystems.

What happens next

  • The company plans geographic expansion to more innovation hubs.
  • It is preparing for a larger round structure after this bridge.
  • Product evolution remains a key focus for the raised capital.

The deal

Type
bridge round

Investors

  • Auxano (lead) — Lead investor in the bridge round.
  • Shashikant Chaudhary (new) — Former Managing Director of GlobalLogic India.
  • Seafund (existing) — Existing investor participating in the round.
  • 8X Ventures (existing) — Existing investor participating in the round.
  • Arctic Invent (existing) — Existing investor participating in the round.

Founders

  • Dr. Sunil Shekhawat, Founder/CEO
  • Baring Private Equity Partners India, Co-founder

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