Location
Noida, UP
Year Founded
2022
Sector
SaaS
Seafund Entry
July 2024
SUBSector
Incubation Management
cOINVESTORS
8x, Baring PE, Arctic Invent
Company Overview
Sanchiconnect is a technology platform that enables organizations to run and efficiently manage their corporate innovation programs. It also offers program management services for accelerator programs and leverages its deep tech ecosystem to foster collaborations, targeted fundraise and other value-added services to partners involved.
PROBLEM STATEMENT
Innovation office of firms often spend 90% of their time on manual operations tasks and leverage tools like Excel that don’t enable live tracking, monitoring and reporting to management. There is limited accountability and often the process of program management falls short. Venture Capital funds and corporates often do not have the required focus to build such programs in-house.
investment rationalE
End to end offering for both startups and corporates to capture the entire value chain from community building, IB, till mentorship and monitoring program outcomes. Fragmented market – Over 1000 accelerators/incubators and over 400 VC funds, with no clear winner product for program management. Strong foundational team – The founding team has held leadership positions in the past in implementation roles and are repeat entrepreneurs.
FOUNDER BACKGROUND
Dr. Sunil Shekhawat
CEO
14 years experience in leading organisations. Served as the CEO of Sanchi Techstarter (subsidiary of Baring PE fund) for 2 years. 6 years as head of products and deeptech club at NASSCOM. He has also had an entrepreneurial stint as the founder of a healthtech SaaS company.
Baltej Singh
CTO
15+ years entrepreneurial experience building web, apps, and blockchain tech across private and government clients. Background in leading technical teams from planning to execution and client servicing.