How Sanchiconnect is helping to streamline the growth of Indian Deeptech Startups.

CXOToday has engaged in an exclusive interview with Dr. Sunil Shekhawat, CEO Sanchiconnect.

1. What inspired Dr. Sunil Shekhawat to create Sanchiconnect, and how did he get started?

Ans- The creation of Sanchiconnect stemmed from my personal experience as a startup founder and later as an enabler within a maturing ecosystem that offered limited channels to identify and build early partnerships on the business front. Recognizing the ongoing challenges in connecting with investors, particularly in the domains of deep tech and disruptive technologies, we envisioned Sanchiconnect as a solution to streamline not just the fundraising but also early GTM process for founders and at the same time grant them access to an exceptional talent pool. The subsequent affirmation of the Sanchiconnect concept, as evidenced by positive feedback from stakeholders (founders, venture funds, corporates, enablers), served as validation for the necessity and relevance of this platform.

2. What sets Sanchiconnect apart from other investment networks and accelerators in India?

Ans- We are fundamentally aligned to 3 principles: Founder first- Whatever we decide to do, it always is designed from the lens of a startup founder, Partnership driven- We strongly believe in partnering rather than competing with ecosystem out there and Trust being the third principle which comes with transparency.

3. How does Sanchiconnect select the startups it partners with, and what are some of the key criteria you look for?

Ans- We have a thorough selection process which is based on collective intelligence of domain experts. We aim to support early-stage startups, particularly those involved in building intellectual property or leveraging emerging tech in solving widespread problems. Our selection criteria include several key factors. Firstly, we assess the uniqueness and potential impact of the startup’s technology or product. We look for innovative solutions that can disrupt existing industries or create new ones.

Secondly, we consider the team behind the startup. We look for founders and teams with a strong entrepreneurial drive, deep expertise in their respective fields, and a passion for their vision. It is essential for us to partner with individuals who are committed to building and scaling their businesses.

Additionally, we evaluate the market potential and scalability of the startup’s product or service. We seek startups that address a significant market need and have the potential for rapid growth. A clear and compelling business model is also a crucial aspect we consider during the selection process.

4. What challenges do you see facing Indian startups today, and how is Sanchiconnect addressing them?

Ans- There are several challenges that Indian startups currently face, encompassing a protracted and occasionally exasperating fundraising process, difficulties in accessing top-tier talent, limited integration within the enterprise ecosystem, and a dearth of interconnected service providers equipped to cater to the specific requirements of startups. Sanchiconnect is actively tackling these challenges by establishing a comprehensive platform that empowers deep-tech firms to secure capital through partnerships with an extensive network of over 100 investment partners, including venture capitalists, angel networks, and investment syndicates. Additionally, Sanchiconnect facilitates access to a pool of world-class talent and a network of service providers adept at meeting the distinctive needs of startups, thereby enabling deep-tech ventures to achieve scalability and attain success on a global scale.

5. How does Sanchiconnect envision the future of the Indian deep-tech startup ecosystem?

Ans- Sanchiconnect has a clear vision of fostering the growth of Indian deep-tech startups, enabling them to achieve global scalability and democratize their visibility and access. Our primary objective is to streamline the fundraising process for founders, allowing them to focus more on developing their businesses. Additionally, we facilitate access to top-tier talent and establish valuable connections between startups and enterprise ecosystems, as well as service providers, who can fulfill their specific requirements. With the invaluable support of our investors and an expanding network of startups, Sanchiconnect is dedicated to creating an ecosystem that empowers startups to not only sustain but also flourish in their respective industries.

6. What advice would you give to early-stage startups looking to partner with Sanchiconnect or other investment networks in India?

Ans- For early-stage startups seeking partnerships with Sanchiconnect or other investment networks in India, I would recommend conducting comprehensive due diligence on the investment networks and their affiliated partners to ensure a harmonious alignment with the startup’s objectives and aspirations. Additionally, it is essential for startups to craft a compelling pitch and demonstrate persistence in their outreach endeavors, considering the persisting challenges of fundraising. Establishing robust networks and cultivating meaningful connections within the ecosystem should also be prioritized as a means to enhance the likelihood of achieving desired outcomes and success.

7. How has Sanchiconnect evolved since it was founded, and what are some of its significant achievements to date?

Ans- Sanchiconnect was established with the objective of facilitating the global scaling and democratization of deep tech and emerging tech solutions originating from India. Through its efforts, Sanchiconnect has successfully facilitated over 20 co-investment deals within first 8 months, effectively assisting startups in raising capital. The accomplishments achieved thus far have provided validation for its initial assumptions, further motivating Sanchiconnect to continue building an ecosystem that supports the long-term sustainability of startups.

8. In what ways does Sanchiconnect contribute to the success of deep tech founders?

Ans- We provide a platform that facilitates interactions between startup founders, investors, and corporations, specifically focused on the deep-tech space. By curating these interactions, Sanchiconnect helps founders connect with potential investors and strategic partners who are specifically interested in deep-tech startups. This increases the chances of finding relevant funding and partnership opportunities.

Additionally, Sanchiconnect aims to make the lives of deep tech founders easier by offering various resources and tools. This includes assistance with fundraising, access to potential customers, hiring support, and tools to amplify their go-to-market efforts. By eliminating friction and providing comprehensive support, Sanchiconnect helps founders navigate the challenges of building and scaling their deep tech ventures.

9. How does Sanchiconnect assist corporates in enhancing their innovation journey?

Ans- Sanchiconnect plays a vital role in assisting corporates in their innovation journey. We understand that established companies often face challenges in adapting to the rapidly evolving technological landscape and staying ahead of the competition. Our platform acts as a bridge between these corporates and innovative startups.

We facilitate partnerships and collaborations between corporates and startups, enabling corporates to tap into the innovative ideas and technologies being developed by startups. Through our platform, corporates gain access to a curated network of startups that align with their specific needs and objectives.

We also provide corporates with strategic guidance and support in implementing innovation initiatives. Our team of experts works closely with corporates to identify their innovation goals and challenges and then helps them navigate the startup ecosystem to find the most suitable partners. We offer personalized consulting services, workshops, and mentoring to help corporates enhance their innovation capabilities.

10. What assistance does Sanchiconnect provide to investors in identifying and accessing promising deals at an early stage of their journey?

Ans- Sanchiconnect recognizes the importance of early-stage investment in startups and the potential for high returns. We support investors in identifying and accessing promising deals through our platform and network.

We provide investors with access to a wide pool of curated startups, particularly those in the deep tech sector, which have undergone our rigorous selection process. Our platform allows investors to discover startups based on their investment preferences, industry focus, and growth potential. They can explore detailed profiles, including business plans, financials, and key metrics, to make informed investment decisions.