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Tag: Yournest Venture Capital

  • Rs 30 Cr to be invested in deeptech hardware and software startups under Velocity Fast Track Startup Funding Program

    Rs 30 Cr to be invested in deeptech hardware and software startups under Velocity Fast Track Startup Funding Program

    Mumbai: SanchiConnect, a deeptech enablement network in partnership with YourNest Venture Capital has announced a scale-up accelerator specifically tailored for deeptech hardware and software startups with core IP. This collaborative initiative aims to provide selected startups with essential resources, mentorship, and funding to catalyse their growth. Applications for the accelerator program will open on 21 May and close on 9 June. Roadshows will be conducted across five major cities in Mumbai, Hyderabad, Chennai, Bangalore, and Delhi, across deeptech hubs such as IIT Bombay (SINE), the Indian Institute of Science (IISC), Nasscom, T-Hub, and CSIR–Centre for Cellular and Molecular Biology (CCMB), offering startups the opportunity to engage directly with program organisers and mentors.

    The accelerator program will offer upfront funding of $500k to 5-8 promising startups, followed by an intensive 60-day program focusing on go-to-market and international collaborations. This program will culminate in a demo day, providing startups with a platform to showcase their innovations to potential investors and stakeholders from around the world.

    Commenting on the accelerator program, YourNest executive director and fund manager Girish Shivani said –  ” At YourNest, our commitment to nurturing DeepTech startups has been the focus of our thesis since inception. And in 2020, we pioneered the concept of fast-track funding with our unique SOAR program in the midst of the pandemic. This initiative now moves to the next level with our partnership with SanchiConnect in this Accelerator Program and underscores our commitment to catalysing India’s DeepTech startup ecosystem. By providing startups with faster funding we aim to spur their growth and contribute to the advancement of technology-led innovation. We look forward to working closely with the selected startups and accelerating their journey towards success.”

    “I am incredibly excited about the launch of our Accelerator Program in partnership with YourNest. This collaboration represents a significant step forward in our mission to empower deeptech startups and foster innovation in emerging technologies. Through this program, we aim to provide startups with the necessary resources, mentorship, and funding to accelerate their growth trajectory and make a meaningful impact in their respective industries.” said SanchiConnect CEO Dr Sunil Shekhawat.

    Startups selected to participate in the program will benefit from personalised mentorship sessions with successful founders and domain experts. These sessions will offer valuable insights and guidance to help startups navigate challenges and capitalise on opportunities, thereby accelerating their path to success.

    The program will focus on a wide array of cutting-edge technologies, including artificial intelligence/machine learning, augmented/virtual/mixed reality, autonomous systems, developer tools, electric vehicle/battery/charging systems, electronics system design and manufacturing (ESDM), genomics, hardware, industrial IoT, materials technology, quantum compute, robotics, enterprise SaaS and wearables.

    Early-stage startups based in India, focusing on deeptech hardware or software with core IP, and showing promising signs of commercialization or generating revenue are encouraged to apply. The program is open to startups across various sectors such as agritech, adtech, biotech, consumer/retail, energy, martech, manufacturing, foodtech, green energy, mobility/transportation, spacetech, health tech/medtech, media/entertainment, enterprise tech, and telecom.

  • HSBC India, Thriwe launch second season of Golf League with exclusive discounts and benefits

    HSBC India, Thriwe launch second season of Golf League with exclusive discounts and benefits

    Mumbai:  HSBC India and Thriwe, a technology-driven consumer benefits marketplace have announced the launch of the second season of the league, which saw participation from 2500+ golfers and enthusiasts in the first edition.The second edition of HSBC Golf League will offer complimentary golf lessons, 15 per cent discounts on golf accessories and much more and will be held between January 2024 and March 2024. It will be available to HSBC India’s premier and global private banking customers.

    In this edition, pro golfers and enthusiasts will not only get access to a range of extraordinary golf privileges but can also enjoy exclusive offers and benefits. From complimentary golf games with a free golf cart, to complimentary golf lessons for players and their guests.

    “Our Golf League platform was a resounding success and helped users improve their performance through data and analytics. With the HSBC Golf League, we set out to reimagine the golf ecosystem with the help of technology. In the second season we are rewarding our users with exclusive benefits,” said Thriwe chief executive officer Dhruv Verma

    Commenting on the launch of the second season of the HSBC Golf League, HSBC India head of wealth and personal banking Sandeep Batra said, “After a tremendous success last year, we are pleased to extend our commitment in order to support and grow the game of golf in India through the second edition of HSBC Golf League. Our ambition is to promote the game of golf at all levels by inspiring future generations to take part in the sport. We are here to provide long-term and sustainable future for golf. We are also very thankful for the support of our partner.”

    Users can make real-time bookings for select golf courses and get instant confirmation, even if the booking is done on a weekday/ weekend or a public holiday. Any new bookings for a game or lesson will also be cleared in three days straight.

    Additionally, they can enjoy 15 per cent discounts on a wide range of accessories from renowned brands at select pro shops. Food and beverages (except alcoholic beverages) will be available at a 10 per cent discount at select golf courses. All these features will be available on the Golf League platform on the website as well as mobile applications.

    Golfing enthusiasts can use the mobile app to participate in marquee golfing events and tournaments throughout the year. They can also hone their golfing skills with 30 minutes of complimentary access before the matches. Launched last year in partnership with HSBC India for 200,000 amateur golfers, the league has evolved into a fan favourite among golf enthusiasts and high-net-worth individuals. Aside from being an intense sport, golf is an excellent networking opportunity for corporate and business leaders.

    While the league and the platform is managed and hosted by HSBC India, Thriwe is the technology enabler for the league. The company was founded in 2011 and is backed by YourNest venture capital. It offers a network of over 150,000 merchant partners spread across more than 130 countries. Customers can enable rewards programs for their end users from their choice of merchant partners.

    Recently, Thriwe launched a first-of-its-kind earn and burn engine that enables retailers and manufacturers across industries to allow their customers to consolidate their loyalty points across points of sales.