Venttup, a B2B engineering services business with headquarters in Chennai, India, has raised an unknown sum of seed money to expand its global network of scalable manufacturing facilities, with India as its center.
The company intends to use the funds for business growth and technology development for indigenization.
Founded by M. Wasim Ankli (Co-Founder & COO), Joseph Panakkal (Co-Founder & CMO), and Sandeep Nair (Co-Founder & CEO), Venttup helps big businesses outsource their engineering requirements while enabling them to lower their carbon footprint through sustainable practices and cloud manufacturing. In the energy, electric vehicle, aerospace, and defense industries, they provide localized production of crucial engineering solutions and specialized, sophisticated components, advancing India’s manufacturing sector toward self-sufficiency and sustainable expansion.
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Since its founding in 2023, the company has generated INR 2 crore in annual revenue and has an INR 20 crore pipeline. Venttup wants to grow its clients, penetrate new markets, and establish a staff in order to generate income fivefold over the course of the following year. Venttup hopes to bring on 50 additional users to its platform in terms of clients.
About Venttup
VENTTUP (Venttup Ventures Pvt Ltd), is an innovative B2B startup located in India, is committed to revolutionising the manufacturing sector through localisation and placing a strong emphasis on sustainability.
