IndusDC, a venture studio, has committed Rs 100 crore (approximately $12 million) for the fiscal years 2025 and 2026 to support the development of deep tech startups in India’s industrial and energy sectors. The studio operates as a cofounder, working closely with Entrepreneurs in Residence (EIR) to transform lab-stage ideas and intellectual properties (IPs) into market-ready products.
Founded in 2023 by Kushant Uppal, Satyanarayanan Seshadri, and Kaustubh Hanmantgad, IndusDC aims to establish five startups within the next two years and over 50 globally in the next decade. Each startup will receive Rs 20 crore (around $2.4 million) in capital, with funding already secured from Mirik Gogri of Spectrum Impact, the family office of Aarti Industries Ltd’s promoters.
IndusDC is primarily focusing on industrial hardware solutions designed to reduce 40 to 50 million tons of CO2 emissions by 2035, aiming for a cumulative reduction of one billion tons of CO2 from the industrial sector. These solutions must also be economically viable for industries and developed in a capital-efficient manner, utilizing accessible materials and keeping costs low.
In addition to funding, IndusDC will manage product development, pilot production, digital technology integration, customer validation, startup governance, team building, and fundraising support. This comprehensive approach ensures that each startup has the resources and guidance needed to achieve success.
Currently, IndusDC is co-building three deep tech startups in collaboration with the Indian Institute of Technology Madras. The supportive policies and growing consumer base in India’s climate tech sector are attracting risk capital investors, particularly at early stages, further highlighting the potential of this burgeoning field.
