Avinya Ventures

We’re excited to announce that Avinya Ventures, Surat’s first Venture Capital Fund, will be at India’s Biggest Jain National Youth Conclave—NYC JITO Join us at Stall No A6 on the 24th, 25th, and 26th of August 2024 at the Surat International Convention Center, Sarsana. This is your chance to connect, innovate, and explore the future of #entrepreneurship with us. Whether you’re a budding entrepreneur, an investor, or just curious about the world of #startups, we’d love to meet you! Save the dates and see you there! JITO INCUBATION & INNOVATION FOUNDATION JITO CFE Gaurav VK Singhvi Rohit Mall Sachin Ladha Naman Kejriwal Shubham Chaturvedi Vikas Aggarwal Neeraj Tyagi Bhawna B. Deo Saurabh We Founder Circle Invstt EvolveX Accelerator Divya Bohra CA Harshit Chanduka

Recently, Chennai-based spacetech firm AgniKul Cosmos made history with the launch of Agnibaan, the world's first small-lift vehicle powered by a 3D-printed rocket engine. Here’s what makes them apart from the other players in the industry: ✅  𝐂𝐨𝐧𝐬𝐜𝐢𝐞𝐧𝐭𝐢𝐨𝐮𝐬 𝐀𝐩𝐩𝐫𝐨𝐚𝐜𝐡 𝐓𝐨 𝐁𝐮𝐢𝐥𝐝 𝐓𝐡𝐞 𝐏𝐫𝐨𝐝𝐮𝐜𝐭: Unlike others, Agnikul's engine is printed as a single piece using a metal 3D printer from German firm EOS, eliminating assembly and enhancing efficiency. ✅  𝐑𝐚𝐩𝐢𝐝 𝐏𝐫𝐨𝐝𝐮𝐜𝐭𝐢𝐨𝐧 𝐰𝐢𝐭𝐡 𝟑𝐃 𝐏𝐫𝐢𝐧𝐭𝐢𝐧𝐠: Agnikul’s automated 3D printing technology can produce a rocket engine in just 72 hours, compared to the conventional 10-12 weeks. ✅  𝐄𝐟𝐟𝐢𝐜𝐢𝐞𝐧𝐜𝐲 𝐚𝐭 𝐢𝐭𝐬 𝐛𝐞𝐬𝐭: The engine, made from Inconel (a superalloy of nickel and chromium), is designed to withstand the intense heat and stress of space travel. Agnibaan’s maiden flight is the first in #india to use a semi-cryogenic engine, enhancing payload capacity and efficiency. ✅  𝐏𝐞𝐫𝐬𝐨𝐧𝐚𝐥𝐢𝐬𝐞𝐝 & 𝐎𝐧-𝐃𝐞𝐦𝐚𝐧𝐝 𝐒𝐞𝐫𝐯𝐢𝐜𝐞: Unlike the rest, Agnibaan aims to replace the 'ride-share' model with an on-demand service, allowing customers with smaller satellites to launch without waiting and reach the precise location. ✅  𝐂𝐨𝐦𝐩𝐞𝐭𝐢𝐭𝐢𝐯𝐞 𝐄𝐝𝐠𝐞 𝐢𝐧 𝐂𝐨𝐬𝐭𝐬: Agnibaan offers competitive pricing, charging 20-25% less than SpaceX, making space more accessible for satellite deployment. ✅  𝐈𝐦𝐩𝐫𝐞𝐬𝐬𝐢𝐯𝐞 𝐆𝐫𝐨𝐰𝐭𝐡 𝐓𝐫𝐚𝐣𝐞𝐜𝐭𝐨𝐫𝐲: Agnikul Cosmos has grown its revenue significantly, from Rs 0.8 crore in 2020-21 to Rs 2.9 crore in 2022-23, despite reporting losses as it scales. ✅  𝐅𝐮𝐞𝐥𝐥𝐞𝐝 𝐛𝐲 𝐈𝐧𝐯𝐞𝐬𝐭𝐦𝐞𝐧𝐭: Since its bootstrapped beginnings, Agnikul has raised $67 million, with a valuation of $201 million, highlighting strong investor confidence. ✅  𝐏𝐨𝐥𝐢𝐜𝐲 𝐒𝐮𝐩𝐩𝐨𝐫𝐭 𝐁𝐨𝐨𝐬𝐭𝐬 𝐈𝐧𝐧𝐨𝐯𝐚𝐭𝐢𝐨𝐧: Government policies like the Indian Space Policy 2023 and tax exemptions have catalyzed the growth of space startups, attracting over $400 million in funding. With a commercial launch expected next year, Agnibaan is poised to revolutionize how satellites reach space, driving #innovation in the industry. Agnikul Cosmos is not just a startup; it’s a symbol of India's growing prowess in the private space sector. Stay tuned for more groundbreaking achievements.

On this 78th Independence Day, let’s celebrate the spirit of #entrepreneurship that drives our nation forward! At Avinya Ventures, we believe in the power of innovative ideas to solve problems and improve the lives of Indian people. Together with our incredible co-founders, we're turning scalable ideas into reality in a developing market filled with endless growth opportunities. We've invested in transformative sectors like AgriTech, CleanTech, D2C, Content & Gaming, EdTech, FinTech, Healthcare, DeepTech, and more. These sectors are poised to lead India's progress over the next decade, making life easier for millions across various fields. India’s journey toward greatness is fueled by the ambitions of a billion Indians and a government focused on #infrastructure and industry-oriented policies. All the building blocks are in place, and our economy is ready to launch into the next orbit of growth and progress. Let's feel proud and grateful to be part of this incredible journey. Together, we can build a brighter future for India! Growit India Saurabh Agarwal Akshay Agarwal Clensta Puneet Gupta Anveshan Kuldeep Parewa Aayushi Khandelwal Akhil Kansal Rooter.gg Piyush Kumar STAGE Vinay Singhal Parveen Singhal Shashank Vaishnav Garuda Aerospace Private Limited Agnishwar Jayaprakash Rithika Mohan QpiAI Nagendra Nagaraja Pandorum Technologies Tuhin Bhowmick We Founder Circle Neeraj Tyagi Gaurav VK Singhvi Deo Saurabh Vikas Aggarwal Bhawna B. Shubham Chaturvedi Rohit Mall

In the first half of 2024, Indian #startups secured nearly $7 billion in funding, signaling a strong resurgence in the startup ecosystem. For founders gearing up for #fundraising, here are some key tips: 💥 𝐔𝐧𝐝𝐞𝐫𝐬𝐭𝐚𝐧𝐝 𝐘𝐨𝐮𝐫 𝐌𝐚𝐫𝐤𝐞𝐭: Deep knowledge of your market is crucial. Highlight your startup's unique value proposition with data and a solid business model. 💥 𝐅𝐨𝐜𝐮𝐬 𝐨𝐧 𝐒𝐮𝐬𝐭𝐚𝐢𝐧𝐚𝐛𝐥𝐞 𝐆𝐫𝐨𝐰𝐭𝐡: Investors now prioritize sustainable scaling over rapid expansion. Showcase metrics like customer retention and market share growth. Customer testimonials can add weight to your pitch. 💥 𝐇𝐢𝐠𝐡𝐥𝐢𝐠𝐡𝐭 𝐓𝐞𝐚𝐦 𝐄𝐱𝐩𝐞𝐫𝐭𝐢𝐬𝐞: Investors are keen on the strength of your team. Emphasize core skills, experience, and sector knowledge—especially for tech products. 💥 𝐀𝐝𝐝𝐫𝐞𝐬𝐬 𝐑𝐢𝐬𝐤𝐬 𝐇𝐞𝐚𝐝-𝐎𝐧: Be transparent about potential risks and present clear strategies to mitigate them. 💥 𝐂𝐡𝐨𝐨𝐬𝐞 𝐭𝐡𝐞 𝐑𝐢𝐠𝐡𝐭 𝐈𝐧𝐯𝐞𝐬𝐭𝐨𝐫: Whether it's venture capital, angel investors, or corporate partnerships, select the funding option that aligns with your vision. Due diligence on investors is essential—ensure their growth expectations match yours. A compelling pitch combines data, vision, and a strong team. Ready to take your startup to the next level? Connect with investors who believe in your vision and have the resources to fuel your growth. Join us in turning your innovative ideas into the next big success story. Let's make it happen—together!

Rapido, the popular ride-hailing company, is testing a fleet of electric three-wheelers to compete with giants like Ola and Uber in the #electricvehicle (EV) market. With strong funding and support from Swiggy, Rapido now logs nearly 1 million rides per day. The startup boasts a fleet of 5 million bike taxis and 700,000 auto-rickshaws, operating in over 100 Indian cities, with more than 25 million app downloads. But how did they bring these e-autos to market? - RACEnergy, a leader in advanced battery-swapping technology, is behind this #innovation. Their technology promises to make last-mile mobility completely clean and electric. RACEnergy is among the first in #india to receive the AIS 156 safety certification for their swappable battery packs. - Supported by Swiggy, Rapido aims to enter the electric three-wheeler (E3W) ride-hailing market with a unique offering. They partnered with RACEnergy to deliver high-tech electric autos with zero downtime, providing a smart and clean alternative for the masses and access to a robust network of swap points. - By partnering with Rapido, RACEnergy plans to broaden the reach of its solutions, offering more commuters access to their technology. Rapido will help expand its network to multiple cities and onboard more e-auto drivers. Rapido has also shifted from a commission-based model to a lifetime zero-commission model for its auto drivers. Instead, drivers will pay a daily login fee ranging from INR 9 to INR 29, allowing them to do unlimited rides based on demand without paying any commission. Despite their innovative strides, Rapido recently reported a significant loss of INR 674.5 crore in FY23, a 53.6% increase from the previous year’s INR 439 crore. Will Rapido be able to make a positive impact in the electric ride-hailing market with its partnership with RACEnergy?

Paris Olympics 2024 is lighting up not only with its sporting spirit but also with its ecological ambition. The City of Light is preparing to welcome a new wave of mobility: #electricvehicles. #parisolympics2024 will ensure venues are accessible via a diversified and environmentally-friendly transport network, encouraging the use of public transport and soft mobility. The organization plans to use electric and hydrogen-powered vehicles for official purposes and install electric charging stations to promote cleaner mobility. The Paris Olympics 2024, set to be the greenest Olympic Games ever, highlights the future of electric vehicles (EV). As the world moves towards sustainable transportation, the demand for high-performance charging stations, EV mobility, and logistics partners grows. We are proud to have invested in leading EV #startups in India, including BluSmart, EVIFY, Kazam, Oben Electric, Zypp Electric, EVINDIA, The Energy Company, and NIKOL EV CHARGING STATION. Just like Paris and its partners are committed to developing a robust and accessible electric charging infrastructure, Avinya Ventures is dedicated to supporting the energy transition and meeting tomorrow's mobility needs. Together, we can drive a greener, more sustainable future. #ElectricVehicles #SustainableMobility We Founder Circle Neeraj Tyagi Shubham Chaturvedi Rohit Mall Bhawna B. Deo Saurabh Vikas Aggarwal Sachin Ladha CA Manish Rathi

Ready to Ride the Wave of the Ola Electric IPO? Ola Electric has launched an IPO with a new issuance of ₹5,500 crore and an offer-for-sale of 95,191,195 shares. Backed by a ₹3,200 crore funding round from Temasek, State Bank of India, and others, Ola is ramping up its growth. Highlights: • Rapid Growth: FY23 revenue surged by 510% to ₹2,630 crore. FY24 projections target ₹4,655 crore in revenue, with a reduced EBITDA loss of ₹950 crore. • Scaling Up: Production capacity will grow from 2 million to 10 million scooters annually. With 935 experience centres and 414 service centres, Ola is a market leader. • Market Leader: Ola Electric tops the E2W charts in India. Sales are expected to rise from 0.3 million units in FY24 to 0.9 million by FY25. • Strategic Moves: Partnership with Ola Cabs boosts EV adoption. The IPO will fund the Ola Gigafactory, aiming for 100 GWh battery production. • IPO Aim: Leveraging its existing EV hub in Tamil Nadu, Ola Futurefactory, this IPO aims to establish the upcoming Ola Gigafactory, targeting a 100 GWh capacity for battery production at full scale, to manufacture EVs, batteries, and other components. The proceeds will also be used for research and product development, organic growth, and general corporate purposes, including repaying some of the debt raised by Ola Electric. For #investors and founders, this IPO offers a chance to join India’s #electricmobility revolution.

India is quickly becoming a big player in the #dronetechnology field! With over 200 startups and more than 13,000 drones registered in the country, there's huge potential for growth. Investments in drones have reached over $83 million from 2016 to 2023, showing that #investors believe in the industry's future. Two major companies, ideaForge and Garuda Aerospace Private Limited, have together received most of this funding, showing their important role in driving the industry forward. Drone technology is getting better all the time, with longer battery life, improved sensors, smarter analytics, and more versatile payloads. This means drones can be used in many different industries more efficiently. India's rules and support for drones are also getting better, which helps the industry grow even more. Vipul Singh, CEO of AEREO, says they're working hard to make #india a top spot for drones by 2030. This growth means more jobs and a stronger economy for India. Let's keep watching as India becomes a leader in drone technology! #Innovation #Technology

How did a small startup land a spotlight at Meta's prestigious 'Fuel for India' event? Anveshan, founded by three IIT graduates Kuldeep Parewa, Aayushi Khandelwal, and Akhil Kansal, revolutionized the farm-to-fork model by integrating traditional wisdom with modern technology. By leveraging personalized ads on Facebook and Instagram, Anveshan has garnered over 2 million impressions monthly, increased their customer base by 200% to reach 1 million customers, maintaining a 95% retention rate. Their unique partnerships with 20+ local farmer cooperatives ensure 100% traceability and purity. Leveraging Meta’s digital tools, they've successfully shipped products to over 10 countries, while maintaining a 98% customer satisfaction rate. Anveshan's remarkable success and commitment to quality and #sustainability set a new benchmark in the organic food industry. With plans to introduce more traditional superfoods and expand into new international markets, Anveshan is poised for continued growth and greater impact on rural communities and health-conscious consumers alike.

Did you know that for every conversation you have with ChatGPT, it "drinks" 500ml of water? GPT-3 in Microsoft's US data centers can consume 700,000 liters of freshwater, equivalent to producing 370 BMW cars or 320 Tesla electric vehicles. And if this training were to take place in the company's Asian data centers, the water consumption would triple. It's not just ChatGPT—other AI like Google's Bárd also use a lot of water. Google's data centers used 15 billion gallons of water in 2022, which is a huge amount. As #climatechange worsens, finding sustainable ways to cool data centers becomes essential. Microsoft aims to cut its data centers' water use by 95% by 2024. Companies need to think about how they can use less water when using AI. What ideas do you have to help reduce the water use of AI systems? Share your thoughts below! #sustainability