IITM Incubation Cell Incubated Startup – YNOS Venture Engine Raises ₹2.5 Cr Funding to develop Startup Enabler Platform
Prof. Thillai Rajan A., Professor-IIT Madras & Co-Founder YNOS Venture Engine said, “Our mission is to create a fundamental impact on early-stage ventures through our unmatched intelligence on the startup ecosystem. Most importantly, we target the big systemic challenges at the bottom of the startup pyramid."
YNOS Venture Engine, business intelligence and analytics platform for India’s innovation and startup ecosystem raised ₹2.5 Crores ($350K) in seed funding. Going by its business philosophy of having an alignment of interests between the startup and investors, YNOS selectively approached individual investors passionate about enabling the early-stage ecosystem, inviting them to invest.
YNOS received seed funding from distinguished business leader in the Indian entrepreneurship ecosystem including, Arun Jain, Lakshmi Narayanan, Sarath Naru, Prashanth Prakash, Madan Padaki, M. Srinivasa Rao, Shalini Chhabra, Prof. Rishikesha T. Krishnan, Samit Jain, Praveen Joseph, ZAR Business Partners LLP, Rickson Rodricks, Ajit Thyagarajan, Siddharth Ram Athreya, and Naresh Ranwah. Funding received will be used to further scale technology investments and strengthen ongoing business development activities.
Speaking on how YNOS distinguishes itself, Prof. Thillai Rajan A., Professor-IIT Madras & Co-Founder YNOS Venture Engine said, “Our mission is to create a fundamental impact on early-stage ventures through our unmatched intelligence on the startup ecosystem. Most importantly, we target the big systemic challenges at the bottom of the startup pyramid. The versatility of our smart platform makes it a relevant solution not only addressing the pain points faced by early-stage entrepreneurs but also investors, institutions and all stakeholders who want to be engaged with the startup economy in the country.”
YNOS leverages technology, advanced data science techniques and marker analytics to provide customized insights and recommendations to startup founders, venture investors, innovators, and other stakeholders of the startup ecosystem. These unique offerings have already on-boarded 83,460+ startups, 5,600+ Angels and 1,500+ VCs & Networks as part of their exhaustive intelligence.
“As one of India’s leading incubators with over 240 deep-tech startups, we are keenly aware of the challenges faced by early-stage technology entrepreneurs, especially in raising investment and finding matched mentors. Services offered by YNOS are addressing some of these critical issues and I am confident that they will create a strong impact on the entrepreneurial ecosystem in this country.”, said Dr. Tamaswati Ghosh, CEO, IITM Incubation Cell.
Early-stage entrepreneurs are often faced with multiple roadblocks, including limited knowledge of the market, competition landscape and finding investors who match the synergy & vision of their brand. YNOS strategically intervenes to help entrepreneurs accelerate this learning curve. They also provide tools for venture valuation, expert subject matter consultations and a comprehensive IP engine providing solutions right from identifying to licensing intellectual property.
In a holistic bid to mutually connect alumni, investors, and entrepreneurs, YNOS’s digital platform enables strategic investment decisions. Appreciating this uniquely synergistic framework, R. Ramaraj, Angel Investor & Advisor, Elevar Equity, added, “Starting with the competitive landscape and investor matching, YNOS can significantly help young entrepreneurs in building their ventures. The offerings leverage insights from several years of research on Indian venture industry and use of data sciences tools and techniques.”
Since its inception, YNOS has successfully acquired several prominent institutional incubators and extended its platform to the connected ecosystem. The list includes IIM Kozhikode, BIMTECH, Noida; Confederation of Indian Industry (CII); IIT Patna; Pontaq Ventures; Karunya University; Accenture Ventures; School of Design Thinking; Start-up TN; Arali Ventures and CIIE – IIM Ahmedabad.