ThinKuvate, an early-stage investment firm with a SEBI AIF VC Fund in India, and Sanchi Connect, a deeptech ecosystem enabler, have jointly launched a new accelerator program named PULSE. This 24-week initiative is designed to discover, invest in, and scale 4 to 6 early-stage startups that are leveraging Artificial Intelligence (AI) to solve problems within the financial world.
Each selected AI-first fintech startup will receive ₹2 crore in funding, with the program promising quick term-sheet issuance and access to Sanchi Connect’s extensive ecosystem, which includes mentors, enterprises, and an investor network. Shortlisted startups will benefit from curated mentor sessions, opportunities for corporate pilots with banks, Non-Banking Financial Companies (NBFCs), and other FinTech firms, regulatory clinics, and participation in the 2026 Global Demo Day.
Addison Appu, Managing Partner at ThinKuvate Fund, stated that India's FinTech ecosystem is entering a new AI-driven phase and that PULSE will empower founders to build globally scalable, compliant, and commercially viable products. Dr. Sunil K. Shekhawat, founder of SanchiConnect, emphasized India's potential to lead in AI-driven financial innovation due to its talent, market size, and willingness to innovate.
The PULSE program aims to combine capital, mentorship, and market access to foster fintech success stories, building scalable solutions across payments, lending, risk management, and embedded finance. Applications for the program will open on November 18, 2025, and remain open for one month.
Impact
This initiative is expected to foster significant innovation within India's burgeoning fintech sector, particularly in AI-driven solutions. It could lead to the creation of new investment opportunities, the rapid growth of promising early-stage companies, and the development of advanced financial technologies that address real-world financial challenges. The program's focus on AI integration highlights a key trend shaping the future of finance in India and globally. Rating: 6/10
Difficult Terms Explained:
VC (Venture Capital): Funding provided by investors to startups and small businesses with long-term growth potential.
Accelerator Program: A program that supports early-stage startups with mentorship, resources, and sometimes funding to help them grow rapidly.
AI-first: Companies whose core product or service is built around Artificial Intelligence from the ground up.
Fintech: Financial Technology, companies that use technology to provide financial services.
NBFCs (Non-Banking Financial Companies): Financial institutions that provide banking-like services but do not hold a banking license.
SEBI AIF VC Fund: A Venture Capital Fund registered with the Securities and Exchange Board of India (SEBI) under the Alternative Investment Fund (AIF) regulations, specifically for VC investments.
Global Demo Day: An event where startups showcase their progress and products to investors and potential partners.