Jeet Chandan, group managing director, BizDateUp.Investment firm BizDateUp has acquired a 54.5 per cent stake in Cumma, a technology-led marketplace that connects startups with innovation and execution infrastructure.
The details of the transaction remain undisclosed.
The companies in a joint statement on Tuesday said the partnership will focus on improving access to innovation infrastructure for startups, particularly in tier-II and tier-III cities.
“We believe the next wave of transformational start-ups will not be limited to metros, but will rise from emerging cities, manufacturing clusters, universities, and innovation centres across the nation. Our vision is simple—to convert ideas into execution, innovation into employment, and aspiration into nation-building,” said Jeet Chandan, group managing director, BizDateUp.
Cumma operates a digital marketplace that enables founders to access government-backed and institutional infrastructure such as incubators, accelerators, centres of excellence, R&D labs, testing facilities, production units and co-working spaces.
The platform aims to reduce the time and cost involved in accessing such facilities, which often remain under-utilised despite large public and institutional investments.
Over the next three to five years, the two companies plan to expand Cumma’s footprint across multiple states, strengthen startup hubs in tier-II and tier-III cities, and increase utilisation of existing innovation facilities.
The platform is also expected to support startups across manufacturing, deeptech, and applied research-led sectors.
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