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Home > Startups > NSDC International acquires 10% stake in Startup Stairs

NSDC International acquires 10% stake in Startup Stairs

Startup Stairs is a DPIIT-recognized Incubator and an initiative of AVPL International, with a focus on promoting startups in the fields of drones, EVs,  AI, and robotics.

Abhinav Kumar Singh
Last updated: January 20, 2025 5:52 PM
By Abhinav Kumar Singh
NSDC International acquires 10% stake in Startup Stairs
NSDC International acquires 10% stake in Startup Stairs
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NSDC International, a wholly owned subsidiary of National Skill Development Corporation (NSDC), announced its acquisition of a 10% equity stake in Startup Stairs, an initiative of AVPL International promoters.

Startup Stairs aims to drive AVPL International’s success by incubating drone entrepreneurs and providing them with expertise, resources, and funding in exchange for equity. The proprietary platform, Drone Planet, will facilitate startup hackathons every 3-6 months, allowing participants access to expert mentorship and robust networks. While NSDC International will extend its expertise in skilling and marketing to support youth entrepreneurs, Startup Stairs will focus on providing seed-stage acceleration and expert guidance across market strategies, legal frameworks, finance, and product development.

Shri Ved Mani Tiwari, CEO of NSDC and MD of NSDC International, said, “This investment in Startup Stairs signifies our dedication to empowering rural entrepreneurship and driving innovation across India. By nurturing around 1 lakh rural entrepreneurs, we aim to cultivate a vibrant ecosystem where creativity and skills converge to create sustainable solutions. This partnership is not merely about financial support; it is about building a self-reliant India where every entrepreneur has access to the resources and guidance needed to thrive.”

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“At Startup Stairs, a DPIIT-recognized incubator, we are committed to fostering innovation in futuristic sectors such as drones, EVs, AI, robotics, and AR/VR. With the recent launch of our dedicated portal, Drone Planet, we aim to support drone startups by providing mentorship, networking opportunities, and marketing access. We are also planning to introduce similar platforms for other sectors as part of our vision to transform this initiative into a Unicorn in the coming years.” said Deep Sihag Sisai, Founder and Director of Startup Stairs and AVPL International.

NSDC International is a 100% subsidiary company of NSDC that is enabling the Skill India International objectives to make India a global source of quality talent, provide global job opportunities for resident Indians, provide global career mobility for overseas Indians, and create an internationally benchmarked quality skills ecosystem.

Startup Stairs is a DPIIT-recognized Incubator and an initiative of AVPL International. With a focus on promoting startups in the fields of drones, EVs, AI, and robotics, the company aims to drive innovation and empower entrepreneurs through mentorship and resources.

TAGGED:National Skill Development CorporationNSDC InternationalStartup Stairs

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