THEBUSINESSBYES BUREAU

NEW DELHI, SEPTEMBER 15, 2026

Gujarat-based construction-technology startup MiCoB has secured a Rs 30 crore investment commitment on entrepreneur Gautam Adani's nationwide grassroots innovation initiative Vande Bharatam, marking the largest deal recorded on the programme this season.

The commitment came on Episode 7 of Vande Bharatam, aired on September 14, from a panel comprising Karan Adani, Managing Director of Adani Ports & Special Economic Zone Ltd, Kalyan Krishnamurthy, CEO of Flipkart, Ashutosh Valani, Co-Founder of RENÉE Cosmetics, and Rajeev Kalambi, Co-Founder and General Partner at Cactus Partners.

The Rs 30 crore commitment was jointly offered by Krishnamurthy and Valani. Separately, Karan Adani offered support for MiCoB's ongoing and future construction projects, potentially opening avenues for the deployment of the startup's technology across Adani Group infrastructure.

Founded by Ankita Sinha, Shashank Shekhar and Rishabh Mathur, MiCoB has developed a full-stack Digital Construction Manufacturing platform that goes beyond robotic 3D printing.

Its platform integrates proprietary printable concrete materials, automated batching, intelligent mixing and pumping, controlled extrusion, robotic deposition, digital process planning and quality control into a single coordinated workflow.

The company aims to transform construction into a controlled, manufacturing-led process, reducing dependence on conventional formwork and manual site execution while enabling faster project delivery, lower material wastage and more consistent, scalable quality.

MiCoB's technology is already deployed across defence, infrastructure and civil construction applications, including bunkers, retaining structures, modular buildings, hospitality structures and industrial components.

The startup positions itself as a technology and execution partner for large infrastructure groups seeking to accelerate construction while improving efficiency, material utilisation and predictability.

"MiCoB is a clear example of what Vande Bharatam is designed to surface — deep-tech innovation that's already solving real infrastructure problems on the ground. Their platform has the potential to change how we build in this country, and we're glad to back that journey," Karan Adani said.

Krishnamurthy said the startup's existing deployments across defence, infrastructure and industrial sites were a key factor behind the investment decision.

"What convinced us wasn't just the technology — it was seeing MiCoB's platform already deployed and working across defence, infrastructure and industrial sites. That's rare at this stage, and it's why we moved quickly to back them," he said.

MiCoB's Rs 30 crore commitment is the largest single commitment recorded on Vande Bharatam so far this season and represents the biggest investment deal of its kind in India across similar platforms, highlighting the growing investor interest in deep-tech solutions aimed at transforming conventional construction.

The deal also underscores the potential of advanced construction technologies as India expands its infrastructure and development footprint, with automation and digital manufacturing increasingly being explored to address execution time, material efficiency and scalability.

Vande Bharatam, launched by Gautam Adani, is a nationwide grassroots innovation movement aimed at identifying, nurturing and showcasing entrepreneurial talent from across India's States and Union Territories.

Through a structured selection process, mentorship opportunities and a national finale, the initiative seeks to broaden access to entrepreneurial opportunities and support the next generation of Indian innovators.

The current season will conclude with its Grand Finale on September 17, where winners will compete for a Rs 2 crore cash prize backed by the Adani Group.