StartupFloraiCreate Funding Success ₹50L Granted to NUMBER7 AI for MSME Innovation
In a powerful testament to innovation and startup excellence, NUMBER7 AI, under the stewardship of Vishal Rajput (Founder) and Naveen George (CMO), has secured a crucial milestone — ₹50 Lakh grant funding received from the iCreate Scheme. This momentous achievement was made possible through the unwavering support and guidance of StartupFlora, a platform committed to nurturing India’s next generation of disruptive ventures.
NUMBER7 AI: Redefining Document Intelligence for MSMEs
Founded in 2024 in Noida, India, NUMBER7 AI is a pioneering AI-native company transforming how Micro, Small, and Medium Enterprises (MSMEs) handle document workflows.
Mission
To turn unstructured documents into structured, actionable intelligence—eliminating manual inefficiencies and empowering businesses to focus on strategy and outcomes.
Work Ethic
The company prides itself on working with 100% transparency with its clients, ensuring trust, clarity, and collaboration at every step of the journey.
Meet AIDAPTIQ: The Future of Document Workflow Automation
At the core of NUMBER7 AI’s innovation is AIDAPTIQ, their flagship AI platform designed to automate and optimize document workflows—without templates, training, or mapping.
Key Features:
- 99.8%+ Accuracy: Extracts data even from handwritten or complex documents.
- No Templates Needed: Zero-shot, agentic AI eliminates rigid setups.
- Seamless Integrations: Works with ERPs, emails, and APIs.
- Automated Validation & Reporting: Reduces human dependency.
Industry-Specific Impact
AIDAPTIQ is delivering measurable results across key industries:
- Accounting & Finance: Cuts manual work by 70%, speeds reporting by 80%.
- Retail Procurement: Boosts efficiency by 60%, shortens reconciliation time by 75%.
- Manufacturing: Achieves 99.8% accuracy in PO-GRN-invoice matching.
- Logistics & Supply Chain: Reduces processing time by 70%, ensures 100% visibility.
Success Ratio in Government Funding Schemes
| Scheme | Success | Latest Ratio / Progress | Estimated Budget |
| PMEGP (KVIC) | % of applications that get sanctioned/disbursed | FY 23–24: Sanction ≈ 32.4%; Disbursed ≈ 16.5%. FY 24–25 (so far): Sanction ≈ 28.5%; Disbursed ≈ 24.6% → Disbursed/Sanction ≈ 86.4%. | ₹13,554.42 crore (14th Finance Commission Cycle, 2021–2026) |
| PM SVANidhi | Disbursed/Sanctioned loans | As of March 2024: ≈ 95.7% (84.15 lakh disbursed of 87.94 lakh sanctioned). | ₹7,332 crore (restructured extension till March 2030) |
| PMMY (Mudra loans) | Disbursed/Sanctioned amount | FY 23–24: ≈ 98.3% (₹5.32 L cr disbursed / ₹5.41 L cr sanctioned; 6.68 cr loan accounts). | operates via loan sanctions (not fixed corpus) |
| PMMY (Mudra loans) | Disbursed/Sanctioned amount | FY 23–24: ≈ 98.3% (₹5.32 L cr disbursed / ₹5.41 L cr sanctioned; 6.68 cr loan accounts). | ₹945 crore corpus (2021–2025) |
| SISFS (Startup India Seed Fund) | Progress vs program target (impact proxy) | By Dec 2024: 2,622 startups supported via 213 incubators (~73% of 3,600-startup target). | |
| Stand-Up India | Volume of loans sanctioned (applications not disclosed) | > 2.59 lakh loans sanctioned (cumulative). | No specific budget identified in current sources. |
| CGTMSE (Credit Guarantee for MSMEs) | Guarantee approvals (scale, not application ratio) | FY 22–23: Crossed ₹1 L cr guarantees; FY 23–24: 17.24 lakh guarantees (₹2.96 L cr). | ₹9,000 crore corpus infusion (FY 2023–24) supporting additional credit guarantees; prior to that, corpus increased to ₹7,500 crore (GoI-funded) |
| ICreate (EVangelise + Incubation) | Supported innovations vs applications | EVangelise ’23: > 2,700 entries received; 12 winners selected → Success rate ≈ 0.44%. ICreate as incubator has supported over 377 innovations and 30+ patents. | No definite government budget |
Know About iCreate Funding Scheme
iCreate functions primarily as a technology business incubator, offering a range of funding pathways—both grants and investments—to support startups at various stages of their journey.
1. NIDHI-SSS (Seed Support System)
- Seed funding of ₹25–45 lakh per startup.
- iCreate may optionally take 7.5% equity at par, which dilutes with future funding rounds.
- In exceptional cases, grants can go up to ₹100 lakh.
- Total incubation budget for this round: ₹250 lakh.
2. Spark-up Idea Fund
- Tailored for students and early-stage innovators.
- Includes a 3-day bootcamp with mentorship support.
- Funding of up to ₹50,000.
3. Pro-Fund Gateway (Technology Exploration Cell)
- ₹2 lakh grant for proof-of-concept development.
- ₹4 lakh EiR (Entrepreneur-in-Residence) support for idea validation.
- ₹7 lakh grant for startups progressing from PoC to MVP.
- Investment support of up to ₹40 lakh for commercialization-ready startups.
4. Startup Gujarat Initiative
- Grants of up to ₹30 lakh over 12 months.
- Supports product development and go-to-market strategies.
5. Other Programs
- Initiatives like iLab@iCreate, i3A (India–Israel Accelerator), and EVangelise offer a combination of mentoring, prototyping, and investor access.
Recent Successes of ICreate Scheme
- EVangelise 2023: Over 2,700 entries received; only 12 winners selected—a success rate of just 0.44%.
- Incubator Impact: iCreate has supported 380+ innovations and enabled 30+ patents, significantly contributing to India’s startup ecosystem.
- AI Startup Milestone: Vishal Rajput (Founder) and Naveen George (CMO) secured a ₹50 lakh grant through the iCreate scheme. This achievement was made possible with the dedicated support of StartupFlora, a platform committed to nurturing India’s next generation of disruptive ventures.
How Funding Empowers NUMBER7 AI to Bridge Industry Gaps
Receiving funding is a powerful entry card to future growth, and for companies like NUMBER7 AI, it marks the beginning of a transformative journey. With the ₹50 Lakh funding received, NUMBER7 AI can accelerate the launch of new AI-driven products, expand its innovation pipeline, and bridge critical gaps in industries through solution-focused projects. This capital infusion empowers the team to not only enhance AIDAPTIQ but also develop cutting-edge technologies that solve real-world business problems—bringing scalable, intelligent automation to more sectors and solidifying their role as a leader in document intelligence.
Closing the Gap with Agentic AI
Traditional systems are rigid and error-prone. AIDAPTIQ fills this critical gap by offering flexible, agentic automation that adapts instantly to any document or workflow—without requiring additional manpower or redesign.
StartupFlora: Enabling Startups with Vision, Value, and 100% Transparency
StartupFlora is more than a startup support ecosystem—it’s a movement toward growth-centric mentorship, funding access, and scale-up solutions. The platform envisions a future where every startup has the tools, knowledge, and network to succeed. With a commitment to 100% transparency, StartupFlora ensures startups receive honest, structured, and goal-driven support across every touchpoint.
Their role in enabling NUMBER7 AI to secure the funding received from the iCreate grant is just one of many success stories that speak to their credibility and vision for a self-sustaining startup ecosystem.
Looking Ahead
With their recent ₹50 Lakh funding received from the iCreate scheme, enabled by StartupFlora’s transparent and expert guidance, NUMBER7 AI is set to scale globally and reshape the document intelligence landscape for MSMEs.
Together, StartupFlora and NUMBER7 AI represent the future of innovation, automation, and startup success in India.