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Today: May 13, 2024
January 9, 2024
1 min read

Karkhanaio Secures $63M in Series A, Backed by Prominent Investors

TLDR:

  • Custom manufacturing platform Karkhana.io has raised $6.3 million in a Series A funding round led by Arkam Ventures and Susquehanna Asia Venture Capital.
  • The funds will be used to expand the company’s supplier network, establish an electronics supply chain, and drive scaling efforts in the United States and Europe.

Custom manufacturing platform Karkhana.io has secured $6.3 million in a Series A funding round led by Arkam Ventures and Susquehanna Asia Venture Capital. The funding will be used to fuel the expansion of the company’s supplier network, establish an electronics supply chain, and drive scaling efforts in the United States and Europe. Karkhana.io’s platform offers sourcing and contract manufacturing solutions to original equipment manufacturers (OEMs) and technology companies, working primarily with micro, small, and medium-sized enterprises (MSMEs) in India. The company aims to empower over 3,000 MSME suppliers within the next three years.

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