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Today: May 23, 2024
January 9, 2024
1 min read

Karkhanaio Secures Impressive $63M Funding from Prominent Investment Giants

TLDR:

  • Manufacturing solutions provider 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 supplier base, establish a robust electronics supply chain, and expand into the US and Europe.

Indian manufacturing MSMEs generate 45% of industrial output and 40% of all exports, but many small suppliers struggle to tap into new order flows and maximize capacity utilization.

The technology-enabled platform of Karkhana.io connects OEMs and technology companies with its network of over 400 manufacturing MSMEs in India, providing sourcing and contract manufacturing solutions.

The company’s vision is to empower more than 3,000 MSME suppliers in the next three years.

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