Electronics manufacturer Indkal Technologies raising $100 million by June
Subscribe to enjoy similar stories. Bengaluru-based electronics designer and manufacturer, Indkal Technologies, is closing its next venture capital-backed funding round—raising $100 million by June this year. Speaking with Mint, Anand Dubey, chief executive of Indkal Technologies, said that the company is close to finalizing its upcoming funding round, and before this it will also make its first product announcement as a design-led electronics manufacturing firm.
“We’re currently in talks with marquee investors, including those with electronics-focused funds, to raise our next round of funding. We have multiple term sheets under consideration, with a little more than $100 million available for us to tap. Our existing investors will also be a part of the next funding round, and we are looking to close the round within the next two to three months," Dubey said.
Design-led manufacturing firms typically earn higher margins from their efforts to manufacture consumer electronics devices in comparison with pure-play contract manufacturers. While the latter simply execute device assembling and primarily earn by building massive scale, design-led manufacturers such as Indkal license brands and trademarks, and apply their product designs to these brands. The design-led manufacturing route helps generate larger margins and more localization of an electronics device in the country—and it could move India one step closer to generating more local value.
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