PE-VC Fund Investments
Consumer appliance maker Mekr Technologies raises Rs.67-Cr led by Avaana Capital
New Delhi-based consumer appliance design and manufacturing startup Mekr Technologies has raised INR 67-Cr in a funding round led by Avaana Capital, with participation from existing investor Titan Capital Winners Fund.Founded in 2022 by Anand Yadav and Gaurang Kuchhal, the startup functions as an original design manufacturer (ODM) for home, kitchen, and personal care appliances, as well as car accessories, specialising in PCB assembly, plastic moulding, and metal processing.The new funds will be used to strengthen its research and development, automate manufacturing processes, and improve supplier localisation. The firm is adding a new 1 lakh square-foot unit to its existing facility in Kundli, Haryana, with the goal of increasing total output to nearly 10 lakh units per month.
Between Jun 2022 and Sep 2024, Mekr had attracted about USD 2 M from 2AM Ventures, Better Capital, SiriusOne Capital and others.For FY25, Mekr had reported about INR 38 Cr in Operating Income and about INR 4 Cr in PAT.
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