PE-VC Fund Investments
Consumer electronics player Indkal raises $20-M bridge funding
Bengaluru-based consumer electronics company Indkal Technologies has raised USD 20 million in bridge funding from a mix of existing and new institutional investors, including domestic family offices. The capital infusion is part of Indkal’s Series B round, which is being executed in two stages - the bridge round, followed by a larger round towards the end of the financial year.The new funds will be used to support the expansion of Wobble, the firm’s brand for electronics products, which Indkal plans to launch across multiple display categories during the festival season. Wobble plans to expand overseas after gaining a foothold in India.Founded in 2020 by Anand Dubey, Indkal manufactures consumer electronics and large appliances for global brands such as Acer and Black+Decker.
In Jun 2024, Indkal had attracted about USD 36 M from Aries Opportunities Fund.For FY24, Indkal had reported about INR 621 Cr in Operating Income and about INR 14 Cr in PAT.
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