PE-VC Fund Investments
Electronics design player Elecbits raises $5.5 M led by Nexus Venture Partners
Gurugram-based electronics design and manufacturing startup Elecbits has raised USD 5.5 million in a Series A round led by Nexus Venture Partners, with participation from SE Ventures and Riverwalk Holdings.Founded in 2019 by Saurav Kumar Singh and Nikhil Rawat, Elecbits provides supply chain services and technical expertise for the electronics industry. Its core offerings include component sourcing, PCB assembly and fabrication, tailored electronics consultation, and engineering solutions covering PCB designing, firmware development, industrial designing, and embedded testing.The company plans to use the new funds to scale its electronics engineering and manufacturing platform, Elecbits XOR, enhance in-house capabilities, and support international market expansion.
In Mar-24, Elecbits had attracted about USD 1.41 M from Nexus Venture Partners, Riverwalk Holdings, Others. .
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