Prodo, a platform that offers on-demand manufacturing, has raised $1 million in a seed round of financing. Titan Capital, LetsVenture, and Dholakia Ventures all participated in the round, which was led by Inflection Point Ventures.
By standardising small and medium manufacturers, Prodo is creating a network of more than 500 production facilities that is connected to the rest of the world, as per reported by BW Disrupt.
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Sameen Husain, Cofounder & CEO, Prodo said, “India is home to 6 million MSME manufacturers. Currently, most of the MSME manufacturers operate on 50-60 per cent of their production capacity, through standardization and demand-supply mapping we plan to unlock a $2 billion manufacturing potential in the next 4 years. We are building a reliable and data-led manufacturing ecosystem.”
Prodo is an on-demand manufacturing and procurement platform that was established in 2021 by Sameen Husain and Abhiroop Srivastava. Prodo assists mid-sized and large businesses with their needs for bulk manufacturing.
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Ankur Mittal, Cofounder, IPV said “India’s manufacturing sector is expected to reach a $1 trillion dollar market size by 2030. I believe along with the government’s push, startups like Prodo can become key drivers in unlocking the potential of the sector. We’re excited to be a part of this story.”
By supplying them with consistent demand, working capital, materials, SOPs, and innovation to bring them up to speed with international production standards, Prodo supports its partner manufacturers, as per reported by BW Disrupt.
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Bipin Shah, partner, of Titan Capital said, “Companies onboard multiple vendors; while constantly looking for a direct-from-manufacturer experience. By becoming a mass manufacturer, Prodo is solving this. Moreover, the B2B buying experience today remains largely offline. We believe full stack marketplaces like Prodo, which operate in categories where on-time delivery and quality are crucial, can bring the whole buying experience online.”
About Prodo
Prodo provides end-to-end manufacturing and procurement service for made-to-order products. They serve clients across industries and boundaries. Prodo has partnered with 100s of manufacturers.
