Electronics manufacturing Platform Mekr has raised Rs 5.8 Cr in seed funding round from Titan Capital and Better Capital. The round also saw participation from 2AM VC.
The startup plans to use the funds to strengthen sales, supply chain, technology and project management teams and working capital requirements.
The Delhi-based Mekr was founded in 2021 by Anand Yadav & Gaurang Kuchhal, It is a technology-first digital manufacturing platform for end-to-end electronic product manufacturing.
These second-time founders and themselves have gone through a journey from prototyping hardware products to mass production. Having experienced manufacturing challenges for the first time, they realized the difficulties in taking proof of concept projects for mass manufacturing of actual products to be used by consumers.
The company has a complete ecosystem for electronic product manufacturing such as facilities for manufacturing plastics, PCBA’s, metals, China sourcing and a strong R&D team.
Commenting on the funding, Gaurang Kuchhal, Co-founder & CEO, Mekr, “People often have a pre-conceived notion that it is not possible to beat China product costings. However, this is not true in reality. At Mekr, for all our projects, we have been able to match China pricing while delivering great product quality and a seamless manufacturing experience.”
“Mekr is building the Aatmanirbhar Manufacturing Platform of India to empower domestic product companies of all sizes with quality, scaling and price economics to compete with global competitors for the domestic as well as global markets. We are fortunate to be the founding stage partner to Anand and Gaurang as they build an important piece of the puzzle for leapfrogging Indian companies towards manufacturing leadership”, said, Vaibhav Domkundwar of Better Capital.
“Today electronics import comes second only after oil in India. It is very surprising that we have so much dependence on imports for electronics. Now, globally there is a shift of supply chains due to Covid and global geopolitical situations”, said, Bipin Shah, Partner – Titan Capital.
“India can make most of it due to its favourable conditions like – Manpower-talent, electricity rate, land availability (SEZ), domestic market size and government policies and support. Companies like Mekr will be pivotal in strengthening the Indian manufacturing ecosystem and making most of the manufacturing wave”, he added.
Customers interested in manufacturing electronics products can reach out to Maker with their product specifications, samples or manufacturing files. It works with its network of manufacturing partners, works on integration of various parts like software, plastics, electronics and delivers the complete product to the customer.
Mekr Technologies is a digital manufacturing platform that provides a one stop manufacturing solution for product companies and ensures a steady business for its manufacturing partners.
They provide the best prices, top quality and reliable lead times for manufacturing services. Customers enjoy a seamless experience for their manufacturing needs. Suppliers enjoy timely payments and working capital access while working through them. Thus, they are enabling a complete ecosystem for product manufacturing, especially in electronics, dealing with PCBA, plastics molding, metal processing, parts and semiconductor sourcing.