[Funding News] Infratech Startup Mytek Innovations Secures Rs 6 Cr Debt in Funding

Mytek Innovations, an AI-based marketplace for EPC and manufacturing, has successfully secured Rs 6 crore in a debt funding round.

The funds will be allocated for expansion.

Mytek with the objective of assisting contractors in the organization of all project-related components, including workforce, equipment, tools, materials, and technology. Its unified platform facilitates the seamless execution of business operations across various formats, thereby guaranteeing sales with minimal customer acquisition costs. Additionally, it provides the utmost level of operational efficiency to enhance productivity and performance.

The Mumbai-based firm stated that its platform is constructed using sophisticated AI tools, blockchain technology, data analytics, and advanced algorithms, which enable it to meet the unique needs of various industries.

Read also - ReCircle Raises Undisclosed Funding Round

Mytek is presently concentrated on civil and electrical services, but it has plans to diversify its operations to include other sectors such as automobiles, manufacturing, textiles and garments, and cosmetics.

About Mytek Innovations

Founded in Shivkumar Borade, Mytek Innovations Pvt Ltd provides reliable services and quality solutions catering to all types of Engineering Consultancy and SITC services.

Want to go deeper into the world of startups and entrepreneurship? Check out these categories on VIESTORIES:

Startup Success Stories: Discover inspiring tales of startups overcoming challenges and achieving success.

Advertisment

Funding Startup News: Stay updated with the latest news and trends in startup funding and investment.

Startup Insights: Dive into in-depth analyses of various industries and market trends to make informed business decisions.