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Brandworks Technologies closes $11 Mn Series A round

EntrackrEntrackr · 4h ago
Brandworks Technologies closes $11 Mn Series A round
Medial

Brandworks Technologies, a design-driven electronics manufacturing company, has completed its Series A funding round at $11 million (Rs 100 crore) following an additional $4 million (Rs 38.12 crore) investment from the Roha Family Office. The earlier tranche of $7 million (Rs 61 crore) was raised in August 2025, led by Cactus Partners with participation from GVFL and other family offices. The funding will be used to accelerate global expansion, strengthen R&D, and scale advanced design capabilities in AI hardware, IoT platforms, and connected device ecosystems. Brandworks will also establish a Design Centre in Taiwan and expand its engineering and operations teams to support innovation-led growth. Founded by Nikita Kumawat and team, Brandworks integrates R&D and manufacturing to design and produce electronics products for global markets. The firm focuses on AI and IoT hardware, audio systems, automotive electronics, renewable energy devices, and power and charging technologies. Brandworks plans to deepen its innovation-led manufacturing strategy and position itself as a key contributor to India’s emerging high-tech hardware ecosystem.

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Cactus Partners leads $7 Mn Series A round in Brandworks Technologies

EntrackrEntrackr · 3m ago
Cactus Partners leads $7 Mn Series A round in Brandworks Technologies
Medial

Cactus Partners leads $7 Mn Series A round in Brandworks Technologies Early-growth venture capital fund Cactus Partners (CPL) has led a $7 million (Rs 61 crore) Series A round in Brandworks Technologies, a fast-growing electronics R&D and manufacturing company. The round also saw participation from Gujarat Venture Finance Limited (GVFL), Legacy Assets, and the Hira Group. The fresh capital will be used to expand R&D centers, enter key global markets, invest in next-gen product platforms, and scale manufacturing with new high-efficiency production lines. It also plans to hire top engineering and operations talent to strengthen its innovation capabilities. Founded by Ishwar Kumhar and Nikita Kumawat, Brandworks specializes in next-generation electronics design and manufacturing, delivering solutions across AI hardware, IoT, advanced audio systems, charging technologies, financial devices, surveillance systems, and renewable energy products. The firm partners with leading global chipmakers to co-create technology with a focus on design excellence, manufacturing precision, and customer success. This is Cactus Partners’ 11th investment from its maiden fund and its third in the manufacturing sector, following previous bets on companies like Lohum, Indigrid, Intangles, and Vitraya.

Atomicwork closes Seed round at $14 Mn

EntrackrEntrackr · 1y ago
Atomicwork closes Seed round at $14 Mn
Medial

B2B SaaS startup Atomicwork has raised an additional $3 million in its seed round from Abhinav Dhar, ex-CIO of TransUnion, Prasad Ramakrishnan, CIO and technology leader, Avanish Sahai, former ecosystem leader at Salesforce, ServiceNow, and Google Cloud and Rich Waldron, CEO of Tray. The firm’s existing investors like Storm Ventures, Z47 (formerly Matrix Partners), Blume Ventures, and Neon Fund also participated in the round. This is the second tranche of its seed round. In September last year, Atomicwork had raised $11 million led by Blume Ventures and Matrix Partners India. With this, the total funding for the startup stands at $14 million. The proceeds will be used for enterprise AI agent technology, fuel the firm’s GTM team expansion in the United States over the next three years, the company said in a press release. Founded in September 2022 by Vijay Rayapati, Kiran Darisi, and Parsuram Vijayasankar, Atomicwork provides software that automates workflows under the information and technology (IT), human resources (HR), finance, and other business functions. It helps companies instantly help their employees by collecting tribal knowledge from across the organization – stored in docs, wikis, information systems, email threads, and chat conversations. Previously, Rayapati had founded Minjar which raised $2 million before getting acquired by US-based publicly-listed cloud infrastructure company Nutanix for about $50 million. Blume also invested in Minjar’s initial funding round. Darisi and Vijayasankar were part of the founding team of SaaS unicorn Freshworks.

Udaan closes Series G round at $114 Mn

EntrackrEntrackr · 5m ago
Udaan closes Series G round at $114 Mn
Medial

Udaan closes Series G round at $114 Mn: B2B e-commerce platform Udaan has announced the closure of its Series G round at $114 million, led by M&G Investments and Lightspeed, with participation from other existing and new investors. In February, the Bengaluru-based company raised $75 million as the first tranche of the Series G round at a flat valuation. According to Entrackr’s estimate, Udaan was valued at around $1.8 billion in the previous round, when it raised $340 million led by M&G Plc, with participation from Lightspeed and others. The fresh capital will be deployed to strengthen Udaan’s category and customer footprint, with focus on fast-moving consumer goods (FMCG) category and hotel, restaurant, and catering (HoReCa) customer segment, the company said in a press release. Udaan will also accelerate its private label brands initiatives in the staples category. This capital raise will also fortify Udaan’s balance sheet, providing enhanced financial flexibility as the company advances toward its public market debut. “Over the last 3 years, we have transformed the business by building cost as a capability and a competitive advantage. We have reduced our EBITDA burn by 40% every year for the last 3 years and are on track to achieve full group EBITDA profitability in the next 18 months,” said Vaibhav Gupta, co-founder and CEO, Udaan. Udaan claims to have clocked more than 60% year-on-year (Y-o-Y) growth in CY 2024, alongside a contribution margin improvement of over 300 basis points. Along with this margin growth and operating leverage at scale, Udaan also reduced its fixed costs by 20%, resulting in a 40% reduction in EBITDA burn in CY 2024 and an additional 20% reduction year-to-date in CY 2025. While Udaan has yet to disclose its FY25 numbers, its gross revenue (GMV) grew only 1.7% to Rs 5,706.6 crore in FY24, compared to Rs 5,609.3 crore in FY23. However, it managed to control its losses by 19.4% to Rs 1,674.1 crore in the same period.

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