Manufacturing startup Brandworks Technologies raises $4 million from Roha Family Office
Brandworks Technologies, a manufacturing startup, has raised $4 million from the Roha Family Office.
This is the second tranche of the funding round. In August, the company raised $7 million in the first tranche, which was led by Cactus Partners with participation from GVFL and some family offices.
The company will use the funding for research and development (R&D) of AI hardware, IoT platforms and connected device ecosystems; expansion of R&D; and global expansion.
“We are expanding our R&D to create more intellectual property (IP) products. That's how we can evade the competition,” said Nikita Kumawat, cofounder and director, Brandworks Technologies. Currently, the company is filing for IPs for its home audio items.
The Mumbai-headquartered company handles everything from design to the manufacture of products such as home audio systems, fintech soundboxes, surveillance devices, power electronics and personal audio devices for domestic and international clients.
The company’s manufacturing unit in Mumbai has about 250 employees. It recently opened an office in Bengaluru for R&D. “We are in conversation with partners in Taiwan to begin our operations there. We are also exploring options in Hong Kong,” Kumawat told ET.
“Their focus (Brandworks) on quality, innovation, and operational excellence, along with a deep understanding of global supply chains, aligns seamlessly with the Make in India initiative,” said Mahesh Tibrewala, managing director, Roha Family Office, in a statement.
This is the second tranche of the funding round. In August, the company raised $7 million in the first tranche, which was led by Cactus Partners with participation from GVFL and some family offices.
The company will use the funding for research and development (R&D) of AI hardware, IoT platforms and connected device ecosystems; expansion of R&D; and global expansion.
“We are expanding our R&D to create more intellectual property (IP) products. That's how we can evade the competition,” said Nikita Kumawat, cofounder and director, Brandworks Technologies. Currently, the company is filing for IPs for its home audio items.
The Mumbai-headquartered company handles everything from design to the manufacture of products such as home audio systems, fintech soundboxes, surveillance devices, power electronics and personal audio devices for domestic and international clients.
The company’s manufacturing unit in Mumbai has about 250 employees. It recently opened an office in Bengaluru for R&D. “We are in conversation with partners in Taiwan to begin our operations there. We are also exploring options in Hong Kong,” Kumawat told ET.
“Their focus (Brandworks) on quality, innovation, and operational excellence, along with a deep understanding of global supply chains, aligns seamlessly with the Make in India initiative,” said Mahesh Tibrewala, managing director, Roha Family Office, in a statement.
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