The Topic view for WPID=54657 simulated rendering in new page.

Visual layout may differ depending on browser and as rendered by Older view in Website

On-demand manufacturing platform Scoops up Seed Funding

ItemDate=2021-04-08 00:55:25 Status=publish

TopicTaglist=['G0', 'V4']

#News(Startup) [ via IoTGroup ]

Vertex Ventures Southeast Asia & India has spearheaded a seed funding round in B2B on-demand manufacturing platform . The seed funding round was worth USD 1.5mn and the round also saw participation of other investors. However the names of other investors were not disclosed. The startup said that it will use the seed funding to ramp up its technology for meeting demand in India’s manufacturing sector. Most of its technological up-gradation will constitute of building its on-demand cloud manufacturing platform.

Founder and CEO Sonam Motwani said “Finding the right manufacturing vendor is a tedious and time-consuming process. The industry is still highly fragmented. There is no easy way to figure out which manufacturing process to go for where to manufacture and what is a fair price to pay etc. We want to change this so that new products can go from prototyping to production seamlessly at a much quicker pace.” Incorporated in June 2018 aims to completely digitize and streamline the manufacturing industry in India.’s mission involves working with various types and sizes of manufacturers throughout the country and alleviating pain points that are prevalent across the supply chain. This includes coordinating production and delivery for multiple small parts delays inconsistency in quality lack of transparency etc. The startup claims that it is already enabling building cutting edge technology in India – from deep-sea underwater robots to satellite and rocket for outer space to components for electric vehicles IOT and FMCG industries. The startup also claimed that despite 2020 was a very painful year for the Manufacturing sector it still managed to add new clients and continued to scale the team as well as revenues through the year. Commenting on the funding Kanika Mayar Executive Director at Vertex Ventures SEA & India said “Manufacturing is one of the largest sectors in India but suffers from extreme inefficiency and capacity

Read More.. AutoTextExtraction by Working BoT using SmartNews 1.03976805238 Build 04 April 2020

Footer info Your browser may cache and not show current data. On windows use CNTRL+F5 key and on Mac Shift+Refresh(browser). See more details. You may need to rotate small screen phones to landscape mode for using some menu or some views.You may contact us here if needed.