Karkhana.io raises $6.3 million in Series A funding

Mumbai-headquartered custom manufacturing platform Karkhana.io has raised $6.3 million (Rs 52 crore) in Series A fund led by Arkam Ventures and Susquehanna Asia Venture Capital. The round also saw participation from existing investors Vertex Ventures Southeast Asia and India.

The new funding will be deployed to fuel the expansion of its supplier base, strengthen the electronics supply chain, and drive scaling efforts in the US and Europe.

The company says India’s manufacturing sector is expected to be worth $1 trillion by 2025-26, and contributions from MSMEs will be pivotal in achieving this lofty goal.