Karkhana.io, a B2B on-demand manufacturing platform, raised a seed round of $1.5 mn led by Vertex Ventures Southeast Asia & India. It also saw participation from several angel investors & plans to use this funding round for growth initiatives and establish its technology platform to meet the demand for custom manufacturing.
The startup believes that by working closely with a large network of manufacturers, it can integrate operations for clients, as well as gain control over the quality of work delivered. Though, the online platform of Karkhana.io has the tools for manufacturers to manage projects more effectively while providing visibility of progress on the projects.
“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,” said, Sonam Motwani, Founder & CEO, Karkhana.io.