Mekr, an electronics manufacturing platform, raises ₹67 Cr to support research and development.

Titan Capital Winners Fund participated in the investment round, which was headed by Avaana Capital. Mekr intends to increase its spending in R&D, product engineering, proprietary tooling, and supplier localization with the new funding. It runs a digital manufacturing platform that assists businesses in producing electronic goods by handling supply chains, sourcing, components, and assembly.With participation from Titan Capital Winners Fund, Mekr Technologies, a full-stack design and manufacturing platform for consumer appliances, has secured ₹67 crore in a Series A round managed by Avaana Capital. Anand Yadav and Gaurang Kuchhal founded the business in 2022 with the goal of creating an integrated system for the design and production of household goods in India. From concept and prototype to tooling, certification, and mass production, the platform encompasses the whole product lifecycle.

This facilitates the quicker and more effective deployment of energy-efficient products by brands.In order to directly address India's structural reliance on foreign appliance components, Mekr is developing foundational engineering and unlocking manufacturing capabilities. Faster innovation cycles, more cost effectiveness, and more robust supply chains are made possible by its design-led, modular architecture. We think that platforms like Mekr, which are creating large-scale, globally competitive, design-first production ecosystems, would improve India's manufacturing and supply chain resilience and establish the nation as a global manufacturing hub. Vikas Verma, Avaana Capital Partner