Brandworks Technologies, an electronics design-led manufacturing company, has raised $7 million in a Series A funding round led by Cactus Partners (CPL), an early-growth venture capital fund.
The round also saw participation from Gujarat Venture Finance Limited (GVFL), Legacy Assets, and the Hira Group.
The funds raised will be used to expand and upgrade its R&D centers, build partnerships and customer relationships in key international markets, and invest in next-generation product platforms with an emphasis on performance, sustainability, and global standards. The company will also scale manufacturing through new high-efficiency production lines and strengthen its innovation engine by hiring top engineering, design, and operations talent.
Founded in 2017 by Ishwar Kumhar and Nikita Kumawat, Brandworks Technologies is an electronics R&D, design and manufacturing company, delivering innovations across AI hardware, IoT solutions, advanced audio systems, charging technologies, financial devices, surveillance systems, and renewable energy products. Partnering with leading global chip companies, Brandworks co-creates cutting-edge solutions with a focus on design excellence, manufacturing precision, and customer success.
Ishwar Kumhar, Co-Founder, Brandworks Technologies, said, “This fundraise is fuel for a much larger mission — to make Brandworks a global leader in electronics R&D and manufacturing. We’re here to prove that world-class innovation can be imagined, designed, and built in India, and delivered to the world.”
Nikita Kumawat, Co-Founder of Brandworks, said, “Their proactive support and thoughtful involvement have been instrumental for us. As a founder-focused fund with deep expertise in the sector, Cactus Partners brings invaluable insight and commitment to helping entrepreneurial ventures like ours succeed. We greatly appreciate their partnership and look forward to achieving new milestones together.”
Amit Sharma, General Partner at Cactus Partners, said, “We are very excited to partner with Brandworks. The way Ishwar and Nikita have built this business so far is truly commendable. The robust and consistent growth, while maintaining healthy economics, is a testament to their impeccable execution. Electronics manufacturing as an industry is expected to grow at a healthy pace in the foreseeable future, thanks to the “Make in India” initiatives and changing supply chains and geopolitics. High quality and well-managed companies, such as Brandworks, are well poised to grow at a significantly faster pace than the industry. Brandworks has built the business in a very capital-efficient manner so far, and the capital infusion will further accelerate the growth curve. We look forward to working closely with the Brandworks team and support them with strategic resources in addition to capital.”
