Latest news with #IshwarKumhar
News18
12-08-2025
- Business
- News18
Cactus Partners leads USD 7 mn funding round in Brandworks Technologies
Last Updated: New Delhi, Aug 12 (PTI) Venture capital firm Cactus Partners has led a USD 7 million (about Rs 61 crore) funding round in electronics design-led manufacturing company Brandworks Technologies, the investment firm said on Tuesday. The round also saw the participation from Gujarat Venture Finance Limited (GVFL), Legacy Assets, and the Hira Group. Brandworks plans to use the fund for expansion and upgradation of its research and development centres, 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, the statement said. 'Cactus Partners (CPL), an early-growth venture capital fund, has led a USD 7 million Series A round in Brandworks Technologies Pvt Ltd, one of India's fast-growing electronics design-led manufacturing companies that transforms ideas into market-ready products," the statement said. '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," Cactus Partners, general partner, Amit Sharma said. Brandworks Technologies provides solutions for AI hardware, IoT solutions, advanced audio systems, charging technologies, financial devices, surveillance systems, and renewable energy products. It also partners with leading global chip companies to co-create solutions with a focus on design excellence, manufacturing precision, and customer success. '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," Brandworks Technologies Co-Founder Ishwar Kumhar said. PTI PRS DR DR view comments First Published: August 12, 2025, 13:45 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
The Wire
01-07-2025
- Business
- The Wire
Brandworks Technologies and DPIIT Forge Strategic Partnership to Catalyze India's Electronics Start-up Ecosystem
Bolstering product start-ups and entrepreneurs - The MoU focuses on providing start-ups and innovators in electronics hardware, IoT, communication module design, and AI-enabled hardware - with resources, mentorship, access to infrastructure and markets, and offer targeted investments to foster innovation and growth. New Delhi, Delhi, India – Business Wire India In a move towards technological self-reliance, Brandworks Technologies through its newly launched vertical BIRF (Brandworks Innovation Research Foundation), and the Department for Promotion of Industry and Internal Trade (DPIIT) signed a Memorandum of Understanding (MoU) at Vanijya Bhawan, New Delhi. The memorandum aims to support product start-ups, MSME's and entrepreneurs; strengthening India's manufacturing and innovation quest to become a valued partner in the global electronics value chains. Advancing India's Electronics Ecosystem Aligned with the Make in India Vision The MoU formalizes the series of dialogue between DPIIT's Startup India initiative and Brandworks – a homegrown electronics leader whose journey from a workshop to an industry-frontrunner mirrors India's growth story. For Ishwar Kumhar, Brandworks' Founder & CEO, this partnership is special: "Having navigated the challenges of prototype dead ends, supply chain gaps, and scaling hurdles, we are uniquely positioned to guide an emerging innovator." The agreement establishes a shared responsibility framework where DPIIT's national ecosystem will facilitate network access, program participations and co-branding through Startup India and Brandworks' will extend its vital resources, expert mentorship, advanced infrastructure and targeted investments to unleash the power of innovation. Mr. Sanjiv Singh, IRS, DPIIT joint secretary added: 'this collaboration reflects our dedication to foster world-class products that highlight India's manufacturing excellence." Under The Agreement: BIRF's Comprehensive Startup-Enablement Framework delivers end-to-end innovation support: • Lab-to-Market Manufacturing Access: Startups can leverage Brandworks' incubation centre providing for - advanced prototyping labs (featuring 3D printing, modular PCBAs, and comprehensive testing workflows) - and tools for R&D (for GaN technology, IoT firmware, and material sciences). • Scalable Growth Pathway: Structured incubation program targeting 15 startups in 2025-26 and 200 within 3-5 years across core domains especially in electronics hardware, IoT systems, communication modules, and AI-accelerated devices • Expert Mentorship: Strategic advice on IP, costing and product commercialization facilitating global market access, export compliance, and cross-border investor connections. • Certification Support: Guidance for CE, UL, BIS, and pre-certified modules & RoHS-compliant SMT lines and scaling assistance. Addressing India's electronic challenge; Time is Now With India's electronics market valued at $91 billion and growing, there remains a critical need for domestic innovation in semiconductors and precision components. The MoU addresses this gap by supporting hardware start-ups through every stage of development. "Most hardware start-ups falter before reaching production," explains Kumhar. "Our experience enables us to help them overcome these barriers." The timing aligns with India's PLI schemes and global supply chain realignment, presenting a unique opportunity to strengthen home grown innovation. Looking forward, the partnership underscores Brandworks' commitment to build resilient local supply chains and foster commercially viable innovations – a vision that promises to transform India's electronic landscape. To View the Image, Click on the Link Below: Charting India's electronics innovation frontier: DPIIT leaders Sanjiv Singh (Joint Secretary), Sumeet K. Jarangal, Seema Charan and Surabhi Gupta with Brandworks officials, Ishwar Kumhar (Founder & CEO), Anindya Sengupta and Sameer Jain at the landmark D (Disclaimer: The above press release comes to you under an arrangement with Business Wire India and PTI takes no editorial responsibility for the same.).
Business Standard
01-07-2025
- Business
- Business Standard
Brandworks Technologies and DPIIT Forge Strategic Partnership to Catalyze India's Electronics Start-up Ecosystem
BusinessWire India New Delhi [India], July 1: In a move towards technological self-reliance, Brandworks Technologies through its newly launched vertical BIRF (Brandworks Innovation Research Foundation), and the Department for Promotion of Industry and Internal Trade (DPIIT) signed a Memorandum of Understanding (MoU) at Vanijya Bhawan, New Delhi. The memorandum aims to support product start-ups, MSME's and entrepreneurs; strengthening India's manufacturing and innovation quest to become a valued partner in the global electronics value chains. Advancing India's Electronics Ecosystem Aligned with the Make in India Vision The MoU formalizes the series of dialogue between DPIIT's Startup India initiative and Brandworks - a homegrown electronics leader whose journey from a workshop to an industry-frontrunner mirrors India's growth story. For Ishwar Kumhar, Brandworks' Founder & CEO, this partnership is special: "Having navigated the challenges of prototype dead ends, supply chain gaps, and scaling hurdles, we are uniquely positioned to guide an emerging innovator." The agreement establishes a shared responsibility framework where DPIIT's national ecosystem will facilitate network access, program participations and co-branding through Startup India and Brandworks' will extend its vital resources, expert mentorship, advanced infrastructure and targeted investments to unleash the power of innovation. Mr. Sanjiv Singh, IRS, DPIIT joint secretary added: "this collaboration reflects our dedication to foster world-class products that highlight India's manufacturing excellence." Under The Agreement: BIRF's Comprehensive Startup-Enablement Framework delivers end-to-end innovation support: * Lab-to-Market Manufacturing Access: Startups can leverage Brandworks' incubation centre providing for - advanced prototyping labs (featuring 3D printing, modular PCBAs, and comprehensive testing workflows) - and tools for R & D (for GaN technology, IoT firmware, and material sciences). * Scalable Growth Pathway: Structured incubation program targeting 15 startups in 2025-26 and 200+ within 3-5 years across core domains especially in electronics hardware, IoT systems, communication modules, and AI-accelerated devices * Expert Mentorship: Strategic advice on IP, costing and product commercialization facilitating global market access, export compliance, and cross-border investor connections. * Certification Support: Guidance for CE, UL, BIS, and pre-certified modules & RoHS-compliant SMT lines and scaling assistance. Addressing India's electronic challenge; Time is Now With India's electronics market valued at $91 billion and growing, there remains a critical need for domestic innovation in semiconductors and precision components. The MoU addresses this gap by supporting hardware start-ups through every stage of development. "Most hardware start-ups falter before reaching production," explains Kumhar. "Our experience enables us to help them overcome these barriers." The timing aligns with India's PLI schemes and global supply chain realignment, presenting a unique opportunity to strengthen home grown innovation.
