Deal Details

A promising Hardware B2B Tech startup from Bangalore with several Patents, National Institutes' Recognition & support.

Products& Services:

• Products: Standard and Customized Electrical & Electronics connectors for Indian & Global Market.
• Services: Design, Development, Testing, Manufacturing & Supply of precision engineering components (Plastics, metal) for Indian & Overseas customers.

USP:

• Indian Company that provides integrated solutions for design, development, testing, and manufacturing of connectors and contact terminals covering precision engineering plastic and metal components.
• Import Substitute, Cost Effective Solutions

Key Highlight:

• Revenue INR 2.16Cr. (FY 21-22)

• 30+ Customers covering OEMS, TIER1, TIER 2 Suppliers & EMS Companies.

• Infrastructure: 7000 Sq.ft Factory running near Bangalore, Plant & Machinery, Tooling, Software Talent for design services.

Patent:

• 4 Patents received for product design.
• 1 Patent applied through research in material science

Ask:

• INR 5 Cr (FY 22-23) @ Pre Money Valuation of INR 45 Cr
• INR 1Cr soft commitments received from an existing investors.
• Minimum Investment: INR  25Lacs upwards for direct entry on the cap table.

Fund Utilization Plan:

• 40% - New Product Development
• 30% - Capex
• 13% - Marketing & Contingency
• 17% - Business Development, Certifications, Other Opex