Team Startupcity

• Raised $7 million in Series A funding led by Cactus Partners with participation from GVFL, Legacy Assets, and Hira Group.
• Funds to boost R&D, scale manufacturing, and expand Brandworks’ presence in global markets.
• Specializes in AI hardware, IoT, advanced audio, charging, and surveillance technologies.

Electronics goods firm Brandworks Technologies said on Tuesday that it has raised $7 million in a Series A investment round led by early-stage VC firm Cactus Partners.

The round also saw contributions from Gujarat Venture Finance Limited (GVFL), Legacy Assets, and the Hira Group. The firm intends to use the fresh capital to step up its research and development efforts, enter overseas markets, and increase manufacturing capacities.

 Ishwar Kumhar, Brandworks Technologies Co-founder said,

This investment is a catalyst for a bigger mission to make Brandworks a global electronics R&D and manufacturing powerhouse. We want to show the world that world-class innovation can be ideated, designed, and manufactured in India, and shipped globally.

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Brandworks engages in electronics development, research, and manufacturing, providing solutions in AI hardware, IoT devices, next-generation audio systems, charging solutions, and surveillance devices. Amit Sharma, General Partner of Cactus Partners, said, "The electronics manufacturing sector is seen to witness strong growth through initiatives such as 'Make in India,' supply chain realignment, and international geopolitics.

Efficiency-driven companies with high-quality reputation, like Brandworks, are best placed to beat industry growth. This investment will give them an impetus, and we are excited to collaborate with the Brandworks team with strategic resources in addition to funding."

This investment is Cactus Partners' eleventh from its first fund, aimed at Rs 630 crore, and its third one in manufacturing. The names in their portfolio include LOHUM, Indigrid, Kapture, and Vitraya.