Who is Ankit Jain? Former Dyson India MD's startup Foundry raises ₹12 crore in a pre-seed funding round
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Foundry, a startup by former Dyson India MD Ankit Jain, raised ₹12 crore in a pre-seed funding round.
- ✓The company plans to use these funds for technology development and product engineering.
- ✓Jain said, "We're investing in the technology from the ground up," as they prepare to launch kitchen appliances in 2027.
Story at a Glance
- Category
- MARKET
- Reported By
- mint
- Reading Speed
- 3 Minute(s)
- Market Focus
- India Economy
Foundry, a premium home appliance startup founded by former Dyson India managing director Ankit Jain, has raised ₹12 crore in a pre-seed funding round.
The round, co-led by BEENEXT and Kettleborough VC, also saw participation from Rishubh Satiya of Plix, Anindita Sampath of Yoga Bar, and Anita Pramoda of Owned Outcomes, Entrackr reported.
In a press release, the company said the proceeds would support technology development and product engineering as it prepares to launch its first range of kitchen appliances in the second half of 2027. Its products will combine in-house, patent-pending technology with industrial design and materials intended for modern homes. The company also plans to enter appliance categories beyond the kitchen.
Unlock the Full Story with ArthNow Premium
To continue reading this complete financial story and in-depth market context, upgrade to ArthNow Premium. Enjoy unlimited access across Web and Mobile.
mint
Read the full, original unfiltered story directly on the publisher's portal.