Foundry raises ₹12 crore in pre-seed funding round
In short
Foundry, started by former Dyson India MD Ankit Jain, has raised ₹12 crore in a pre-seed round. The company says the money will go into technology development and product engineering.
Foundry plans to launch its first kitchen products in the second half of 2027. The report does not say who invested or what the startup is worth.
What the reporting says
Foundry, the startup founded by former Dyson India managing director Ankit Jain, has raised ₹12 crore in a pre-seed funding round. The company says it will use the money for technology development and product engineering and plans to launch its first kitchen products in the second half of 2027. The reporting does not identify the investors or give valuation details.
Why it matters
Foundry, a premium home appliance startup founded by Ankit Jain, has raised ₹12 crore in a pre-seed funding round. The company plans to use the capital for technology development and product engineering, and it says its first kitchen products are due in the second half of 2027. The report gives the funding amount and product timeline, but not the investors or valuation.