Leumas Raises INR 7 Crore In Pre-Seed Funding The company aims to harness the funds towards technology development, team building and GTM rollout to help brands move to digital manufacturing for enhanced business outcomes

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Company handout

Leumas, a digital manufacturing solution for brands raised INR 7 crore in a pre-Seed funding round led by Capital 2B, Anicut Capital and Capital A. The company aims to harness the funds towards technology development, team building and GTM rollout to help brands move to digital manufacturing for enhanced business outcomes. The funds raised will also be allocated towards building an 'A Team' to support growth of the company in areas of GTM, technology, manufacturing, and Ops, as well as to expand the company's digital factory capacity that will be utilised by partner brands.

"Leumas is solving for volume, variety, and cost limitations of the legacy manufacturing systems through our innovative Digital Factory Solution. With the fast-changing channel-mix and emergence of D2C models, brands need the ability to produce flexibly, while remaining inventory light. We are helping them with on- demand manufacturing tech. to launch faster, scale nimbler and produce with unparalleled efficiency. Look forward to partnering with brands on their concept to scale up their journey," said Nitesh Kumar, co-founder and CEO, Leumas.

According to an official statement by the company, with the pre-Seed funding, Leumas intends to re-imagine the legacy factory system by leveraging advancements in emerging technologies viz. industrial robotics, IIoT and cyber-physical systems. The future technology roadmap involves commercial deployment and productization of the Leumas Digital Factory suite. The company will also work towards the addition of process-line capabilities to its nano-factories and strengthening the Leumaswar platform with the ultimate vision of becoming the new factory order for process industries.

"Cultivating innovation through digitisation is not only a strategic imperative, it's the future of manufacturing. Our investment in Leumas reflects our belief in the power of cloud manufacturing to transform the way brands manufacture products, enabling them to optimize their supply chain and improve speed to market, with their unique nano production approach. We are excited to partner with Nitesh and Subhajit and look forward to creating the next big shift in manufacturing tech", said Ankit Kedia, partner, Capital A.

Wavy Line
Teena Jose

News Desk Reporter with Entrepreneur India

Teena is a post graduate in financial journalism. She has an avid interest in content creation, digital media and fashion.

Related Topics

Career

How to Overcome Imposter Syndrome as a Young Entrepreneur

How to recognize, cope with and overcome the feelings of self-doubt and inadequacy that plague many aspiring business owners.

Data & Recovery

This Father's Day, Give the Gift of No More Low Storage Warnings

Save 85% on 1TB of cloud storage for Father's Day.

Leadership

5 Traits and Characteristics of Successful Entrepreneurs in 2023

Entrepreneurship has become the new trending topic in the business world. In 2023, the entrepreneurial world is expected to flourish more than ever, and it will take a certain set of skills to be a successful entrepreneur. This article highlights what it takes to be a successful entrepreneur in 2023.

Growing a Business

How to Disrupt Hustle Culture and Build a Business That Supports Your Wellness

You can leave work at five each day. You can turn off your phone in the evenings and take weekends off. You can exercise. You can be fully present with your family. You will be better for it, and so will your business.

Leadership

How Flexible Work Will Give Your Business the Biggest Advantage

Flexible work can increase the quality of life for employees while still meeting and exceeding the goals of the company.