Prodo Closes $1 Million Seed Funding Round The company's goal is to create supply chains that provide fastest turnaround times for the clients and operational efficiency on each of its SKUs; so that the clients get true value for money

By Teena Jose

Opinions expressed by Entrepreneur contributors are their own.

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

Company handout

On-demand manufacturing startup, Prodo has closed a $1 million Seed funding round, led by Inflection Point Ventures, along with participation from Titan Capital, LetsVenture and Dholakia Ventures.

"India is home to 6 million MSME manufacturers. Currently, most of the MSME manufacturers operate on 50 per cent to 60 per cent of their production capacity, through standardization and demand-supply mapping we plan to unlock a $2 billion manufacturing potential in the next 4 years. We are building a reliable and data-led manufacturing ecosystem," said Sameen Husain, co-founder and CEO, Prodo.

With more than 500 manufacturing units as a part of its network, Prodo empowers its partner manufacturers by providing them with sustainable demand, working capital, raw material, SOPs and technology to bring them up to the standards of global manufacturing. The company, which works on quarterly to yearly orders for mid and large clients, has plans to clock in an orderbook of INR 400 crores by FY'24, claimed by the company in a statement.

"India's manufacturing sector is expected to reach a $1 trillion dollar market size by 2030. I believe along with the government's push, startups like Prodo can become key drivers in unlocking the potential of the sector. We're excited to be a part of this story," said Ankur Mittal, co-founder, IPV.

Founded by Sameen Husain and Abhiroop Srivastava in 2021, Prodo is an on- demand manufacturing and procurement platform. Prodo helps mid and large companies with their bulk manufacturing requirements. The company's goal is to create supply chains that provide fastest turnaround times for the clients and operational efficiency on each of its SKUs; so that the clients get true value for money, as per the statement.

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.
Business Ideas

70 Small Business Ideas to Start in 2025

We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2025.

Business News

2 Major Career Companies Are Laying Off 1,300 Employees: 'AI Is Changing the World'

The job cuts at Indeed and Glassdoor mainly impact U.S. roles on teams such as research and development.

Leadership

5 Lessons I Wish I Didn't Learn the Hard Way During My 20 Years in Business

Starting a business has been one of the most exciting and fulfilling chapters of my life — but it's also been unpredictable, humbling and often much harder than it looks from the outside. Here are a few pieces of hard-earned wisdom I wish I'd known from day one.

News and Trends

Recur Club Announces Credit Offerings for Startups Beyond Series A and SMEs

In FY 24–25, the platform also plans to deploy an additional INR 2000 crores through its Recur Swift program for startups.

Growing a Business

How The NBPA and a Top African University Are Investing in Africa's Future — One Startup at a Time

One Court Africa hosted NBA players at UM6P in Marrakech for a four-day program focused on social entrepreneurship and sustainable business, which included mentoring six African startups and awarding $160K in grants through its Innovation Challenge.

Business News

Here's How Much Google Software Engineers, Product Managers, and Data Scientists Make in a Year

Data revealed in federal filings shows how much Google is compensating its employees.