When was Indkal founded?

Indkal was founded in 2020 and raised its 1st funding round 1 year after it was founded.

Where is Indkal located?

Indkal is headquartered in Bengaluru, India. It is registered at C-102, Hinduja Lake Front Estate Opp-Hulimavu Police station, Hulimavu, Bangalore, BANGALORE, Karnataka, India, 560076.

Who is the current CEO of Indkal?

Anand Dubey of Indkal. They have also founded 1 company.

Which legal entities is Indkal associated with?

Indkal is associated with Indkal Technologies Private Limited.

How many employees does Indkal have?

As of Jul 31, 2025, Indkal has 246 employees, reflecting a 16% year-over-year decline in headcount.

Is Indkal a funded company?

Indkal is a funded company, having raised a total of $56.2M across 5 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Oct 26, 2021.

How much is Indkal worth?

The latest valuation of Indkal is $***** as of Oct 15, 2025. This marks a decline of 2% from its peak valuation of $207M in Oct, 2021. This marks a decline of 2% from its peak valuation of $207M in Oct, 2021.

When was the latest funding round of Indkal?

Indkal's latest funding was a $***** Series B round on Jun 16, 2025, with participation from 3 investors. Its primary sector is Contract Manufacturers. Globally, the Contract Manufacturers sector has seen $272M in funding in 2026 to date.

What is the annual revenue of Indkal?

Annual revenue of Indkal is ₹621Cr as on Mar 31, 2024.

Where does Indkal rank among its competitors?

Indkal ranks 6th amongst 92 active competitors, of which 5 are funded. It stands 2nd in terms of total funding among its competitors. The most recent competitor to raise funding was Brandworks Technologies, which secured $4.3M in Oct, 2025.

Who are the top competitors of Indkal?

Indkal's top competitors include Flex, Dixon Technologies and Brandworks Technologies. Among them, Brandworks Technologies secured the most recent funding round in October, 2025.

Indkal - 2026 Company Profile, Team, Funding, Competitors & Financials

Company Details

Manufacturer of consumer electronics and appliances. The company designs, develops, and delivers consumer electronics and appliances. It combines innovation with practical solutions, leveraging expertise and a distribution and service network to make technology accessible.

Website: indkal.com
Email ID: *****@indkal.com
Phone Number: +91 **********
Registered Address: C-102, Hinduja Lake Front Estate Opp-Hulimavu Police station, Hulimavu, Bangalore, BANGALORE, Karnataka, India, 560076

Key Metrics

Founded Year

2020

Location

Bengaluru, India

Stage

Series B

Total Funding

$56.2M in 5 rounds

Latest Funding Round

Series B, Jun 16, 2025, $*****

Post Money Valuation

$***** as on Oct 15, 2025

Investors

Mahesh Vaze & 12 more

Ranked

6^th among 92 active competitors

Annual Revenue

₹621Cr as on Mar 31, 2024

Employee Count

246 as on Jul 31, 2025

Similar Companies

Foxconn Electronics & 468 more

View Indkal's full profile

Indkal is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
Indkal Technologies Private Limited CIN: U32100KA2018PTC116590 , India, Active	Sep 20, 2018	$75M (As on Mar 31, 2024)	246 (As on Jul 01, 2025)

Indkal has raised a total funding of $56.2M over 5 rounds. Its first funding round was on Oct 26, 2021. Its latest funding round was a Series B round on Jun 16, 2025 for $*****. 3 investors participated in its latest round. Indkal has 5 institutional investors and 8 angel investors.

Here is the list of recent funding rounds of Indkal:

Filter this list

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
Jun 16, 2025	7105838	Series B	3963565	9717553	6354896	8036747
Jun 07, 2024	1024466	Series A	3278574	2562606	9236224	2258263
Jan 16, 2023	4257506	Seed	2738627	9614154	Srinivas Anumolu & 2 more	Sankar Bora & 1 more

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View details of Indkal's funding rounds and investors

The founders of Indkal are Rishikesh Jadhav and Anand Dubey. Anand Dubey is the CEO of Indkal.

Here are the details of Indkal's key team members:

Rishikesh Jadhav: Co-Founder of Indkal. They serve on the board of 1 company.
Contact Info: 1 email address
Anand Dubey: Co-Founder & CEO of Indkal. They serve on the board of 1 company.
Contact Info: 1 email address

Indkal's Board of Directors

Indkal's board has 1 active member. Rishikesh Jadhav is part of team.

Here is the list of Indkal's board of directors:

Name	Type	Representing	Status	Duration
Rishikesh Jadhav	Team	-	Current	3y 4m
dg{wxdz	Team	-	Past	7y 8m
Samar Vinay Kumar Singh	Investor	-	Current	4y 4m

View details of Indkal's Founder profiles and Board Members

Indkal's employee count trend

Indkal has 246 employees as of Jul 25. The total employee count is 16.0% lower than what it was in Jul 24. Here is Indkal's employee count trend over the years:

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Top competitors of Indkal include Flex, Dixon Technologies and Brandworks Technologies. Here is the list of Top 10 competitors of Indkal, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Flex 1969, San Jose (United States), Public	Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services	-	Silver Lake, Sequoia Capital & 3 others	70/100
2nd	Dixon Technologies 1993, Noida (India), Public	Provider of electronics manufacturing services	$9.32M	Motilal Oswal Private Equity, Piper Serica ... & 2 others	68/100
3rd	Brandworks Technologies 2017, Palghar (India), Series A	Provider of electronics manufacturing services	$11.3M	Cactus Venture Partners, Legacy Assets & 5 others	64/100
4th	P M Electro-Auto 1991, Mumbai (India), Unfunded	Manufacturer of renewable energy components and assemblies	-	-	53/100
5th	Epack Durable 2003, Noida (India), Public	Online platform for OEM/ODM manufacturing of air‑conditioning and home appliances	$61.7M	ICICI Venture, Affirma Capital & 11 others	53/100
6th	Indkal 2020, Bengaluru (India), Series B	Manufacturer of consumer electronics and appliances	$56.2M	Logx Venture Partners, Aries Opportunities Fund ... & 11 others	52/100
7th	MIC 1988, Secunderabad (India), Public	Designer, development, and manufacturing of LED video displays, electronic and telecommunication solutions	-	-	51/100
8th	Oakter 2015, Noida (India), Seed	Provider of electronic contract manufacturing and designing services	$567K	India Quotient, iExponential & 17 others	51/100
9th	Virtuoso Optoelectronics 2015, Nashik (India), Public	Provider of installation services for LED-based lighting systems	-	-	48/100
10th	Veira Group 1975, Noida (India), Early Stage	Contract manufacturer of electronic products	$19M	Aaryan Mirai, Pantomath Group & 4 others	47/100

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Founders (largest shareholder) own 62.37%, Funds own 14.40%, Enterprises own 1.35% and Angels own 5.66%. The net worth of Indkal's founders is INR 1,130Cr as of Oct 15, 2025.

Shareholders Name	Post Round Holding %	Net worth	Cumulative Investment	Realised Returns	Unrealised Returns	Return Multiple
Founder	62.37%	1,130Cr	2096187	9856082	9914415	3495658
Anand Dubey	4727840	7513542	8941966	8627029	2254680	2879602
Rishikesh Jadhav	5384082	1678858	5931000	6580874	5580384	7040353
Fund	14.40%	260Cr	7502945	8695956	3401758	5110781
Aries Opportunities Fund	2565822	8810250	1339943	9381719	5483807	5881933
Enterprise	1.35%	24.3Cr	2	4	6	5
Angel	5.66%	102Cr	45796	41052	57695	23115
Mahesh Vaze	3326	3257	2946	9564	9130	4080
Srinivas Anumolu	0	0	0	0	0	0
Raveen Sastry	0	0	0	0	0	0
Priyanka Aggarwal	0	0	0	0	0	0
Other People	16.23%	293Cr	9286271	4522045	7199141	3685231
Total	100.00%	1,800Cr	3939355	1865499	9339602	8486557