About Contract Manufacturers sector in Asia
The Contract Manufacturers sector in Asia comprises 3.3K companies, including 330 funded companies having collectively raised $2.55B in venture capital money and private equity. Out of these, 391 are Series A+ funded, and 1 has achieved unicorn status.
Contract Manufacturers sector in Asia has seen 47 acquisitions and 300 IPOs. This represents almost 10.5% of all such companies - which is higher than the 4.5% exit rate of tech companies in general.
This sector includes companies that manufacture products or components across various categories such as electronics, fashion, FMCG, Auto, etc on contract for other Brands/Companies.
Contract Manufacturers sector is also known as On-Demand Manufacturers.
Companies that manufacture products or components across the categories such as electronics, fashion, Chemicals, Toys, Plastic Components, Heavy Industries FMCG, Auto, etc on contract for other Brands/Companies are included in this sector. Pharma and Medical Devices Contract Manufacturers, Non-Branded & Branded Food Manufacturing/Food Processing and companies, and the companies that manufacture goods through in-house manufacturing facilities and sell them under their own brand names are excluded.
Top Contract Manufacturers Companies in Asia
There are 3,302 Contract Manufacturers startups in Asia which include Dixon Technologies, Amber Enterprises India, Foxconn Electronics, Huaqin, Gokaldas Exports. Out of these, 330 startups are funded, with 391 having secured Series A+ funding, and 1 achieving unicorn status.
2026 has seen the creation of 43 Contract Manufacturers startups in Asia. Over the past 10 years, an average of 68 new companies have been launched annually. Notably, several of these startups have been founded by alumni of IIT Delhi, Anna University and IIT Bombay.
Here is the list of top Contract Manufacturers startups in Asia
Provider of electronics manufacturing services. It is focused on consumer electronics, home appliances and lighting electronics products. Its products include smartphones, laptops, televisions, set-top boxes, medical electronics, lights, and security surveillance systems.
Key facts about Dixon Technologies
- Founded Year: 1993
- Location: Noida (India)
- Stage: Public
- Total Funding till date: $9.32M
- Investors: India Capital Growth, Steadview and 2 Others
- Latest Funding Round: PE, Jun 18, 2008, $*****
- Tracxn Score: 74/100 What is this?
- Competitors Rank: 1 of 105 Competitors
Original equipment manufacturer for white goods companies. It is specializing in air conditioners, electronics, and mobility solutions. The electronics division offers PCB and PCB assembly solutions for various sectors, including consumer durables, automotive, industrials, smart electronics, and aerospace.
Key facts about Amber Enterprises India
- Founded Year: 1990
- Location: Gurugram (India)
- Stage: Public
- Total Funding till date: $26.3M
- Investors: Nepean Capital, ADV Partners and 3 Others
- Latest Funding Round: Post IPO, Sep 07, 2020, $*****
- Tracxn Score: 73/100 What is this?
- Competitors Rank: 1 of 140 Competitors
Foxconn Technology Group is an electronic products manufacturer. It has the world's leading 3C OEM service titles & offers products such as electronics, electronic components, PCBs, PCB components & computer chips. In 2020, the company recorded annual revenues of $182 B and a net profit of $3.5 B
Key facts about Foxconn Electronics
- Founded Year: 1974
- Location: Taipei (Taiwan)
- Stage: Public
- Investors: Demtech, WK Technology Fund and 3 Others
- Latest Funding Round: Post IPO, Jan 26, 2019, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 1 of 22 Competitors
4. Huaqin
Provider of smart hardware, vehicle electronics, and digital scene services. It offers end-to-end product development, manufacturing, and operation of software, hardware, and systems to global tech companies. It also provides intelligent products including mobile phones, tablets, laptops, smart wearables, AIoT products, IDC products, and automotive electronics to its global consumers.
Key facts about Huaqin
- Founded Year: 2005
- Location: Pudong (China)
- Stage: Public
- Total Funding till date: $431M
- Investors: Qualcomm Ventures, China Mobile and 10 Others
- Latest Funding Round: Series C, Jan 01, 2021, $*****
- Tracxn Score: 72/100 What is this?
- Competitors Rank: 1 of 160 Competitors
Contract manufacturer and exporter of apparel and clothing. The company produces a wide range of apparel products including outerwear, activewear, fashion wear, jackets, shirts, suits, blazers, pants, shorts, and sportswear for men, women, and children. It is offering end-to-end garment production services from design, cutting, sewing, finishing to embroidery and printing.
Key facts about Gokaldas Exports
- Founded Year: 1979
- Location: Bengaluru (India)
- Stage: Acquired
- Investors: Nippon, Goldman Sachs and 3 Others
- Latest Funding Round: Post IPO, Oct 04, 2021, $*****
- Tracxn Score: 66/100 What is this?
- Competitors Rank: 1 of 655 Competitors
Companies founded year-on-year in the Contract Manufacturers sector in Asia
43 new startups have been founded so far in 2026 in the Contract Manufacturers sector in Asia. 100 Contract Manufacturers startups in Asia were founded in 2020 - this is the most number of startups founded in any year in the last 10 years.
- Total Number of Companies
Year | No. of companies |
|---|---|
2026 | 43 |
2025 | 26 |
2024 | 36 |
2023 | 48 |
2022 | 83 |
2021 | 82 |
2020 | 100 |
2019 | 100 |
2018 | 91 |
2017 | 80 |
Stage-wise distribution of Contract Manufacturers sector companies in Asia
Out of the total 3,302 Contract Manufacturers companies in Asia, 330 have secured funding. Among them, 391 have reached Series A or higher, and 362 to Series B or beyond.
Founded - 3,302
Funded - 330
Series A+ - 391
Series B+ - 362
Series C+ - 355
Company Stage | No. of companies |
|---|---|
Founded | 3,302 |
Funded | 330 |
Series A+ | 391 |
Series B+ | 362 |
Series C+ | 355 |
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Funding Trends in the Contract Manufacturers sector in Asia
Total funding year-on-year in the Contract Manufacturers sector in Asia
The Contract Manufacturers sector in Asia saw a total funding of more than $2.18B in the last 10 years. The most amount of funding was in 2021 at more than $489M. There has been a total funding of $43.5M in 2026 till date.
- Total Funding
Year | Total Funding |
|---|---|
2026 | $43.5M |
2025 | $90.7M |
2024 | $273M |
2023 | $127M |
2022 | $323M |
2021 | $489M |
2020 | $106M |
2019 | $406M |
2018 | $22.9M |
2017 | $295M |
Recent Funding Rounds in Contract Manufacturers in Asia
In the year 2026, till July 2026, Contract Manufacturers companies in Asia have raised $41.3M in equity funding across 7 rounds.
In the same period last year (i.e. till July 2025), Contract Manufacturers companies in Asia had raised $47.7M across 7 rounds.
So, 2026 has seen a 13.42% drop in funding in Contract Manufacturers companies in Asia as compared to 2025.
Here are some recent, important funding rounds in Contract Manufacturers companies in Asia:
Company | Round Raised | Amount Raised | Funding Date | Investors |
|---|---|---|---|---|
Series A | 8773 | Jul 06, 2026 | ||
Series A | 9516 | Jun 25, 2026 | ||
Seed | 7478 | Apr 23, 2026 | ||
Series A | 5242 | Mar 31, 2026 | - | |
Series A | 1537 | Mar 20, 2026 | and 7 more |
Top Investors in Contract Manufacturers in Asia
IBAC is the top investor in Contract Manufacturers companies in Asia based on number of companies invested.
Here are some top investors in Contract Manufacturers companies in Asia:
Investor | Location | Top Portfolio Companies |
|---|---|---|
Kolkata (India) | ||
Mumbai (India) | ||
Seoul (South Korea) | ||
Hong Kong (China) | ||
Menlo Park (United States) |
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M&A activity in Contract Manufacturers sector in Asia
In the year 2026, till June 2026, 2 acquisitions happened in Contract Manufacturers sector in Asia. Last year, in 2025, a total of 4 acquisitions happened in Contract Manufacturers sector in Asia.
Here are some recent, important acquisitions in Contract Manufacturers sector in Asia:
Company | Acquisition Type | Acquisition Date | Acquirers |
|---|---|---|---|
Business Acquisition | Jun 03, 2026 | ||
Business Acquisition | May 11, 2026 | ||
Business Acquisition | Dec 23, 2025 | ||
Acqui-Hired | Dec 23, 2025 | ||
Business Acquisition | Dec 08, 2025 |
Acquisition trends in Contract Manufacturers sector in Asia
Here are the acquisition trends in Contract Manufacturers sector in Asia:
- Total Number of Acquisitions
Year | No. of companies |
|---|---|
2026 | 2 |
2025 | 4 |
2024 | 4 |
2023 | 5 |
2022 | 8 |
2021 | 7 |
2020 | 3 |
2019 | 3 |
2018 | 6 |
2017 | 1 |
IPOs in Contract Manufacturers in Asia
In the year 2026, till April 2026, 1 IPO happened in Contract Manufacturers sector in Asia.
Here are some recent, important IPOs in Contract Manufacturers sector in Asia:
Company | IPO Date | Exchange Symbol |
|---|---|---|
Apr 23, 2026 | Hong Kong Exchanges (HKG) | |
Oct 21, 2025 | National Association of Securities Dealers Automated Quotations (NASDAQ) | |
Aug 26, 2025 | National Stock Exchange (NSE), Bombay Stock Exchange (BSE) | |
Jun 27, 2025 | National Stock Exchange (NSE) | |
Jun 25, 2025 | National Stock Exchange (NSE) |
Colleges which produce the most Contract Manufacturers companies in Asia
Companies founded by alumni from top colleges in the Contract Manufacturers in Asia
Most number of Contract Manufacturers startups in Asia have been founded by alumni from IIT Delhi, Anna University and IIT Bombay.
College | No. of companies |
|---|---|
IIT Delhi | 5 |
Anna University | 2 |
IIT Bombay | 2 |
University of Delhi | 2 |
University of Warwick | 2 |
BITS Pilani | 1 |
Bandung Institute of Technology (ITB) | 1 |
Carnegie Mellon University | 1 |
Harvard Business School | 1 |
Harvard University | 1 |
Total funding in Contract Manufacturers companies founded by alumni from top colleges in Asia
In the last 10 years, IIT Bombay graduates' Contract Manufacturers companies in Asia have raised the most funding among top colleges. Carnegie Mellon University alumni are second, and IIT Delhi alumni are third.
College | Total Funding |
|---|---|
IIT Bombay | $41M |
Carnegie Mellon University | $30.2M |
IIT Delhi | $14M |
Anna University | $8.97M |
University of Delhi | $8.97M |
XLRI- Xavier School of Management | $8.97M |
IIT Madras | $8.61M |
BITS Pilani | - |
Bandung Institute of Technology (ITB) | - |
Harvard Business School | - |
Top News in Contract Manufacturers in Asia
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Wistron Opens First U.S. Smart Factory in Texas for NVIDIA Superchip ProductionPR Newswire•Jul 22, 2026•Wistron
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Gokaldas Exports Ltd (BOM:532630) Q4 2026 Earnings Call HighlighGuruFocus•May 27, 2026•Gokaldas Exports
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Strategic gains in African hubs offset tariff headwinds for Gokaldas ...FashionatingWorld•May 26, 2026•Gokaldas Exports
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Pine Oak Global Fund picks 8.28 lakh shares of R&B DenimsMoneycontrol•Feb 25, 2026•Pine Oak Global, R & B Denims
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