Foundry raises Rs 12 crore pre-seed for premium appliances
Foundry, a consumer technology company building premium home appliances, has raised Rs 12 crore in a pre-seed funding round. The company was launched by Ankit Jain, former managing director of Dyson India.
The round was co-led by BEENEXT and Kettleborough VC, and Rishubh Satiya of Plix, Anindita Sampath of Yoga Bar and Anita Pramoda of Owned Outcomes also participated.
What Foundry does
Foundry is developing household appliances built on proprietary, patent-pending technology. The first range will focus on the kitchen.
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The company says it wants to pair that technology with industrial design and materials suited to modern homes. It plans to expand into categories beyond the kitchen over time.
Funding and timeline
Per the company's press release, the funds will go toward technology development and product engineering, as Foundry prepares to launch its first range of kitchen appliances in the second half of 2027.
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