Rs 7 Cr Pre-seed funding secured by digital manufacturing solution provider Leumas
A pre-seed funding round led by Capital 2B, Anicut Capital, and Capital A secured Rs 7 crore for Leumas, a provider of digital manufacturing solutions for brands.
According to a press release from Leumas, the money will be used to improve technology infrastructure, hire more people, and roll out GATM to assist brands in switching to digital manufacturing for better business outcomes.
Leumas, a company founded by Nitesh Kumar and Subhajit Biswas, offers on-demand manufacturing capabilities for brands in the nutrition, cosmetics, and pharmaceutical industries through its digital factory technology.
With its unparalleled flexibility regarding the batch size, product mix, and format, digital factory technology is a cyber-physical platform of software-controlled robotic production lines that are modular, re-configurable, and scalable.
Leumas claims that by utilizing developments in emerging technologies like industrial robotics, the IIoT, and cyber-physical systems, it plans to reimagine the legacy factory system. With a goal of becoming a new factory order for process industries, the company will also work to strengthen the Leumasware platform and add process-line capabilities to its nano-factories.
Anicut Capital is a financial institution that offers both debt and equity products. Anicut currently oversees Grand Anicut Fund 3, Anicut Angel Fund 1, and two debt funds (GAF-1 and GAF-2). Brands like Wow! Momo, Bira, Sugar Cosmetics, Earth Rhythm, Wingreens, Sharechat, Mcaffeine, Agnikul, and others are among the portfolio companies of Anicut.
