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Funding · Professional & Local Services

Digital Striker raises $1 million seed round

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Date
Company
Digital Striker
What it does
Optical fiber tools and equipment
Kind
Funding
Amount
$1 million
Stage
seed
Founded
2021
Sector
Professional & Local Services

What they do

Digital Striker imports and distributes optical fiber tools like strippers and splicing machines

What happened

It raised $1 million (about Rs 8.5 crore) in seed funding led by USA-based Foxhog Ventures

Why it matters

India's optical fiber industry is 100% dependent on China for tools, and only 35% of mobile towers are fiber-connected

The details

  • Digital Striker raised $1 million (about Rs 8.5 crore) in a seed round.
  • The round was led by Foxhog Ventures, a USA-based venture capital firm.
  • The company plans to use Rs 5-6 crore to set up a manufacturing plant, hire staff, and open offices in metro cities.
  • Another Rs 4-5 crore will go towards import operations.
  • Digital Striker aims to start manufacturing 5-7 core products locally, becoming the first such unit in India.

The bigger picture

  • India's optical fiber industry is 100% dependent on China for tools.
  • Only 35% of mobile towers in India are connected by optical fiber.
  • Digital Striker was bootstrapped for 40 months before this round.
  • The company has a turnover of Rs 8.85 crore and a network of 450+ resellers.

About the business

  • Digital Striker is an optical fiber tools and equipment company founded in 2021.
  • It imports and distributes fiber strippers, cleavers, VFLs, power meters, and splicing machines.
  • The company has a network of 450+ resellers and end-users.
  • It has been bootstrapped for 40 months and reported a turnover of Rs 8.85 crore.
  • Digital Striker aims to achieve a revenue target of Rs 100 crore within 4-5 years.

What happens next

  • Set up a manufacturing plant for 5-7 core products.
  • Hire staff and open offices in metro cities.
  • Expand import operations with Rs 4-5 crore.
  • Achieve Rs 100 crore revenue within 4-5 years.

The deal

Type
seed

Investors

  • Foxhog Ventures (lead) — USA-based venture capital firm led by CEO Tarun Poddar.

Founders

  • Priyanka, co-founder

About Digital Striker

Product
Optical fibre tools and equipment such as fibre strippers, cleavers, visual fault locators, power meters, and splicing machines.
Customers
Telecom companies, network installers, and resellers across India.
How it makes money
Imports and distributes optical fibre tools through a reseller network, with plans to manufacture locally.

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