Ex-Dyson India head's Foundry raises ₹12 Cr
By Abha Lohia ·
Foundry: funding and every story →
- Foundry is a consumer technology startup building premium home appliances, starting with the kitchen, on patent-pending technology
- It raised a ₹12 crore pre-seed round co-led by BEENEXT and Kettleborough VC, led by former Dyson India head Ankit Jain
- Funds go to technology and product engineering ahead of a first kitchen range in the second half of 2027
What happened
- Foundry raised ₹12 crore in pre-seed funding.
- BEENEXT and Kettleborough VC co-led the round.
- Founders of Plix and Yoga Bar joined as angels.
Why it matters
- Money funds technology and engineering work.
- First kitchen appliances are planned for late 2027.
- More categories will follow later.
The business
- Foundry makes premium home appliances.
- It uses proprietary, patent-pending technology.
The founders
AJ
Ankit Jain
Founder, former Dyson India managing director- Former managing director of Dyson India
Who put in money
- BEENEXT co-lead
- Kettleborough VC co-lead
What happens next
- Launch first kitchen range in H2 2027
Other articles talking about it
Terms in this story
- Startup: A startup is a young company built to find a new way of doing something and to grow fast, usually by serving many customers at low extra cost. India's government also has a narrower legal definition that decides who gets scheme benefits.
- Funding stage: Startups raise money in steps called funding stages: pre-seed, seed, Series A, B, C and later, ending in a stock-market listing or a sale. Each step is larger than the last and asks for more proof.
- Seed round: Pre-seed and seed are the first money a startup raises from outside investors. The difference is mostly how much has been built when the cheque arrives: pre-seed backs an idea, seed backs an early product.
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