Ekkaa Electronics Secures Rs 108 Cr Series-A Backing To Strengthen IPO Readiness

Ekkaa Electronics, an Electronics System Design and Manufacturing (ESDM) Enterprise, has raised Series A equity funding of Rs 108 crore. The round is led by marquee investors, including Mukul Mahavir Aggarwal, the Varun Daga Family, MAIQ Growth Scheme, Caprize Aurix and other reputed family offices. The transaction was advised by Six Stone Capital as the transaction advisor, with Shannon Advisors serving as the Merchant Banker.

This investment reflects growing confidence in India’s electronics manufacturing sector, which is poised for accelerated growth amid global supply chain realignments and the government’s push for self-reliance.

Headquartered in Noida, the company has built a strong reputation as a trusted partner in Electronics Manufacturing Services (EMS), offering end-to-end solutions across design, development and large-scale production for both domestic and global brands. Today, EKKAA handles a business of more than Rs 1,000 crore, with manufacturing units in Sonipat, Noida and an upcoming new plant in Gannaur, Haryana.

Speaking on the fundraiser, Sagar Gupta, Managing Director of Ekkaa Electronics, said, "This investment marks a pivotal moment in our growth journey. The backing from such reputed investors reinforces our vision of creating a truly global electronics manufacturing enterprise rooted in India. The funds raised will enable us to expand our manufacturing capacities, strengthen R&D capabilities, and invest in cutting-edge technologies that drive innovation. We aim to not only serve global OEMs but also contribute significantly to the ‘Make in India’ mission by building a robust, export-ready ecosystem. Our goal is to take EKKAA public by 2027 and create long-term value for all our stakeholders."

Ankit Mittal, Managing Partner, Six Stone Capital, speaking on the fundraise, added, "This round is a strong validation of EKKAA Electronics’ position as a trusted EMS player and the confidence investors have in its promoters and future growth plans."

Ekkaa Electronics is an Electronic System Design and Manufacturing (ESDM) company, founded in 2018 and headquartered in Noida. It is fully integrated across R&D, design and manufacturing of smart TVs, and has expanded its portfolio to become a one-stop solution provider by including washing machines, speakers, induction cooktops, and air coolers.

Strategic capital will be deployed to expand production capacity, accelerate R&D, and deepen supply chain integration, leveraging India's position as a global manufacturing hub. Ekkaa plans an Initial Public Offering (IPO) by 2027 to fund further expansion and achieve its vision of becoming a globally recognized electronics manufacturing powerhouse.