Sunday, May 26, 2024

Startup karkhana IO Reinventing The EMS Wheel In India

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EMS is a capital-intensive industry, and hence, with the strongest clashes. Then how is a startup, Karkhana IO, on its way to clock a revenue of 1 billion this fiscal? The founders explain!

Reinventing the wheel in the EMS industry is rarely discussed due to high capital costs involved. Thanks to its unique business model, Karkhana IO made ₹200 million last fiscal and aims for ₹1 billion this year. Sonam Motwani, Founder, and Karthik MC, CRO, Karkhana IO, told EFY’s Mukul Yudhveer Singh that their electronics manufacturing services (EMS) startup aims to support medium and small industries (MSMEs) and other electronic product startups on the supply side.

“By supply, we mean the supply of manufactured electronics and solutions. In India, the demand for finished electronic goods is more than the supply of the same. This is what we aim to solve,” says Motwani.

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Sonam Motwani and Karthik MC of Karkhana IO


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Mukul Yudhveer Singh
Mukul Yudhveer Singh
Mukul Yudhveer Singh is an Editor at EFY. He’s an experienced business journalist who is both an enthusiast and a cynic of technology. Believes in data, as well as hunch-based journalism. He defines journalism as- reporting facts which help the audience take their own decisions, not ones that influence them!

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