Foundry, a premium home appliance startup founded by former Dyson India managing director Ankit Jain, has raised ₹12 crore in a pre-seed funding round. The round was co-led by BEENEXT and Kettleborough VC, with participation from investors including Rishubh Satiya of Plix and Anindita Sampath of Yoga Bar. The company plans to use the funds to develop technology and product engineering for its first range of kitchen appliances, targeted for launch in the second half of 2027, according to livemint.com.
The funding round also saw contributions from Anita Pramoda of Owned Outcomes, as reported by Entrackr. Foundry aims to combine in-house, patent-pending technology with industrial design and materials suited for modern homes. Ankit Jain said the startup’s approach focuses on rethinking appliance engineering and integrating intelligence to create a fundamentally different experience with everyday appliances. Jain’s career includes leadership roles at Nestlé, Walmart, and Dyson India, marking his transition into entrepreneurship.
This funding round positions Foundry in the growing Indian home appliance sector, which is seeing increased interest in smart and connected devices. The company’s focus on integrating technology and design aligns with trends toward intelligent home solutions. Comparable startups in the space have attracted early-stage investments to innovate on appliance functionality and user experience. Foundry’s strategy to expand beyond kitchen appliances could tap into broader consumer demand for smart home products, as noted by livemint.com.
Foundry’s next milestone is the launch of its initial kitchen appliance range in the second half of 2027, backed by the ₹12 crore raised in this pre-seed round. The company’s investor base includes BEENEXT, Kettleborough VC, and individual investors from diverse sectors, supporting its technology-driven vision for home appliances.