Leumas, a digital manufacturing solutions for brands, has secured Rs 7 crore in a pre-seed funding round led by Capital 2B, Anicut Capital and Capital A.
The proceeds will be deployed towards strengthening technology infra, hiring and GATM rollout to help brands move to digital manufacturing for enhanced business outcomes, Leumas said in a press release.
Launched by Nitesh Kumar and Subhajit Biswas, Leumas provides on-demand manufacturing capability through its digital factory technology for brands across the nutrition, cosmetics, and pharma space. Digital factory technology is a cyber-physical platform of software-controlled robotic production lines that are modular, re-configurable and scalable, enabling unparalleled flexibility around batch size, product mix, and formats.
According to Leumas, it intends to re-imagine the legacy factory system by leveraging advancements in emerging technologies viz. Industrial robotics, IIoT and cyber-physical systems. The company will also work towards the addition of process-line capabilities to its nano-factories and strengthening the Leumasware platform with a vision to be a new factory order for process industries.
Anicut Capital is a multi-asset financial institution with offerings in debt and equity. Anicut currently manages two debt funds (GAF-1 and GAF-2), Anicut Angel Fund and Grand Anicut Fund 3. Anicut’s portfolio companies include brands like Wow! Momo, Bira, Sugar Cosmetics, Earth rhythm, Wingreens, Sharechat, Mcaffeine, Agnikul and others.
