Leanworx, a Bengaluru-based startup offering real-time data solutions for manufacturing plants, has raised Rs 8.3 crore in a funding round led by YourNest Venture Capital. The funding includes Rs 6.5 crore from YourNest and Rs 1.5 crore from an angel investment group, as part of the YourNest-SanchiConnect Velocity Programme 2024.
Founded in 2017 by D Srihari, Bhagavan S K and Dasarathi G V, Leanworx currently connects over 2,000 machines across industries. The startup plans to expand into manufacturing hubs in Thailand, Vietnam, Indonesia and Mexico, while exploring opportunities in the FMCG sector.
The funding will be used to boost marketing efforts, enhance lead generation and build a robust sales team in India and Southeast Asia. Additionally, Leanworx aims to upgrade its IoT-based solutions to deliver greater value to customers.
Speaking in this regard, D Srihari, Director – Sales and Marketing, said, “Leanworx enables top manufacturing firms in India to improve productivity. This investment will help us enhance our geographical reach and consolidate our position as a leader in Industry 4.0 solutions.”
Venkat Raju, Venture Partner, YourNest, praised Leanworx’s plug-and-play IoT system for addressing inefficiencies in manufacturing.
“With a clear go-to-market strategy and a scalable product, Leanworx is well-positioned for rapid growth,” he said.
Leanworx’s solutions are set to revolutionise manufacturing processes, reinforcing its vision to become a dominant player in India and Southeast Asia.
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