As it gears up for an IPO in 2027, Ekkaa Electronics recently secured a Series-A funding to expand its production and R&D capabilities.
Ekkaa Electronics, an Indian Electronics System Design and Manufacturing (ESDM) company, has raised ₹1.08 billion in a Series-A funding round. Mukul Mahavir Aggarwal, the Varun Daga Family, MAIQ Growth Scheme, Caprize Aurix, and other family offices led the investment. Six Stone Capital acted as transaction advisor, with Shannon Advisors serving as Merchant Banker.
Founded in 2018 and headquartered in Noida, Ekkaa Electronics is an original design manufacturer (ODM) for LED TVs, producing models ranging from 24″ to 98″. The company operates manufacturing facilities in the Delhi NCR: Sonipat and Noida, with a new plant planned in Gannaur, Haryana. It is reported that its business currently exceeds ₹10 billion.
The company said the funds will be used to expand manufacturing capacity, strengthen research and development capabilities, and invest in new technologies. Ekkaa produces smart LED and 4K Ultra HD TVs and has recently diversified its portfolio to include washing machines, speakers, induction cooktops, and air coolers.
Managing Director Sagar Gupta noted the company plans to pursue an initial public offering (IPO) by 2027.
“The funds raised will enable us to expand our manufacturing capacities, strengthen R&D capabilities, and invest in cutting-edge technologies that drive innovation. Our goal is to take EKKAA public by 2027 and create long-term value for all our stakeholders,” he stated.
Ankit Mittal, Managing Partner at Six Stone Capital, described the funding round as confirmation of investor confidence in Ekkaa’s operations and growth plans.
“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,” he said.
