Leumas is a digital manufacturing solution for brands. It has raised rupees seven crores in a pre-seed funding round. Anicut Capital, Capital 2B, and Capital A led the pre-seed funding round.
The funds will go toward technology infrastructure strengthening, deployment, and GTM rollout to help brands move to digital manufacturing for improved business outcomes.
Nitesh Kumar and Shuvajit Biswas founded Leumas. The company gives on-demand manufacturing capabilities through digital factory technology for cosmetics, nutrition, and pharma brands.
Digital Factory Technology is a cyber-physical platform of software-controlled robotic production lines that is modular, re-configurable, and scalable, enabling unparalleled flexibility around batch size, product mix, and layout.
It seeks to reimagine the legacy factory system by leveraging emerging technology advances such as Industrial Robotics, IIoT, and Cyber-Physical Systems. It will also work towards adding process-line capabilities to its nano-factories. Moreover, it will strengthen the Leumasware platform to become a new factory order for the process industry.
Anicut Capital is a multi-asset financial institution. It comes with debt and equity offerings. Anicut, at present, manages two debt funds, namely the GAF-1 and GAF-2. These two are Grand Anicut Fund 3 and Anicut Angel Fund.
Anicut’s portfolio companies include Wow! Momo, Sugar Cosmetics, Earth Rhythm, WinGreens, ShareChat, and others.
About the funding, Nitesh Kumar, Co-Founder and CEO of Leumas, said that Leumas is addressing the volume, variety, and cost constraints of legacy manufacturing systems through our innovative digital factory solutions. With the emergence of a fast-changing channel mix and D2C models, brands need the ability to produce flexibly, keeping inventory light. They are helping them with manufacturing technology to launch faster, produce with greater scale, and unmatched efficiency. They are looking forward to partnering with brands on their ideas to grow the journey.
Ankit Kedia, Partner, Capital A., said cultivating innovation through digitization is not just a strategic imperative. It is the future of manufacturing. This investment shows their belief in the power of cloud manufacturing to help brands transform how they make products, optimize their supply chains, and enable improved speed to market through their unique nano-manufacturing process. They are excited to partner with Nitesh and Shubjit and look forward to creating the next big change in manufacturing technology.
Leumas is a Digital Manufacturing solution for brands. It works in the fields of nutrition, cosmetics, and also pharma space. It provides them with on-demand manufacturing capability with the help of its `Digital Factory` technology, a cyber-physical platform. The platform is of software-controlled robotic production lines that are configurable, modular, and scalable. It helps brands manufacture on-demand with unparalleled flexibility around product mix, batch size, and formats. This innovative approach towards manufacturing is unmatched in the whole industry. It offers brands a forward-looking solution to traditional variety, volume, and price manufacturing limitations.