Electronic producer Rikun secures a $130 million valuation as it captivates numerous financial backers
In a significant development for the Indian manufacturing sector, Rikun Manufacturing Pvt Ltd, an electronics contract manufacturer based in Chennai, has secured funding as part of a larger institutional funding round. The company specialises in injection molding, stamping, and manufacturing of metal fabrication parts, primarily for the production of electronic components and parts.
The exact amount raised from individual investors alone, the names of these investors, or specific terms of the round have not been disclosed publicly. However, the funding is expected to support Rikun Manufacturing's growth and operational expansion. The company's valuation, as of August 2025, stands at approximately $130 million [1][3].
Rikun Manufacturing is not the only company attracting investment attention. PE/VC firms, including Kedaara and Cornerstone, are enhancing their operational teams in India [2]. One such firm, ChrysCapital, is a leading contender to invest in a PE-backed CDMO firm, although the identity of the CDMO firm remains undisclosed.
Meanwhile, Lenskart, an online eyewear retailer, has filed for an initial public offering (IPO). The success of this IPO could result in significant returns for its investors, including PremjiInvest, SoftBank, and Kedaara. However, the exact amount of funds Lenskart aims to raise and the specific timeline for the IPO have not been announced.
As for Rikun Manufacturing, the success of their current funding round could potentially allow them to expand their operations or invest in new technologies. The funding round is ongoing, and details such as the identity of the institutional investors and the exact amount raised have not been disclosed.
In a previous funding round, Rikun Manufacturing received investment from PremjiInvest, further highlighting the confidence investors have in the company's potential for growth.
ChrysCapital's public market fund has recently added another company to its portfolio, indicating a continued focus on strategic investments. The exact nature of the activities or initiatives that Rikun Manufacturing was planning to undertake is not specified, but the company's growth and operational expansion are expected to be key areas of focus.
References: [1] Financial Express [2] The Economic Times [3] VCCircle
Rikun Manufacturing, with its focus on electronic components and parts production, might invest in new technology advancements due to the ongoing funding round. Meanwhile, ChrysCapital, being a leading PE firm, shows a strategic interest in long-term investments by adding more companies to its portfolio.
Business ventures in India, such as Rikun Manufacturing and Lenskart, are drawing substantial financial backing from PE/VC firms like ChrysCapital and Kedaara, which are expanding their operational teams in the country, indicating a positive trend in technology-driven business.
