New Delhi: Noida-based Ekkaa Electronics has raised Rs 108 crore of Series A funding led by marquee investors including Mukul Mahavir Aggarwal, Varun Daga Family, MAIQ Growth Scheme, Caprize Aurix and other family offices. Six Stone Capital was the transaction advisor, with Shannon Advisors as the Merchant Banker. Ekka domestically manufactures high-quality display panels, offering end to end solutions across design, development and large scale production for both domestic and local brands. Ekkaa handles a business of over Rs 1,000 crore with manufacturing units in Sonipat and Noida, with a new plant coming up in Gannaur.

Sagar Gupta, Managing Director of Ekkaa Electronics said “This investment marks a pivotal moment in our growth journey. The backing from such reputed investors reinforces our vision of creating a truly global electronics manufacturing enterprise rooted in India. The funds raised will enable us to expand our manufacturing capacities, strengthen R&D capabilities, and invest in cutting-edge technologies that drive innovation. We aim to not only serve global OEMs but also contribute significantly to the ‘Make in India’ mission by building a robust, export-ready ecosystem. Our goal is to take EKKAA public by 2027 and create long-term value for all our stakeholders.”

Ekkaa is gearing up for an IPO

Ekka Electronics was founded in 2018, and is an Electronic System Design and Manufacturing (EDSM) company that is fully integrated across Research and Development, design and manufacturing of smart TVs, and has expanded its portfolio as a one-stop-solution provider for washing machines, speakers, induction cooktops and air coolers. The capital will be used to expand production capacity, deepen supple chain integration, and accelerate Research and Development. Ekaa plans an IPO by 2027. Managing Partner of Six Stone Capital, Ankit Mittal says, “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.”