About CastNX
CastNX is a company based in India founded in 2020 by Sunita Tamboli. It operates as a Direct-to-Consumer (D2C) and B2B2C. CastNX has raised $2.76 million across 1 funding round from investors including Plutus Wealth and Arpit Khandelwal. The company has 25 employees as of April 07, 2024. CastNX offers products and services including EmotionX Variable Frequency Drives, SynergyX, ElectronX, SunwaveX, and OrbiterX. CastNX operates in a competitive market with competitors including Foxconn Electronics, Celestica, Flex, Huaqin and Dixon Technologies, among others.
- Headquarter India
- Employees 25 as on 07 Apr, 2024
- Founders Sunita Tamboli
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Sectors
TechnologyIndustrial Goods & Manufacturing
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Email
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Phone
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Website
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Social
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- Legal Name Castnx Private Limited
- Date of Incorporation 24 Jul, 2020
- Jurisdiction Indore, Madhya Pradesh, India
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Annual Revenue
$289.13 K (USD)107.59as on Mar 31, 2023
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Net Profit
-$28.47 K (USD)-5780.97as on Mar 31, 2023
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EBITDA
-$16.74 K (USD)-387.1as on Mar 31, 2023
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Total Equity Funding
$2.76 M (USD)
in 1 rounds
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Latest Funding Round
$2.76 M (USD), Seed
Oct 22, 2024
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Investors
Plutus Wealth
& 1 more
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Employee Count
25
as on Apr 07, 2024
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Products & Services of CastNX
CastNX offers a comprehensive portfolio of products and services, including EmotionX Variable Frequency Drives, SynergyX, ElectronX, SunwaveX, and OrbiterX.
Advanced drives are provided for industrial speed control.
Innovative solutions are offered for power management systems.
Efficient devices are designed for energy conversion needs.
Sustainable products are developed for renewable energy applications.
Cutting-edge technology is integrated into power control systems.
Funding Insights of CastNX
CastNX has successfully raised a total of $2.76M through 1 strategic funding round. The most recent funding activity was a Seed round of $2.76 million completed in October 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
Investors in CastNX
CastNX has secured backing from 2 investors, including venture fund and angel investors. Prominent investors backing the company include Plutus Wealth and Arpit Khandelwal.
| Investor | Description | Founded Year | Domain | Location |
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Private equity investments are directed across multiple sectors.
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Arpit Khandelwal |
Angel investor and entrepreneur, focused on tech startups in India.
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Investor details for CastNX
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Investments & Acquisitions by CastNX
Investment portfolio details for CastNX
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Financial Statements - CastNX
Detailed financials for CastNX
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Castnx Comparisons
Peer comparison for CastNX
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Competitors of CastNX
CastNX operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Foxconn Electronics, Celestica, Flex, Huaqin and Dixon Technologies, among others.
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Electronic products and components are manufactured globally by Foxconn.
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End-to-end product lifecycle solutions and services
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Designer and producer of intelligent products, automotive electronics manufacturing, and logistics services
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Smart hardware and vehicle electronics are manufactured on contract.
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Electronics manufacturing services are provided for consumer and home products.
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Electronics are manufactured under contract for global clients.
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Detailed competitors of CastNX
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Latest news on Castnx
Complete news archive for CastNX
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Frequently Asked Questions about CastNX
CastNX was founded in 2020 and raised its 1st funding round 4 years after it was founded.
CastNX is headquartered in India.
Manoj Modi is the current CEO of CastNX.
CastNX is a funded company, having raised a total of $2.76M across 1 funding round to date.
As of Apr 07, 2024, the latest employee count at CastNX is 25.
Annual revenue of CastNX is $289.13K as on Mar 31, 2023.
CastNX Private Limited is involved in the development of advanced power electronics and sustainable technology solutions. The company operates across multiple sectors including machinery manufacturing, automotive, power utilities, and renewable energy. Products such as variable frequency drives, inverters, and power converters are designed to meet industrial and commercial needs. Customized solutions are provided for compressors, pumps, fans, and renewable energy applications. Innovation is focused on facilitating a transition to a low-carbon society through state-of-the-art technology.
CastNX's top competitors include Flex, Foxconn Electronics and Huaqin.
CastNX offers EmotionX Variable Frequency Drives, SynergyX, ElectronX, SunwaveX, and OrbiterX.
CastNX has 2 investors. Key investors include Plutus Wealth, and Arpit Khandelwal.