The company plans to deploy the funds in scaling production to 20,000 in the next 6 months from their current capacity of around 1000 units to meet the increasing demand
Having raised $1.3 million in a seed funding round recently, Bengaluru-based Up⤴️ hopes to reach a $30 million annual run rate on its smart kitchen appliance
The ongoing funding winter is likely to see the consolidation of certain technology verticals as investors return to quality over quantity, leading to a more sustainable investing pace
