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[Update] Exclusive: Former Dyson India Boss Ankit Jain Bags Funding From BEENEXT For New Venture

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[Update] Exclusive: Former Dyson India Boss Ankit Jain Bags Funding From BEENEXT For New Venture

Almost two months after Inc42 had exclusively reported about former Dyson India MD Ankit Jain raising capital from BEENEXT for his new venture, the startup officially announced the development today. Foundry has raised ₹12 Cr in funding from BEENEXT and Kettleborough VC, with participation from Rishubh Satiya of Plix, Anindita Sampath of Yogabar, and Anita Pramoda of Owned Outcomes.

The funding will support technology development and product engineering as Foundry prepares its first product range of kitchen appliances for launch in H2 2027.

Former Dyson India MD Ankit Jain is working on a startup focused on building premium consumer appliances, sources told Inc42. 

The startup, which is currently operating in stealth, has raised pre-seed funding from Singapore-headquartered BEENEXT, the sources added. The amount raised could not be ascertained. 

While queries sent to BEENEXT did not elicit a response, Jain declined to comment. 

An ISB alumnus, Jain worked with Nestle India, Walmart, and 21st Century Fox before joining UK-based technology company Dyson in 2017. He was elevated as MD of Dyson India in 2021 to oversee the company’s expansion in the country. 

Last year, he was appointed MD of Dyson’s Middle East and Africa operations. He stepped down from the company in February this year. 

“Over these years, I built Hong Kong and Taiwan into a top 10 market, returned to India and turned around the business, and strengthened the Dyson into a brand that every customer aspired to own, and every business desired to build,” Jain said in a LinkedIn post announcing his exit from Dyson yesterday.


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